Pension Scam: Senate Threatens Budget Office DG With Arrest

The Senate Joint Committee on Establishment, Public Service, States and Local Governments has threatened to arrest the Director-General of the Budget Office, Bright Okogu over his failure to honour an invitation to testify before the committee on the ongoing Pension Fund Mismanagement investigation.

Recent investigations by a Pension Special Task Force and the Economic Financial Crimes Commission (EFCC) have revealed that there was gross impropriety in the management of the Pension Funds with over a hundred billion Naira embezzled by government officials responsible  for managing the funds. In an instance it was discovered that a single government official had over 100 bank accounts in a single bank to serve as a conduit for his corrupt practices.

Speaking on Bright Okogu’s failure to testify before the panel, the chairman of the Senate Committee heading the investigation, Aloysius Etok, said, “The Senate has power to invite any individual or corporate institution in any part of the country to facilitate its function”.