Alleged N4.1b property fraud: EFCC recovers 324 Houses for Kano pensioners

GodGift Ifunanya
3 Min Read

The Economic and Financial Crimes Commission (EFCC) yesterday handed over documents of properties and 324 houses recovered for Kano State pensioners to them.

The handing over of the houses by the Abuja Zonal Command of the EFCC, followed a final forfeiture order granted by Justice I.E. Ekwo of the Federal High Court in Abuja.

A statement by the Head of Media and Publicity of the commission, Mr. Dele Oyewale, said the court’s order was a result of successful investigations carried out on alleged N4.1 billion fraud.

The statement said the pensioners contributed to the Pension Trust Fund to own houses.

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But, the commission said the contributors were denied the houses by two successive administrations in the Northwest state.

The statement reads: “The commission investigated a petition by Concerned Kano State Workers and Pensioners of alleged misappropriation of pension funds in the state.

“Findings by the EFCC showed that the state government entered into a tripartite agreement with the Kano State Pension Trust Fund to build housing estates for an aggregate sum of N41 billion (Forty One Billion Naira), out of which the Pension Trust Fund was to contribute N4.1 billion (Four billion one hundred million naira).

“However, the contribution of the pensioners was used to build the houses in three estates located in Sheikh Ja’afar Mahmud Adam Bandirawo City, Sheikh Nasiru Kabara (Amana) City and Sheikh Khalifa Ishaq Rabiu City,  all in Kano State.

“Two former governors of the state fraudulently discounted and sold the houses to their cronies and associates, leaving the pension trustees with low budget and uncompleted houses.

The EFCC stepped in and upon completion of investigation, filed for and acquired a final forfeiture order of the 324 properties to the Kano State Pension Fund Trustees.

“While handing over the documents of the 324 properties worth N4.1 billion to the pensioners yesterday, the Abuja Zonal Commander of the EFCC,  Assistant Commander of the EFCC, Adeniyi Adebayo assured that the EFCC would continue to do its best to rid the nation of fraudulent practices.

Representatives of the Kano State Pension Board, Alhaji Hassan Muhammed Aminu,  Kubra Ahmad Bichi and Salisu Yakubu Abubakar, who received the documents on behalf of the workers and pensioners,  expressed  delight  and joy with the EFCC for  assisting them in recovering their houses.”

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