EFCC arrests suspended DG, others for N2.5bn fraud
Written by Morenike Adebayo on April 20, 2016
The Economic and Financial Crimes Commission has arrested the suspended Director-General, of the Pension Transitional Arrangement Directorate, Nelly Mayshak, and three others, Yoab Youssoufou, Patricia Iyogun, and Ruth Imonikhe for a N2.5bn fraud.
According to sources at the EFCC, investigations into the alleged fraud revealed that Mayshak allegedly misappropriated about N2bn that was left in the pensions’ account of the Head of the Civil Service, Nigeria Immigrations Service, Nigeria Customs Service, and Nigeria Prisons Service.
it was also gathered that She also allegedly embezzled about N500m meant as the take-off grant for PTAD. The alleged scam, which borders on procurement fraud, was committed during her three-year tenure.