Home FEATURED OGUN PENSION REFUND, HALF A BILLION NAIRA SAVED ANNUALLY – AUDITOR GENERAL

OGUN PENSION REFUND, HALF A BILLION NAIRA SAVED ANNUALLY – AUDITOR GENERAL

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Ogun State Government has revealed that it saves an estimated amount of Four hundred and Seventy-Seven Million, five hundred and eleven thousand, eight hundred and fifty – one naira (477,511,851.00) annually on pension payments.

This revelation emanated from the recent screening exercise conducted by the Office of the State Auditor General across the State,

The acting Auditor – General, Pastor Babajide Olubanjo in an interview with pressmen pointed out that the screening exercise had afforded Government the opportunity to detect the actual number of pensioners in the State and of those that are now deceased.

“The payment of the sum of N554,753.27 comprising the monthly pensions of late pensioners from the payroll of the respective Treasury cash offices would be  stopped immediately” Olubanjo added.

Olubanjo disclosed that the screening exercise conducted for all pensioners on the State payroll in all the eight (8) Treasury Cash offices, revealed that a total of two thousand, five hundred and Sixty (2560) pensioners did not show up for the exercise as at 22nd March, 2016 as a result, a total of N39,792,654,25 was estimated to be saved monthly in respect of the unscreened pensioners.

The screening team suggested that Government should allow it extend the exercise to health workers as well as the teaching staff in the State to further block more leakages in Government’s expenditure.

He appreciated the State Governor for the opportunity given to his office to conduct the verification exercise, advising the State Government to allow the exercise to be carried out bi-annually.

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