EFCC Probes Former Kano Governor Kwankwaso Over Alleged N2.5bn Pension Fraud

The Economic and Financial Crimes Commission (EFCC) is investigating former Kano State Governor Rabiu Kwankwaso over allegations of a N2.5 billion pension fraud. According to sources within the anti-graft agency, Kwankwaso has been summoned and interrogated regarding the alleged misappropriation of pension funds.

A source familiar with the matter but unauthorized to speak publicly stated, “The commission invited Kwankwaso over the alleged N2.5bn Kano pension funds. We have grilled Kwankwaso over the matter, and he has provided some details to interrogators.”

Another insider confirmed the ongoing investigation, noting, “Former Kano governor, Kwankwaso has been invited by the commission. He has been grilled, and we’re continuing with our investigation.”

However, EFCC spokesperson Dele Oyewale declined to comment on the ongoing probe.

This development follows a previous report in March 2023 when the Abuja Zonal Command of the EFCC handed over documents of properties and 324 houses recovered for Kano State pensioners. The properties were forfeited following a final court order by Justice I.E. Ekwo of the Federal High Court in Abuja, after successful investigations by the EFCC into the misappropriation of a N4.1 billion Pension Trust Fund.

The EFCC investigation was triggered by a petition from Concerned Kano State Workers and Pensioners, alleging the misuse of pension funds. The state government had entered into a tripartite agreement with the Kano State Pension Trust Fund to build housing estates worth N41 billion, of which N4.1 billion was contributed by the Pension Trust Fund. However, these funds were allegedly misappropriated, with two former governors, including Kwankwaso, accused of fraudulently selling the houses to their associates, leaving the pension trustees with uncompleted projects.

During the handover of the 324 recovered properties worth N4.1 billion to the pensioners in March 2024, the EFCC’s Abuja Zonal Commander, Assistant Commander Adeniyi Adebayo, reaffirmed the agency’s commitment to eliminating fraudulent practices. Representatives of the Kano State Pension Board expressed their gratitude to the EFCC for recovering the houses.

The investigation into Kwankwaso’s alleged pension fraud comes amidst political tensions between the ruling New Nigeria People’s Party (NNPP) led by Kwankwaso in Kano and the All Progressives Congress (APC) headed by former governor Abdullahi Ganduje.

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