MPB not aware of any missing #2.5 billion; Says allegation of illegal transfers blatant falsehood; has no records of names listed as beneficiaries. 

Authorities of the Military Pensions Board in Abuja have decried as ‘outrageous and deliberate falsehood’, a publication in some online media alleging that a sum of #2.5 billion is missing and was looted on the day the former service chiefs retired from service. 

Emphasizing that no military pension’s funds were missing, the Military Pensions Board said it has no link with the names published in the false publication adding, “There are no records of the names listed in the publication at the Military Pensions Board.

 Furthermore, the MPB stated that contrary to insinuations in the publication, Military Pensions Administration in Nigeria is in safe hands and no fund is missing.

 A statement signed on Wednesday by Flight Lieutenant Olayinka Lawal, Public Relations Officer said, “Attention of the Military Pensions Board has been drawn to an outrageous and spurious publication in the social media purporting that an imaginary whooping sum of N2.5billion of MPB funds were shared or looted by some persons. 

“The Military Pensions Board (MPB) wishes to inform our esteemed pensioners and all Nigerians to disregard, in totality, the deliberate  falsehood being peddled by these online and social media news outlets that such amount of money was misappropriated by the MPB in conjunction with some “top Military Chiefs”.  “For the avoidance of doubt, it is important to state clearly that no fund is missing and no amount of money was illegally transferred from MPB account at the CBN to anyone within or outside Nigeria, apart from qualified military retirees or their NOKs. Our operations are transparent and the records are up to date.

“The MPB has no link with the names published in the false publication. There are no records of the names listed in the publication at the Military Pensions Board.

“Although, MPB would have simply ignored the blatant lie peddled by these agents, but has chosen to set the records straight and defend itself in the court of public opinion. Nigerians are please urged to inquire from qualified military pensioners across the country on the promptness of the payment of their entitlements.

 “As at today, MPB does not owe any pensioner monthly pensions and will continue to work assiduously to ensure that the standards are maintained. 

“Finally, our esteemed retirees are assured of our devotion to sustain the prompt payment of all entitlements of military retirees or their NOKs in a transparent and accountable manner and to uphold principles of fairness and service to humanity in the discharge of the Board’s mandate.”


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