PENCOM, EFCC to prosecute Agency, company’s executives withholding pension deductions


By;  Andrew Orolua, Abuja.
Pencom Commission said Wednesday that it has begun an elaborate collaboration with the Economic and Financial Crime Commission (EFCC) to ensure the prosecution of Agencies and Companies’ executives withholding pension deductions.
Emeka Onuorah, PENCOM spokesman disclosed this on Wednesday just as a Wuse Magistrate Usman Shuaibu  asked  the  Commission to apply for a warrant of arrest of a pension funds administrator (PFA) Chukwuemeka Timothy who had invaded arraignment since May this year after the Police  filed ‘First Information Report'(FIR), against him for criminal conspiracy.
The Nigeria Police filed three count charges of criminal conspiracy, cheating and forgery  against Timothy on May 20th, this year following complaint that the suspect had received the sum of N300,000 from a company and issued it with a fake pencom certificate.
According to the FIR, the alleged offences were contrary to section 322 and 364 of the panel code Law.
The report stated that on May 17, 2016 one Graham Donglas of No 11 starlake close Maitama, Abuja lodged the complain at Maitama Police Station on behalf of Utsola Energy Ltd Abuja that some time in March 2016, her company entrusted the sum of N300,000 to Chukwuemeka Timothy of Investment One Pension Ltd and one Jeff Abdullahi now at large through GTBank account to issue certificate of National Pension Commission (pencom) to their company. But the suspect dishonestly issued a fake and forged certificate.
When the matter was mentioned on Wednesday, PENCOM lawyer, Emmanuel Awa told the Magistrate Shuaibu that though the police prosecutor SP Blessing Ezeala  wrote requesting for an adjournment, the suspect was conspicuously absent in court.
Magistrate Shuaibu while adjourning the matter till October 13 asked Pencom to apply for suspect warrant of arrest.


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