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Saturday, 24 October 2015

EFCC Traces Maina’s N2.8bn Pension Loot to Bank

The Economic and Financial Crimes Commission has arrested two top managers of a commercial bank for assisting the former Chairman of Pension Reform Task Team, PRTT, Abdulrasheed Maina, to launder stolen pension funds.

Maina is on the run after the EFCC filed charges against him for stealing billions of pension funds through a phony biometric exercise alongside former Head of Service of the Federation, Steve Oronsaye.

Sources at the EFCC disclosed that the two bankers, Danjuma Zubairu, group head, private banking and Abubarkar Gwambe, an account officer, in the Abuja Central Business District business unit of the bank, were arrested on Thursday following fresh evidence that they are managing proxy accounts for the fugitive.


The accounts, which have over time witnessed massive inflow of slush funds include two corporate and three individual accounts. The first individual account opened in the name of Abdullahi Faizer, had a turnover of N1.5billion while the other operated in the name of Nafisatu Aliyu recorded a turnover of over N100,000.

source:Vangaurd

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