Oyo State Government says it has uncovered a pension fraud in its Local Government Service Pensions Board totalling N2.6bn.

Chairman of the board, who is also Head of the Local Government Service Commission, Chief Lasisi Ayanjoko, said interim investigative report on the account of the board between September 2010 and March 2011, revealed the fraud.

“Ten civil servants were involved in the scam,” he said.

But he did not reveal the names of the indicted suspects because of ongoing investigations.

Ayankojo said eight of the alleged perpetrators of the fraud were being detained by the police, adding that the two others had absconded.

He said, “Upon the receipt of the report of on the account, the board met Governor Abiola Ajimobi, who ordered that the board should get to the roots of the scam immediately.

“The board discovered this fraud after complaints by local government workers and retirees who claimed that the government had not paid their pensions.


http://www.punchng.com/news/directors-flee-as-oyo-uncovers-n2-6bn-pension-scam/