14 June 2012

Nigeria: Pension Fraud - EFCC Tenders Documents

Abuja — The Economic and Financial Crimes Commission (EFCC), yesterday tendered two sets of documents in the prosecution of Dr. Shaibu Sani Teidi and two others who are standing trial before Justice Adamu Bello of the Federal High Court, Abuja over a N2billion check-off dues fraud.

The two others, who are being prosecuted for defrauding the Nigerian Union of Pen- sioners (NUP), are Alhaji Ali Abatcha and Actor Zal.

Two prosecution witnesses, Mr. Njoku Everest, Assistant General Secretary of the Union and Mr. Chikezie Aguocha, an official of First Bank of Nigeria PLC. were led in evidence by Emmanuel Nonso Egwuagu from Godwin Obla's chambers at the resumed hearing of the case.

While Everest tendered documents concerning the expenditure that was incurred by the union, based on the money that came into the union's account between April 2008 to March 2011, Aguocha, who was subpoena on May 10, also produced seven documents which included statement of account of the union domiciled at the Garki branch of the bank.

Teidi Abatcha and Zal were alleged to have, at various times, between 2008 and 2011 conspired to defraud, obtained from the Pensions Department, Office of the Head of Service of the Federation, various sums amounting to N2 billion.

Teidi while in the Pensions Department, Office of the Head of Service of the Federation, allegedly used his position to over pay the check-off Dues to the NUP which in turn returned the excess payment to him.

In the proof of evidence presented before the court, Zal had made a confessional statement where he alleged that various sums of money were paid to Teidi.

Zal said the NUP received N60.9 million on April 23, 2009. Of the amount, N20 million was given to Teidi as kick back.

On August 14, 2009, N65, 500,650 was received as check off dues and Teidi allegedly got N20 million as kick back.

He said of the N2, 290,593,322 that fraudulently accrued to NUP in the period of 2008 and 2011, N245 million was allegedly given to Teidi as kick back.

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