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How N700 Million Was Stolen From Bauchi State Pension Fund In One Month


A financial consulting firm identified as DYNATECH Solutions Limited has uncovered a fraud of over N700 million in a single month in the Bauchi State Pension Fund.

DYNATECH Solutions Limited was contracted by the State government to rid its payroll and nominal roll of ghost workers.

The firm made this disclosure on Thursday, September 10, 2020, in Bauchi at the ongoing stakeholders and media parley organized to profer solution to the discrepancies and delay in payment of salaries to Bauchi’s state civil servants.

According to the consulting firm, the sum of N744,000,000 was stolen out of the state’s treasury in one month. They also pointed out that one of the pensioners who was supposed to be paid N34,000 received over N1,500,000 and another one who was supposed to be paid N50,000 got over one million.

Governor Bala Mohammed, reacting to the development, lamented the situation, saying that he will not spare anyone caught in the act of sabotaging his government.

“Many petitioned that some unscrupulous individuals are collecting N250,000 to illegally employ and inflate the state payroll. I won’t spare the local government pension officers, they are responsible for these.

“Surrendering this fight is equal to mortgaging the future of our state,” he said.

Governor Mohammed further said that he was aware of the difficulty some state workers and pensioners were experiencing due to the verification exercise, urging them to exercise some patience.

The governor stressed that the resources of Bauchi would be freed to pave way for the employment of fresh graduates after a decade of state-wide unemployment.

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