Published On: Wed, Mar 15th, 2017

Ex-banker charged for Nigeria pensions fund scam

courtABUJA, (CAJ News) – NIGERIA’S anti-corruption agency has charged a former banker for allegedly defrauding the government of more than N78 million (US$248 000) meant for pensioners.
Yemi-Aris Olaniran, formerly of the Skye Bank, appeared before the Justice Babatunde Quadri, of the Federal High Court 10, Maitama in Abuja on a 24 count-charge preferred against him by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
It is alleged he allegedly transferred the money from the Federal Government Pension funds into private accounts held by non-pensioners in contravention of Section 15 (2) (b) of the Money Laundering Act 2011.
Counsel to the ICPC, Adesina Raheem, told the court Olaniyan, while working as a staff of Skye Bank, Gwagwalada-Abuja, between October 2011 and March 2013, surreptitiously opened 50 bank accounts into which he made several transfers of funds.
The alleged funds ranged from N1 million to N11, 2 million.
Olaniran pleaded not guilty to all the charges.
The case has been adjourned to April 11.
CAJ News

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