The Minister of Finance,Dr Nkgozi Okonjo-Iweala has debuked rumours of missing billions from the Police Pension Fund.In a statement by her Special Adviser on Media Mr Paul Nwabuikwu,the Minister said the report of missing funds were false.
The statement read"Contrary to media reports,the sum of N24 billion is not missing from the Police Pension Fund.Of the amount in the account,N23 billion was discovered to be an over-estimation of pension arrears.The money was subsequently returned to the government coffers as is the standard practice"Okonjo-Iweala said.
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