•Cash traced to five accounts in Fidelity Bank, UAE
The Economic and Financial Crimes Commission has arrested two top bankers over another round of N2.8 billion pension fraud.
Those arrested are said to be staff of a second generation bank in the Abuja Central Business District.
The pension cash, which was lodged in five accounts in the bank was also traced to the United Arab Emirates.
It was learnt that the EFCC was probing the alleged “collaboration” between the two suspects and a former chairman of Pension Reform Task Team, Abdulrasheed Maina.
Findings made by our correspondent revealed that the two bankers were arrested on October 22 following what a source described as “fresh evidence that they are managing proxy accounts for Maina.”
A document on the preliminary investigation by the EFCC reads in part: “The accounts, which have over time witnessed massive inflow of slush funds, include two corporate and three individual accounts.
“The first individual account opened in the name of Abdullahi Faizer had a turnover of N1.5 billion while the other operated in the name of Nafisatu Aliyu recorded a turnover of over N100 million