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Monday, December 31, 2012

Pension team plans to retrieve N3tr stolen funds


Abdulrasheed Maina pensionChairman, Pension Reform Task Team, Abdulrasheed Maina, says he will relinquish his position as soon as the N3tr stolen pension funds are recovered.
Maina, who stated this in an interview with newsmen in Abuja on Saturday, added that those behind the stolen funds were desperate to frustrate the efforts of the task team.
He noted that the team had nothing against the Senate Committee probing the pension administration except that it did not give the team a fair hearing.
Maina said, “Right now, we are pursuing something on N3tr pension funds. We don’t want anything to jeopardise our investigations. Our officers have gone far.
“We are talking about stolen cash worth N3tr. And as soon as the money is recovered, I will quit this job. I don’t want it. Let other people continue because only then people will understand the difference.
“If you are here and you are doing good for humanity and somebody comes and something happens then people will now understand the difference. I am only fighting for the country and our children.
“We are aware of the fact that there is about N3tr already in the pension system which PENCOM is sitting on.
“That N3tr if it is made available to state governments, our governors won’t have reason to go abroad to take any loan to fund infrastructure development.
“What I am saying is that if these monies can be well managed, it would be available for governors to borrow and be able to pay like 10 per cent interest when they are returning it unlike the current situation that is available with the pension system in the country.”
On the face-off with the Senate Committee investigating pension administration in the country, Maina linked it to misinformation.
He said, “Members of the committee are highly respected persons but the issue of bias against the committee has been lodged and we are sure by the time the Senate President comes in contact with that letter, he will protect the constitutional provisions of fair hearing to all the parties.”

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