Oyo arraigns officials over N1.6bn pension fraud

Ten persons were arraigned for alleged involvement in Oyo State pension scam.

Ten people were, on Monday, arraigned before Chief Magistrate’s Court 4, Iyaganku, Ibadan, over a N1.6 billion pension scam discovered in the state’s civil service last year.

The Chairman of the Oyo State Pension Management Board, Lasisi Ayankojo, blew the whistle on the alleged fraud, fingering some senior government officials among the culprits.

The accused persons arraigned before Tijani Durosaro, the presiding magistrate, on Monday, are Hakeem Muili, Iyabo Giwa, Adeduntan Johnson, Oguntayo Banji, Adesina Jimoh, Johnson Bosede, Adebiyi Olasumbo, Kareem Rasheed, Muili Adedamola and Salewa Adedeji.

They were arraigned on a nine-count charge of conspiracy to steal, and stealing of local government funds to the tune of N1.6 billion.

The sum was said to have been fraudulently withdrawn from the purse of the Oyo State Local Government Pension Board by the accused persons and others now at large.

After reading the content of the charge, the accused persons pleaded not guilty before the court.

The magistrate granted them bail with N2 million each and two sureties in like sum before adjourning till March 19 for mention. However, due to their inability to perfect their bail terms, the magistrate ordered that the suspects be remanded in Agodi prison.

She also ordered that each of the surety must have a Certificate of Local Government of Origin, or a Certificate of Occupancy in respect of a landed property within the jurisdiction of the court, or an account with any of the reputable banks in Oyo State, or Certificate of Business Registration.

NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie - +2347088095401

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.