Atmosphere of miracles: N20bn pensions fund discovered in secret account

by Akan Ido

Abdulrasheed Maina, the chairman of the pension reform task force has announced the discovery of another N20billion stolen pension funds stashed in secret accounts.

Maina told journalists that the money was stashed in dormant accounts but reports have not been made because investigations are still ongoing.

According to the chairman:  “Recently, we discovered some money hidden in other accounts, apart from the N221billion we have recovered and sent to the government.

“I did not disclose this earlier because we are still under investigation. The money is over N20 billion.”

He reportedly continued saying, “The amount has been hidden in some accounts that are dormant for over three years… As soon as we get through with our investigation, we will report to the Minister of Finance to instruct the Accountant-General to move the money.”

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