ADVERTISEMENT
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here
  • Login
National Insight News
Advertisement
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
National Insight
No Result
View All Result
Home Featured

N4.1billion Property Fraud:  EFCC Recovers, Hands over 324 Houses to Kano Pensioners

by NationalInsight
March 19, 2024
in Featured, News
Reading Time: 2min read
0
1
SHARES
374
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The Abuja Zonal Command of the Economic and Financial Crimes Commission, EFCC, has handed over documents of properties and 324 houses recovered for Kano state pensioners to them.

The handing over of the houses, occasioned by a final forfeiture order granted by Justice I.E. Ekwo of the Federal High Court sitting Abuja, was a result of successful investigations carried out by the Commission over a N4.1billion Pension Trust Fund contributed by the pensioners to own houses, which was fraudulently denied them by two successive administrations in Kano State.

The Commission investigated a petition by Concerned Kano State Workers and Pensioners of alleged misappropriation of pension funds in the state. Findings by the EFCC showed that the state government entered into a tripartite agreement with the Kano State Pension Trust Fund to build housing estates for an aggregate sum of N41billion (Forty One Billion Naira), out of which the Pension Trust Fund was to contribute N4.1billion (Four Billion One Hundred Million Naira).

However, the contribution of the pensioners was used to build the houses in three estates located in Sheikh Ja’afar Mahmud Adam Bandirawo city, Sheikh Nasiru Kabara (Amana) city and Sheikh Khalifa Ishaq Rabiu city, all in Kano state and two former governors of the state fraudulently discounted and sold the houses to their cronies and associates,  leaving the pension trustees with low budget and uncompleted houses. The EFCC stepped in and upon completion of investigation, filed for and acquired a final forfeiture order of the 324 properties to the Kano State Pension Fund Trustees.

You might also like

DESMOND ELLIOT: A WARM BUT VILIFIED LEADER// By  Bassey O. Osung

APC Fixes May 9, 10 for NASS Aspirants’ Screening

Judicial Housing Won’t Affect Independence of Courts, Wike Insists

Load More

While handing over the documents of the 324 properties worth N4.1billion to the pensioners on Monday, March18, 2024, the Abuja Zonal  Commander of the EFCC,  Assistant Commander of the EFCC, ACE I Adeniyi Adebayo assured that the EFCC would continue to do its best to rid the nation of fraudulent practices. Representatives of the Kano State Pension Board, Alhaji Hassan Muhammed Aminu,  Kubra  Ahmad Bichi and Salisu Yakubu Abubakar, who received the documents on behalf of the workers and pensioners, expressed delight and joy with the EFCC for assisting them in recovering their houses.

author avatar
NationalInsight
See Full Bio
ALSO READ  EFCC, NJI, Stakeholders Seek Legislation on Unexplained Wealth
Tags: ACE I Adeniyi AdebayoAlhaji Hassan Muhammed AminuEFCCKano stateKano State Pension BoardKubra  Ahmad BichiPensionersSalisu Yakubu Abubakar
Share12Tweet8Send
Previous Post

Prof. Ayo Hammed to Deliver UI’s 546th Inaugural Lecture Thursday

Next Post

Kano to Spend N6bn on Ramadan Feeding

NationalInsight

NationalInsight

Related Posts

Hon Desmond Eliot
Featured

DESMOND ELLIOT: A WARM BUT VILIFIED LEADER// By  Bassey O. Osung

by NationalInsight
May 8, 2026
202
#image_title
Featured

APC Fixes May 9, 10 for NASS Aspirants’ Screening

by NationalInsight
May 8, 2026
119
#image_title
Featured

Judicial Housing Won’t Affect Independence of Courts, Wike Insists

by NationalInsight
May 8, 2026
107
Tunji Disu Appointed Acting IGP as Tinubu Accepts Egbetokun’s Resignation
Featured

IGP Disu Orders Statewide Town Hall Meetings to Deepen Community Policing

by NationalInsight
May 8, 2026
103
#image_title
Featured

Peter Mbah Emerges New Chairman of Progressive Governors Forum

by NationalInsight
May 8, 2026
108
Next Post
Abba -Kabir-Yusuf, Kano State Governor

Kano to Spend N6bn on Ramadan Feeding

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Post

Hon Desmond Eliot

DESMOND ELLIOT: A WARM BUT VILIFIED LEADER// By  Bassey O. Osung

May 8, 2026
202
#image_title

APC Fixes May 9, 10 for NASS Aspirants’ Screening

May 8, 2026
119
#image_title

Judicial Housing Won’t Affect Independence of Courts, Wike Insists

May 8, 2026
107
National Insight News
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here

Recent Posts

  • DESMOND ELLIOT: A WARM BUT VILIFIED LEADER// By  Bassey O. Osung
  • APC Fixes May 9, 10 for NASS Aspirants’ Screening
  • Judicial Housing Won’t Affect Independence of Courts, Wike Insists

Copyright © 2020 National Insight News

No Result
View All Result
  • Politics
  • Entertainment
  • News
    • Business
    • Health
    • Tourism
  • Sports
  • Contact Us
  • Privacy Policy

Copyright © 2020 National Insight News

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
WP Twitter Auto Publish Powered By : XYZScripts.com