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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.

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