The Abuja Zone Command of the Financial and Monetary Crimes Fee has handed over paperwork on properties and 324 homes recovered for pensioners of Kano State to the affected individuals.
The event was a results of an investigation by the EFCC right into a N4.1 billion Pension Belief Fund denied to pensioners by successive Kano State governments.
The EFCC investigation adopted a petition by a bunch referred to as 'Involved Kano State Staff and Pensioners', over the alleged embezzlement of pension funds within the state.
The spokesperson of the anti-graft company, Dele Oyewale, disclosed the event in a press release on Monday.
He famous that the properties have been handed over to the affected individuals following a closing forfeiture order granted by Justice Inyang Ekwo of the Federal Excessive Court docket, Abuja.
Oyewale stated: “Findings of the EFCC revealed that the state authorities has entered right into a tripartite settlement with the Kano State Pension Belief Fund to construct residential estates at a complete value of N41 billion, of which the Pension Belief Fund would contribute N4.1 billion.
“The contribution of the pensioners, nevertheless, was used to construct the homes in three estates in Sheikh Ja'afar Mahmud Adam Bandirawo city, Sheikh Nasiru Kabara (Amana) city and Sheikh Khalifa Ishaq Rabiu city, all in Kano State and two former governors. of the state fraudulently discounted and offered the homes to their accomplices and associates, leaving the pension directors with a low price range and unfinished homes.
“The EFCC intervened and upon completion of the investigation, utilized for and obtained a closing order for forfeiture of the 324 properties from the Kano State Pension Fund Trustees.
“Whereas handing over the paperwork of the 324 properties price N4.1 billion to the pensioners on Monday, March 18, 2024, the Zone Commander of the EFCC in Abuja, Adeniyi Adebayo, assured that the EFCC would proceed to do its finest to liberate. of fraudulent practices.
“Representatives of Kano State Pension Board, Hassan Aminu, Kubra Bichi and Salisu Abubakar, who obtained the paperwork on behalf of the employees and pensioners, expressed their pleasure and delight on the EFCC for serving to them rehabilitate their homes.”