Police Pension Office Can’t Account For N24bn –DG

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Members of the  House of Representatives Committee on Public Accounts were yesterday told by the Director General of Pension Transitional Arrangement Department (PTAD), Mrs Nellie Mayshak, that there was no clue to the whereabouts of N24 billion released from Service Wide Vote in 2010 for Police Pension Fund.

Mayshak, who said she had not mounted the saddle when the money was released stated that there was no documentary evidence on how the money was expended.

“We have no evidence, we have no record. It just looked bad on our part. We will rather tell you the truth or make it up,” she said.

The committee members were shocked as she explained that her office was not in a position to trace the money.

Miffed by the revelation, the committee summoned the Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, the Accountant General of the Federation, Mr. Jonah Otunla, Auditor General of the Federation, Mr. Samuel Ukura and the Director General Budget Office, Dr. Bright Okogwu, to appear before it.

The committee specifically asked the director general budget office to come before it with  a memo showing the request for the missing N24 billion, and also asked the First Bank to show how much was deposited in the bank and how much was disbursed and as well come up with the bank details  of the transaction.

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