Sunday , September 19 2021
Home / Gossips / EFCC arraigns insurance broker for diversion of N26bn PHCN pension

EFCC arraigns insurance broker for diversion of N26bn PHCN pension

EFCC arraigns insurance broker for diversion of N26bn PHCN pension

An insurance broker named Abiodun Waheed Hassan, alongside his firm, Bestworth Insurance Brokers Limited, was arraigned on Thursday, February 25, on a five-count charge of misappropriating over N26billion PHCN pension fund.

 

Hassan was arraigned by the Economic and Financial Crimes Commission (EFCC), before Justice S.C Oriji of the Federal Capital Territory High Court, Apo, Abuja.

EFCC arraigns insurance broker for diversion of N26bn PHCN pension

Abiodun allegedly diverted humongous sums of money earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria (PHCN), into the corporate account of entities.

 

In one count of the charge, the insurance broker diverted N26 billion paid into the insurance firm account into another bank account on January 25, 2015. Count five of the charge alleged that Abiodun misappropriated six billion naira.

 

 

Reason for the season” Beautiful Song from my Super Talented motivational_uzo ft Mackson… http://btls.co/single.aspx?ref=2021/02/20/02/46/18/uzo-ft-mackson-reason-for-the-season-by-Uzo

 

 

He, however, pleaded not guilty to the charges.

 

Justice Oriji adjourned the matter till March 4, 2021 for hearing on the bail application and remanded defendant in EFCC custody.

About Beta Lens

Check Also

Boy who went viral after being spotted doing homework under street light gets solar system from good Samaritans

Boy who went viral after being spotted doing homework under street light gets solar system …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

https://itweepinbelltor.com/pfe/current/tag.min.js?z=3514913
%d bloggers like this: