Wednesday, April 20, 2016 7:28 am
Nelly Mayshak, the suspended Director General of the Pension Transitional Arrangement Directorate (PTAD) is chatting with the operatives of the Economic and Financial Crimes Commission over an alleged N2.5 billion fraud.
The anti-graft agency arrested her and three of her staff who it alleged served as front for her in the award of fictitious contracts.
Mayshak was suspended indefinitely in March over allegations of fraud uncovered in the PTAD.
The directorate is an independent pension agency established in August 2013 to oversee management of pensions under the Defined Benefit Scheme for pensioners who are not part of a new contributory scheme.
Mayshak allegedly misappropriated about N2 billion of the N2.5 billion.
She inherited the money from the pension’s account of the Head of the Civil Service (HOSF) mainly meant for Nigerian Immigrations Service (NIS) Nigeria Customs Service (NCS), and Nigeria Prisons Service (NPS).
She is also said to have embezzled about N500 million meant as take-off grant for PTAD. The source said the alleged fraud was committed in the award of phoney contracts during her three-year tenure.
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