Two army officers, bank officials remanded over N339 million military pension scam

EFCC operative used to illustrate the story
EFCC operative used to illustrate the story

Justice D. Z. Senchi of the Federal Capital Territory (FCT) High Court, Jabi, Abuja on Thursday ordered the remand of four suspected military pension fraudsters in Kuje prison over their alleged complicity in stealing military pension funds to the tune of N339million.

The suspects, Ishaka Yakubu (Wing Commander), Akinbamidele Odunsi (Lieutenant Commander), Abidemi Aderemi Kolade and Violet Ofoegbunam were alleged to have conspired to collect monies meant for payment of death benefits to deceased army officers, and converted same to personal use.

The offence breaches Section 315 of the Penal Code Act Cap 532 LFN (Abuja) 1990, and punishable under the same Act.

The suspects were arraigned on Thursday by the Economic and Financial Crimes Commission, EFCC, on a 6-count charge of conspiracy and stealing of pension funds.

One of the counts reads:

“That you, Wing Commander Ishaka Yakubu ‘m’ while serving as a cashier with the Military Pension Board, Lieutenant Commander Akinbamidele Odunsi ‘M’ being an Assistant Director, computer, while serving with the Military Pension Board, Mrs Abidemi Aderemi Kolade ‘F’ being a Relationship Manager while serving with United Bank for Africa, UBA Plc, Kuforudua Branch- Abuja and Violet Ofoegbunam ‘F’ being a Branch Manager while serving with UBA Plc, Kuforodua Branch-Abuja, on or about February, 2016 in Abuja within the Jurisdiction of the High Court of the Federal Capital Territory, Abuja, while being entrusted with dominion over money belonging to the Nigeria Military Pension Board dishonestly converted to your own use the sum of N339.374million only which was withdrawn from the Military Pension Board Account with pretence that, the said sum represented payments to the supposed next of kin to deceased Nigerian as death benefit, that the said monies were paid and withdrawn in tranches and thereby committed an offence punishable under section 97 of the Penal Code Cap 532 LFN ( Abuja) 1990”..

The defendants pleaded not guilty to the charge.

In view of their plea, counsel to the EFCC, Steve Odiase, asked the court to fix a date for hearing and to remand the accused persons in custody pending trial.

Mr. Odiase invited the court to take note of the fact that, Messrs. Yakubu and Odunsi (1st and 2nd defendants) had on several dates refused to come to court, “an attempt aimed at frustrating efforts to have them arraigned over the alleged offence”.

He urged the court to impose stringent conditions should it be persuaded to admitting the defendants to bail.

However, Mr. Yakubu’s counsel, Patrick Ediale, informed the court of a pending application dated November 2, praying the court to admit his client to bail.

He urged the court to exercise its discretion in favour of the defendant saying, “he is presumed innocent until the contrary is proved”.

Other counsel in the defence also joined in seeking bail for their clients.

Justice Senchi, while ordering the remand of the defendants adjourned to November 13 for hearing of their bail applications.


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  • kenmege

    Heartless souls!! Stealing from the dead soldiers that lay down their lives for the country. This should attract the death sentence.

  • Timothy

    EFCC is really trying….wish they could go after the big fish…Bukola and co.

  • tsunami1earthquake

    Nigerians on the continuous race to outdo one another in thievery. Everybody searches any opportunity to steal, plunder and loot government, public and communal funds; and once open they pounce and steal with both hands and feet!

    It’s a pity, for the horizon shows this will never stop! So any politician telling you he will stop corruption if elected is just lying to you, as you have seen with the present administration.