Pensioners Benefit from Assets Recovered from Looters.

Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has listed Pension Transitional Arrangement Directorate (PTAD) as one of the agencies that benefited from assets recovered from corrupt Government officials. PTAD used the allocated funds to pay pensioners.

He listed the agencies that benefitted from allocation of recovered assets to include Voice of Nigeria, Pension Transitional Arrangement Directorate, North East Development Commission (NEDC), National Social Investment Office and Fiscal Responsibility Commission. 

Magu said he is very committed to the recovery of stolen funds wherever they are located, because the funds need to be utilised through budgetary system to remedy the harm the theft has caused.

Magu declared the commission’s resolve to recover the stolen funds at a session between him and the speaker of the House of Representatives, Femi Gbajabiamila, and other top executives of the country’s anti-corruption agencies at the National Assembly Complex, Abuja.