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Reading: Ex-Pension Reform Chief Claims Malami’s Recovered Assets “Not Even One Quarter” of Alleged Stolen Funds
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News

Ex-Pension Reform Chief Claims Malami’s Recovered Assets “Not Even One Quarter” of Alleged Stolen Funds

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Last updated: January 23, 2026 7:30 am
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Published January 23, 2026
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The former Chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina has alleged that assets so far linked to a former Attorney-General of the Federation, Abubakar Malami, represent less than 25% of funds he claims were misappropriated.

Maina made the statement on Thursday in Abuja while receiving a “Rule of Law and Courage Award” from the Garki Branch of the Nigerian Bar Association. He asserted that authorities have only begun to uncover the scale of the alleged diversion.

“Malami allegedly stole a lot of funds. What the government has seen so far is not even one quarter,” Maina claimed. “We can recover these funds from Malami. There are more than what has been seen.”

 

He went on to commend the current administration’s approach, contrasting it with that of the previous government under the late President Muhammadu Buhari. “What is N270 billion? Yes, the government is doing the right thing. There must be accountability, transparency and the rule of law, which is what I see the government doing as against what the last [administration did],” he added.

Maina, who is currently serving a prison sentence for pension fraud, framed his allegations as a call for deeper accountability, urging the government to pursue full recovery of what he described as larger hidden assets.

TAGGED:#Malami #EFCC
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