N24bn Police Pension Fund Is Not Missing..Okonjo Iweala

The Federal Government has debunked the reported disappearance of N24 billion from the Police Pension Fund, saying the money in question was discovered to be an over-estimation of pensions arrears and subsequently returned to government coffers in line with standard practice.
Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, who cleared the air over the alleged missing fund, via a statement issued by her Special Adviser, Mr. Paul Nwabuikwu, said in March 2012, she had told the Senate Joint Committee on Pensions Administration at a public hearing that she ordered the account frozen to prevent fraud based on reports of suspicious transactions.
The minister's reaction was sequel to what transpired at the House of Representatives’ Public Accounts Committee (PAC) probe, where the Director General of the Pension Transitional Arrangement Department (PTAD), Mrs. Nellie Mayshak had told the committee  that "no documentary evidence" exists on the whereabouts of N24 billion released from the Service Wide Vote in 2010 for the Police Pension Fund.


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria


  1. Pls Nigerias stop asking of looted funds so that these armed robbers would allow us enjoy fuel availability. The more u ask for what they looted the more the scacity would ccontinue.

  2. These pple under GEJ stole 20bn dollars not to even talk of 24bn naira. Abeg allow them get enough for GEJ and them selfs. The man need to be sure he does not lack shoes again for the rest of his life

  3. Why do celebrate stories like money is missing but we hate to hear money is not missing. Would we rather prefer the money to be missing. Thanks madam for d update God bless u. Only those who are close to you know how sincere u are

  4. Na so !! Yu beta stop fooling around.

  5. Ngozi, should stop decide bing gullible Nigerians .these monies are being accumulated for 2015 election but I am certain God Almighty will punish all of you for stealing our collective resources.

    1. Do you have any evidence for this your spurious allegation? Madam Iweala has make it a duty to ensure that the system is cleaned out.

  6. U are a thief, there is no smoke without fire

Previous Post Next Post

نموذج الاتصال