Anti-corruption and elections / EFCC

Pension Fraud: EFCC Secures Interim Forfeiture of N397m

Justice Ijeoma Ojukwu of a Federal High Court, Abuja, has ordered the interim forfeiture to the Federal Government the sum of N357,206,311.15, $91,955.38 (N33, 411, 987.32) and £15,050 (N7, 040 , 841.5) stashed in two commercial banks, and which are believed to be proceeds of pension fraud. The judge had on October 26, 2018 issued the order of interim forfeiture for the monies domiciled in Zenith Bank and Skye Bank (now Polaris Bank), following an ex-parte summons by the EFCC dated October 3, 2018 and filed on October 5, 2018. The EFCC had in the course of investigating a pension fraud case, t…