About N17billion pension cash has been traced to the dismissed chairman of the Presidential Task Force on Pension Reforms Task Team, Mr. Abdulrasheed Abdullahi Maina, with a long list of highly-placed beneficiaries.

The said cash was diverted by Maina from the N24billion budgeted by the Federal Government for payment of pension liabilities through the Presidential Pension Reforms Task Team headed by Maina.

The funds were stolen in five years from 2008 to 2013 in tranches of N2.7billion and N14.374billion respectively. Maina and his cohorts dipped their hands into the till under the guise of phantom biometric verification.

The report titled CR: 3000/EFCC/ABJ/FAFI/VOL.1/ 238 was dated August 1, 2016 and signed by the Acting Chairman of the anti-graft commission, Mr. Ibrahim Magu.

According to the document, Maina perpetrated the fraud through the use of the Collective Allowance System; compilation of ghost pensioners; fictitious contracts at inflated prices to both registered and non-registered companies; and fake pension verification trips.

The document showed a breakdown of how pension funds were shared to finance pension verification teams to ‘South Africa, ‘Ghana’, and the 36 states’ of the federation, ‘zonal levels’ and others to siphon different sums of public funds into their banks accounts in the name of biometric verification.

Out of the N18.4million released to Maina for a trip to South Africa, the Director -General of Budget was allocated N3,056,000 .

The per diem for the trip to Ghana cost N9.1 million out of which a former Director of Defence Intelligence received N1,388,000 through his First Bank account. Two female staff of EFCC got N1,275,000 each as part of the national cake.

While those who went round the 36 states, allegedly collected N160,471,200 from Maina, a few others were paid N15,477,900 for going round the six geo-political zones of the country

The report gave the details of how Maina allegedly collaborated with former Head of the Civil Service of the Federation, Mr. Steve Oronsaye, and two others in N2billion pension funds allegedly mismanaged for biometric contracts.