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Revealed: This is what got Maina into trouble

*He stepped on big lions’ tails

*Systemspecs Limited, a company, was a pensioner too

One of the 24 experts/consultants that worked with the PRTT during their activities seeing the strength of character to stand by the truth sent in this report they wrote in the height of the entire saga.

It is best read and assimilated by the reader. We thus, present same unedited and verbatim.

Enjoy reading.

REPORT OF THE FORENSIC EXAMINATION OF THE POLICE PENSION OFFICE ACCOUNTS FOR THE PERIOD STARTING FROM 1ST JUNE 2011 AND ENDING 31ST JANUARY 2012 ON THE WITHDRAWAL OF THE SUM OF N119M

BACKGROUND

Having been properly briefed on the activities of the office and the perceived irregularities in the disbursement of funds with particular emphasis on 30th September 2011, the remittance sheet and the master payroll was submitted for scrutiny and investigation. Rather than just getting a clean bill, there are startling discoveries and revelations.

OBSERVATIONS

In the course of our examinations and scrutiny, there are duplicated names, multiple accounts, phony pensioners, unauthorised payments, inflated payments into accounts among others.

DUPLICATED NAMES

Instances abound where there are pensioners with same names operating different accounts at various banks. Particular reference is of Mohammed Garba, Usman Musa and Maryam Aliyu in the banks’ schedules.

John Yusuf Nigerian public official allegedly involved in the theft of some $203million police pension fund...Maina's team were their nemesis
John Yusuf Nigerian public official allegedly involved in the theft of some $203million police pension fund…Maina’s team were their nemesis

MULTIPLE ACCOUNTS

The pension payroll is laced with multiple accounts and manipulations. Maryam Aliyu has two pension accounts all domiciled with Afri Bank Plc where she collectively received N111,837.09 monthly. See Account No 5002255226 with serial no 937 and 939 on the bank schedule. See also Onche James on the schedule.

PHONY PENSIONERS

We are yet to be advised of how and why some names get into the pension payroll without being pensioners. There are pensioners who are being paid but have no record on the harmonized master payroll. See Ogbu John, Ogah Mathew, Uba Nwagboso, Systemspecs Ltd, Adeleye Sunday, Badaru taiwo and Emeaiku Simon. Others are Knuta Williams, Aba Gilbert, Ayuba Haruna, Bassi Jacob, Oloye Elkenah, Onetundula Silas, Opatola Rafiu and Yakubu Hannatu.

UNAUTHORISED PAYMENTS

Systemspecs Limited is a limited liability entity and could not be seen as pensioner. Then how did it find itself on the payroll? See also Ogah Mathew on the schedule.

INFLATED PAYMENTS

It is not by error of omission that so many payments were inflated since those figures were distinct and had no semblance in whatever ramification(s). No valid reason can be adduced to a beneficiary of N385,957.27 to be paid N2,498,879.51 and several others.

POSERS FOR FURTHER CLARIFICATION

Following from the above observations, the following questions are pertinent in this regard to enable us unearth the web of questionable activities exhibited in the scheme.

  1. Where are the schedule indicating the actual disbursement made to pensioners through the following banks:
  2. Afribank Plc Bank Phb c. Equitorial Trust bank   d. Fidelity bank
  3. Finbank Plc f. Spring bank g. Stanbic IBTC bank     h. Sterling bank
  4. Wema bank j. Zenith bank
  5. Who is Ogah Mathew in Diamond Bank since there are no details about the beneficiary despite receiving monthly payments?
  6. Where is the detail of the beneficiaries on the NOP schedule? It appears most of the names could not be traced to any payroll.
  7. Why was Systemspecs Ltd paid through First bank Plc despite not being a pensioner?
  8. Where is the detail of the beneficiaries on Oceanic bank Plc serial nos 61 – 127?
  9. Where is the detail of the beneficiaries on ECObank Plc serial nos 1-39, 41-43 and 45-265?
  10. Where are beneficiaries 45 – 74 on the Intercontinental bank schedule?
  11. Why does First Bank Plc has just 3 beneficiaries as being paid on its schedule?
  12. What becomes of the United Bank for Africa Plc with just a pensioner as being paid? Where is the rest?
  13. Can we be advised the reason for having just 2 pensioners on the Union bank schedule?
  14. From which bank was the N119 million in question paid?
  15. Since the said money was pulled out in September 2011, where is the disbursement schedule?
  16. The entire remitta submitted covered the period ended August 2011 while the investigation is to December, so what becomes of the remaining record? Where are the details?
  17. Why are some pensioners paid excess and others paid less their entitlements?

RECOMMENDATION:

From the foregone it is quite germane to state unequivocally that there was no evidence of the disbursement of the N119 million in September 2011. There was nothing to suggest that there was a great departure from the monthly payments since the total pension figure for the preceding months and subsequent months of September did not indicate otherwise.

We strongly recommend that all names and beneficiaries on the schedule should be investigated to see if they actually received the stated sums as pension arrears. The various bank schedules only indicate monthly payments and never were lump sums amounting to the N119m reflected on the harmonized payroll throughout the period under review.

The entire excess funds paid and indicated on the schedule is about N46 million – a far cry from the N119m.

 

20th February 2012

 

 

 

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