EFCC takes off to eradicate pension funds

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EFCC

Eniola Olorundare

The Economic and Financial Crimes Commission (EFCC), has collaborated with stakeholders in the Pension industry to hold a two-day sensitization workshop on, “Eradication of pension fraud in Nigeria”, from Oct.5 to Oct. 6, in Abuja.

This statement was made available to the
News Agency of Nigeria (NAN), in Ilorin on Tuesday by the Commission’s spokesman, Mr Wilson Uwujaren.

The report added that the event had been scheduled for the NAF Conference centre, Abuja.

He said that the workshop aimed to serve as a platform for sensitization and practical exchange of information, on how to eradicate pension fraud in the country.

Uwajaren quoted the EFCC Chairman, Abdulrasheed Bawa, as saying that the workshop would help highlight the areas of corrupt practices in pension administration and collectively develop strategies to curb the menace, which is threatening the country’s pensions industry.

According to the spokesman, the Secretary to the Government of the Federation, Boss Mustapha, anti-corruption agencies, Legislators and the National Pension Commission (PenCom) are all expected to grace the occasion.

Other participants expected at the workshop include; officials from the Military Pensions Board; Police Pensions Board; Pension and the Records Office of the Head of Civil Service of the Federation.

Also, expected are: the Federal Ministry of Finance; Budget Office; National Union of Pensioners (NUP); Pension Transitional Arrangement Directorate, (PTAD); Retirement Benefit Advisors; Pension Fund Administrators and Civil Society Organisations.