The Economic and Financial Crimes Commission, EFCC has arraigned an insurance broker, Bestworth Insurance over diversion of N26bn earmarked as benefits for the staffs of the defunct PHCN.
The sum which was for the payment of outstanding insurance bonuses and claims of deceased and incapacitated staff of PHCN was allegedly diverted into corporate accounts of entities.
The commission arraigned Bestworth Insurance Brokers on a five-count charge of alleged criminal infringement of trust and misuse of the said funds.
The defendant pleaded not guilty.
In connection to the current diversion, last week the EFCC also arraigned Bureau of Public Enterprises, BPE, Benjamin Ezra Dikki over N1bn.
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The Concerned Pensioners, CPP, an auspice of PHCN pensioners, has made appeals to the Federal Government to mediate on their behalf on benefits failures by the Nigeria Electricity Liability Management Limited, NELMCO.
On the other hand, the EFCC has stirred several inquests and has made PHCN fraud-related arrests in the last years.
Mohammed Waki was one of the recent arrests by the EFCC over PHCN fraud. The commission had arraigned the minister in a different case alongside four others in 2018.
The group allegedly collected unlawful fund amounting to $115 million from the former Minister of Petroleum Resources, Diezani Alison-Madueke.
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The Senate is also investigating a case of missing N27bn which is part of the benefit for ex-staff PHCN.