An investigative panel set up in July to probe missing Power Holding Company of Nigeria (PHCN) pension funds, has discovered about 2.2 million pounds (N567 million) stashed in an account in Barclays Bank, in the United Kingdom.
Meanwhile, chairman of the panel, and former Auditor-General of the Federation, Joseph Ajiboye, also revealed that the panel met with difficulty in getting documents relevant to the investigation, including the financial statement of PHCN.
The panel was put together by the former minister of Power, Barth Nnaji, to investigate pension matters in PHCN, including supposedly missing funds from the Superannuation funds, an in house pension scheme being run by PHCN.
News source: businessdayonline
Na wa o!so my question now is who opened the account? May God help us in this country.
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