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Pension administration in Nigeria is an abuse of public trust– Lamorde

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By Lambert Tyem

The spectre of fraudulent activities in pension administration in Nigeria has been described as abuse of public trust. Chairman, Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Lamorde disclosed this while presenting a paper at a workshop organised by the Certified Pension Institute of Nigeria, CIPN in Abuja.
In the paper entitled: “Sustaining the Public Confidence in the Face of Financial Mismanagement and Corruption”, presented on his behalf by Mr. Wakili Mohammed, Director Internal Affairs, Lamorde bemoaned the mind-boggling scam in the office of the Head of Civil Service of the Federation.
According to him, “it was not so much the mind-boggling amount of money that was stolen as the brazen way the looting was carried out and who was doing the stealing that shocked us at the EFCC.”
Lamenting the paradox between the country’s huge natural resource endowment and widespread poverty, the EFCC boss blamed the country’s woes on corruption.
He said the only way confidence could be restored in the conduct of public affairs in Nigeria is through the restoration of family values and aggressive law enforcement.

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