Former Director of Pension Accounts in the Office of the Head of Civil Service of the Federation, OHCSF, Dr. Sani Teidi Shaibu, was yesterday rearrested by the Economic and Financial Crimes Commission, EFCC, over his alleged complicity in the illegal diversion of pension funds.
Shaibu was arrested alongside nine other civil servants who allegedly conspired and used “third parties” to siphon monies meant for pensioners across the federation.
Former Deputy Director of Pension, Mrs. Phina Ukamaka Chidi, Garba Abdullahi Tahir, Abdul Mohammed, Emmanuel Olanipekun, Franklin Okey Nwankwo, Mohammed Ahmed Katun, Aliyu Bello, Abdullahi Omeiza, and a former manager with defunct Oceanic Bank Plc, Mr. Udusegbe Omoefe Eric, were among those arrested by the EFCC operatives.
Apart from the general charges levelled against them, the ex-pension boss, Shaibu, was said to have connived alone with the Bank Manager, Omoefe, and diverted about N4.5billion from the pension fund, using nine different companies, while his deputy, Phina, was said to have conspired with Nwankwo to siphon about N3billion through nine other companies.
Phina was also alleged to have between 2009 and 2011, connived with a company, Pam Investments Properties Ltd, to commit an offence under the Money Laundering (Prohibition) Act, 2004, by retaining the sum of $2million, property belonging to the Pensions Account, OHCSF, a crime contrary to section 16(a) of the Money Laundering (Prohibition) Act, 2004 as amended.
