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EFCC charges military officers, bankers with N339m pension fraud

The Economic and Financial Crimes Commission has charged two military officers and two officials of the United Bank of Africa Plc with fraud involving about N339m allegedly siphoned from the Military Pensions Board in February 2016.

In the four counts filed  before the High Court of the Federal Capital Territory, Abuja, the four defendants were alleged to have obtained N339,374,478.58 from the MPB under the pretence that the money represented payments to the “supposed next of kins to dead military pensioners as death benefits.”

The two military officers named as defendants in all the four counts  are a cashier with the MPB, Wing Commander Ishaka Yakubu; and an Assistant Director, Computer, with the pension board, Lt. Commander Akinbamidele Odunsi.

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