THE Economic and Financial Crimes Commission (EFCC), has hinted that it
had traced N1.5 billion of the allegedly siphoned N4.56 billion pension
funds from the Office of Head of Service of the Federation to the
account of Dr. Sani Teidi Shuaibu, the former Director of the Pension
Accounts in the office.
In its proof of evidence at the Federal High Court, Abuja, which an operative of the EFCC and Team Leader of Pension Fraud Investigation, Aliyu Habibu Adamu, swore to, and obtained by The Guardian last night, the commission explained how it traced the amount to the account of the indicted pension administrator.
Shuaibu is being prosecuted along with 39 others for the scam.
The document revealed the complicity of some banks in the mess in the pension office.
The driver of Dr. Shuaibu, named as Lawal Abdullahi, was also indicted. A cheque book of a non-functioning
The document showed that Shuaibu was one of the signatories to the pension accounts, the only person that endorsed payment instructions sent to the banks for payments and, who, the banks confirmed payments from.
He was accused of signing and confirming several fraudulent mandates for fictitious contracts, fraudulent collective allowances, re-reimbursemen
The former pension chief, the document further showed, used the accounts of five people, Abdul Mohammed, Stanley Iwu, Aliyu Bello, Udusegbe Omoefe Eric, and Mrs. Phina Chidi, to siphon the money. These individuals were said to be beneficiaries of some of the fraudulent mandates; and they allegedly confessed to have remitted the proceeds to Shuaibu either directly or indirectly through some of his companies and associates.
Shuaibu’s driver also confessed to have received monies from these five persons severally and handed them to his boss.
One of the companies, Riba-Ile Petroleum Limited, one of the assets recently seized from Shuaibu by the EFCC, is an idle filling station, which bank account the N1.54 billion was launched.
The cheque book of this same account was the one found in Shuaibu’s driver’s house.
“Aliyu Bello and Abdul Mohammed confessed to have remitted the funds to him through Riba-Ile Petroleum Limited while Abdul Mohammed confessed to have remitted some through Smart Investments account on Shuaibu’s directives. Riba-Ile was discovered to have a turnover of over N1,540,000,000 in the account, with several cash deposits, while the filling station of Riba-Ile Petroleum Limited has not been operating,” the document read in part.
It further revealed that the account of the filling station, which cheque book was found in Shuaibu’s house was operated with a fictitious name, another person’s passport, a different person’s signature, but was operated by Shuaibu.
The account officer, Ibrahim Abubakar Sadeeq, in his statement to the EFCC, allegedly admitted that the account was operated by Shuaibu, who usually confirm to him all payments made in and drawn out of the account. He also confessed that he had on several occasions, collected money from Abdullahi (the driver); and on the directive of Shuaibu, using fictitious
In its proof of evidence at the Federal High Court, Abuja, which an operative of the EFCC and Team Leader of Pension Fraud Investigation, Aliyu Habibu Adamu, swore to, and obtained by The Guardian last night, the commission explained how it traced the amount to the account of the indicted pension administrator.
Shuaibu is being prosecuted along with 39 others for the scam.
The document revealed the complicity of some banks in the mess in the pension office.
The driver of Dr. Shuaibu, named as Lawal Abdullahi, was also indicted. A cheque book of a non-functioning
The document showed that Shuaibu was one of the signatories to the pension accounts, the only person that endorsed payment instructions sent to the banks for payments and, who, the banks confirmed payments from.
He was accused of signing and confirming several fraudulent mandates for fictitious contracts, fraudulent collective allowances, re-reimbursemen
The former pension chief, the document further showed, used the accounts of five people, Abdul Mohammed, Stanley Iwu, Aliyu Bello, Udusegbe Omoefe Eric, and Mrs. Phina Chidi, to siphon the money. These individuals were said to be beneficiaries of some of the fraudulent mandates; and they allegedly confessed to have remitted the proceeds to Shuaibu either directly or indirectly through some of his companies and associates.
Shuaibu’s driver also confessed to have received monies from these five persons severally and handed them to his boss.
One of the companies, Riba-Ile Petroleum Limited, one of the assets recently seized from Shuaibu by the EFCC, is an idle filling station, which bank account the N1.54 billion was launched.
The cheque book of this same account was the one found in Shuaibu’s driver’s house.
“Aliyu Bello and Abdul Mohammed confessed to have remitted the funds to him through Riba-Ile Petroleum Limited while Abdul Mohammed confessed to have remitted some through Smart Investments account on Shuaibu’s directives. Riba-Ile was discovered to have a turnover of over N1,540,000,000 in the account, with several cash deposits, while the filling station of Riba-Ile Petroleum Limited has not been operating,” the document read in part.
It further revealed that the account of the filling station, which cheque book was found in Shuaibu’s house was operated with a fictitious name, another person’s passport, a different person’s signature, but was operated by Shuaibu.
The account officer, Ibrahim Abubakar Sadeeq, in his statement to the EFCC, allegedly admitted that the account was operated by Shuaibu, who usually confirm to him all payments made in and drawn out of the account. He also confessed that he had on several occasions, collected money from Abdullahi (the driver); and on the directive of Shuaibu, using fictitious
names, deposited the funds in the account of Riba-Ile Petroleum Limited.
The EFCC also discovered that the sum of N35 million was paid to Muha Motors through Riba-Ile’s bank account on April 3, 2009. Mohammed Muhamud, the owner of the firm, said in a statement to the EFCC that the amount was paid to him by Shuaibu as part payment for Brifina Hotel.
He told the EFCC that the money was meant for Chief Anthony Azewaputa for the hotel, which is located in Durumi, Abuja.
“Although the total sum of N399 million was said to be the value of Brifina Hotel, and the amount for which it was sold to Shuaibu, investigators traced N359 million as payments made to Azewaputa by Shuaibu through Muhamud in regards to the purchase of Brifina Hotel.”
The EFCC also discovered that the sum of N35 million was paid to Muha Motors through Riba-Ile’s bank account on April 3, 2009. Mohammed Muhamud, the owner of the firm, said in a statement to the EFCC that the amount was paid to him by Shuaibu as part payment for Brifina Hotel.
He told the EFCC that the money was meant for Chief Anthony Azewaputa for the hotel, which is located in Durumi, Abuja.
“Although the total sum of N399 million was said to be the value of Brifina Hotel, and the amount for which it was sold to Shuaibu, investigators traced N359 million as payments made to Azewaputa by Shuaibu through Muhamud in regards to the purchase of Brifina Hotel.”
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