Skip to main content

N2.5bn: EFCC Arrests PTAD Boss, Three Others




The EFCC have arrested PTAD boss and three others over alleged N2.5 billion fraud – Three staff of the directorate were also arrested – Investigations revealed that that PTAD boss misappropriated about N2 billion of the said amount The Economic and Financial Crimes Commission (EFCC) has arrested Nellie Mayshak, the director general of the Pension Transition Arrangement Directorate (PTAD), Daily Trust reports. Share on Facebook Share on Twitter PTDA director general, Nellie Mayshak Mayshak was suspended indefinitely alongside three others by federal government on Friday, March 18, over alleged N2.5 billion fraud. It was gathered that three of her staff; Yoab Youssoufou, Patricia Iyogun and Ruth Imonikhe were also arrested by the anti-graft agency on Tuesday, April 19. The fund was said to have been inherited from the pension’s account of the head of the civil service mainly meant for Nigerian Immigration Service, Nigeria Customs Service, and Nigeria Prisons Service.
 EFCC sources said investigations into the alleged fraud revealed that Mayshak misappropriated about N2 billion of the N2.5 billion. The source said the alleged fraud was committed in the award of contracts to three companies which served as fronts for Mayshak during her three-year tenure. “In one instance, Mayshak allegedly approved N25, 410,000 contracts for the supply of 121,000,000 litres of fuel in one day when in fact there was no corresponding storage capacity. PTAD only has storage capacity of about 11,000 litres, which lasts for about a month. “Between December 8 and 30, 2014 she awarded multiple contracts to the same company, Interactive Wide Nigeria Limited, to the tune of about N29, 377,993.26. “Other contracts for the supply of office materials, air conditioners, and conference materials to the tune of N375, 704,287 were awarded to Belzacode, Hosley Nigeria Limited and Pabak Nigeria Limited.” READ ALSO: Ekweremadu becomes anti-corruption ambassador “Yousoufou, team leader, ICT owned Belzacode; Imonihke, team leader, DG’s office, owned Hosley Nigeria Limited while Iyogun, team Leader, Customs, Immigration and Prisons Pensions Department, said to be a sister-in-law to Mayshak, owned Pabak Nigeria Limited. “They were however, found to be merely serving as fronts for Mayshak. The suspension which is a normal civil service procedure is to pave way for an unimpeded investigation into the activities of the directorate under the watch of Mayshak,” the source said. She was alleged to have demanded from the ministry of finance the sum of N3 billion earmarked for the verification of pensioners nationwide to be released to her but request was turned down.

Comments

Post a Comment

Popular posts from this blog

Coca-Cola international restructures operations

The Coca-Cola Company has announced a new streamlined international structure to align operating units against its global bottling footprint and to promote and develop key Coca-Cola leaders. Making the announcement recently, Chief Executive Officer, Muhtar Kent, said the move will lay the foundation for strong leadership and management continuity for the company. He said the new structure outlines important changes to its international operation in order to better support evolving bottler footprint, and also, to demonstrates its dept of management experience Coca- Cola is fortunate to have in its system. The Chief Operating Officer, James Quincey also added that as the company continue to implement its five strategic actions for growth, it is critical that organizational structure enables the speed, agility and inspirational leadership that are necessary to win today and in the future. Quincy noted that the changes announced streamline Coca-Cola’s international structure, and reflec...
Post a Comment
Read more

PFN Speaks Against The Introduction of Religious Bill

 The Pentecostal Fellowship of Nigeria, the Kaduna state chapter, has spoken against the introduction of the religious bill – The PFN chairman said that over 5,000 pastors would rather obey God than obey the proposed preaching bill – Governor Nasir El-Rufai cautioned religious leaders against politicizing the bill – He explained that the bill would allow the Christian Association of Nigeria and the Jama’atu Nasir Islam to check strange ideological beliefs that are not in tandem with Christianity and Islam Share on Facebook Share on Twitter According to El-Rufai, some people are trying to politicize the government’s good intention to restore peace in Kaduna state. The Kaduna state chapter of the Pentecostal Fellowship of Nigeria (PFN) has spoken against the introduction of the religious bill. It said that over 5,000 pastors in the PFN would rather obey God than obey the proposed preaching bill currently before the state House of Assembly when passed into law. The Pu...
Post a Comment
Read more

News Flash

  The suspect identified as Echeno Adakole, has reportedly been arrested by the police in Benue State for allegedly beheading his 50 years old stepmother, named Titi. Busted  Man arraigned by the EFCC for Visa Scam The Economic an Financial Crimes Commission has docked a man who ran a visa scam. Final Bus Stop  Court sentences man to death by hanging for murder in Niger A man who murdered a young boy on behalf of a ritualist has been sentenced to death by hanging. Gone For Good  Kenyan man jailed 200 years for murdering his children A father in Kenya has been sentenced to 200 years in prison for murdering his four children. Watch Your Tongue-  Man fined N100k for threatening pregnant woman A court in Abuja has fined a man N100k for threatening a pregnant woman.    Prostitute found       dead in brothel in Abuja A prostitutes dead body was found after she brought in a client to sleep ...
Post a Comment
Read more