Magu Names Pension Thieves

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Acting Chairman, Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu has named other individuals implicated in the police pension scam for which Abdulrasheed Maina has been declared wanted.

He said the suspected pension thieves were in the Office of the Head of the Civil Service of the Federation and Police Pension Office.

He added that over N2.8 billion was recovered from the suspects, excluding some assets that were under interim or final forfeiture, The Nation reported.

Magu said: “The suspects investigated in the Police Pension fraud from whom assets were seized, include: Atiku Kigo, Esai Dangabar, Ahmed Inuwa Wada, Veronica Oyegbula, Uzuoma Cyril Attang, Sani Habila Zira, John Yusuf and their associated companies and persons.

“In the pension office of the Office of the Head of the Civil Service of the Federation, those from whom properties were recovered are Shaibu Teidi, Phina Chidi, Abdul Mohammed, Emmanuel Olanipekun, Aliyu Bello and their associated companies and persons.

“The assets seized from these suspects are in two categories. There are assets that are under interim forfeiture which means that they are temporally seized pending the determination of the substantive cases in court.

“Such assets cannot be dissipated because the cases are pending in court. The reality is, most of the assets recovered from pension fraud suspects belong in this category.

“The cash element of the recoveries is also carefully documented. The total funds recovered stand at N2, 886,743,016.71; $3,017,556.73; and €3,385.40.

“The sum of N16, 185,131,847.09 which was recovered from an illegal account in an old generation bank has since been remitted to the office of the Head of Service, while N369, 558,640.99 represents the cash component of John Yusuf’s final forfeiture. There is no opacity regarding the Commission’s handling of the assets recovered from suspects of pension fraud. The fact speaks for itself.”

He equally challenged anyone with evidence that EFCC operatives were re-looting recovered funds to come forward with it.


John is a University of Lagos-trained, tech-savvy journalist with an uncanny nose for news. His views are always the end products of a deliberate search for information and knowledge. He has read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. He is an expert Scrabble and draughts player who is also excellent at swimming. If you know the capitals of 45 African countries by heart, then you are exactly like him.

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