Nigerias Minister of Finance Dr Ngozi Okonjo-Iweala yesterday - TopicsExpress

Nigerias Minister of Finance Dr Ngozi Okonjo-Iweala yesterday condemed reports that money was stolen from the Police Pension Fund. In a statemend by her Special Adviser on Media, in Abuja, She said that the alleged N24 billion fraud was all false and all is in place. She said: “Contrary to media reports, the sum of N24 billion is not missing from the Police Pension Fund,’’ The statement continued by revealin that Okonjo-Iweala had told the Senate Joint Committee on Pensions Administration at a public hearing to freeze the account so as to prevent future fraud. The order was made when suspicious transactions occured and she said: “Of the amount in the account, N24 billion was discovered to be an over-estimation of pensions arrears. “The money was subsequently returned to government coffers as is the standard practice,’’ Okonjo-Iweala said. READ MORE: news.naij/61671.html

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