EFCC Probes Kwankwaso Over Multibillion Pension Scandal
EFCC is looking into N2.5 billion in pension scam involving former Kano Governor Rabiu Kwankwaso.
Rabiu Kwakwanso, the former governor of Kano State, is the subject of an investigation by the Economic and Financial Crimes Commission (EFCC) into claims of a N2.5 billion pension scam.
EFCC interrogators have reportedly invited Kwakwanso and questioned him about this.
Recalling events from March 2023, the EFCC's Abuja Zonal Command gave 324 dwellings and property certificates to retirees from Kano State.
The pensioners received these assets back.
According to an EFCC spokesman, Justice I.E. Ekwo of the Federal High Court in Abuja issued a final forfeiture judgment that made it easier to transfer the residences.
However, it is believed that two Kano State administrations in succession fraudulently withheld this fund from them.
Oyewale said, “The commission investigated a petition by Concerned Kano State Workers and Pensioners of alleged misappropriation of pension funds in the state. Findings by the EFCC showed that the state government entered into a tripartite agreement with the Kano State Pension Trust Fund to build housing estates for an aggregate sum of N41bn, out of which the Pension Trust Fund was to contribute N4.1bn.
“However, the contribution of the pensioners was used to build the houses in three estates located in Sheikh Ja'afar Mahmud Adam Bandirawo city, Sheikh Nasiru Kabara (Amana) city and Sheikh Khalifa Ishaq Rabiu city, all in Kano State and two former governors of the state fraudulently discounted and sold the houses to their cronies and associates houses to their cronies and associates, leaving the pension trustees with low budget and uncompleted houses.
“The EFCC stepped in and upon completion of investigation, filed for and acquired a final forfeiture order of the 324 properties to the Kano State Pension Fund Trustees.
“While handing over the documents of the 324 properties worth N4.1bn to the pensioners on Monday, March18, 2024, the Abuja Zonal Commander of the EFCC, Assistant Commander of the EFCC, Adeniyi Adebayo, assured that the EFCC would continue to do its best to rid the nation of fraudulent practices.
“Representatives of the Kano State Pension Board, Alhaji Hassan Muhammed Aminu, Kubra Ahmad Bichi and Salisu Yakubu Abubakar, who received the documents on behalf of the workers and pensioners, expressed delight and joy with the EFCC for assisting them in recovering their houses.”
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