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N12.5 million vanishes from Bayelsa Pensions Board?

Posted by The Port Harcourt Telegraph on 2005/05/27 | Views: 267 |

N12.5 million vanishes from Bayelsa Pensions Board?


A mighty fraud may have been committed at the Bayelsa Pensions Board, according to information that are filtering in.

A mighty fraud may have been committed at the Bayelsa Pensions Board, according to information that are filtering in.

Already, as inside sources hint, detectives have swarmed the place in a bid to determine the extent of possible fraud.

A top official in the board is believed to have had a chat with security operatives that are investigating the alleged theft.

There are even speculations that he may have been bailed.
When the incident occurred is not yet known but some persons associated with the pension's board told this publication that the amount involved by run into several millions of naira.

One source however said he heard that the sum of N12.5 million naira might have been snatched through manipulation..

Pensioners in the State have not had it easy in the last few months, especially in the face of what close watchers insist is the toss around of retirees who have no one to depend on.

The Telegraph would be following the story, bringing its readers in Bayelsa and elsewhere in the South-South a blow-for-blow account as events break

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Sunday Mbe(Kaduna, Kaduna, Nigeria)says...

ULIMASI means' GOD,THANK YOU' not THANK GOD.

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Sunday Mbe(Kaduna, Kaduna, Nigeria)says...

The name ULIMASI is from the UTUGWANG tribe in OBUDU local government area of CROSS RIVER STATE in Nigeria.

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Okfold(Sobe, Edo, Nigeria)says...

I want the meaning of female owan name Ekeke (Edo state)

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Toluwalase Samuel Olufemi(Ijebu, Ogun, Nigeria)says...

Authority belongs to God, once He decrees it is final and binding

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Ikponmwosa Osamede(Edo, Nigeria)says...

Your meaning of Osamede is wrong. Osamede means God has given me a crown