By producing and disseminating consumer education materials
about the risks of
pension advances, CFPB has taken an important step to inform consumers, and thereby potentially mitigate the exploitation of consumers.
«That you Mohammed Ahmed Katun while serving as an Assistant Director,
Pension Department of the Office of Head of Service of the Federation on or
about the 14th day of August, 2009 within the jurisdiction of this Honourable Court, obtained by false pretences and with intent to defraud various sums of money amounting in the aggregate to N24, 660,675.00 (Twenty Four Million, Six Hundred and Sixty Thousand, Six Hundred and Seventy Five Naira only) from the Federal Government of Nigeria through the
Pension Account held by the Office of the Head of Service of the Federation of Nigeria through fraudulent payments described as collective allowances into your bank account maintained with Ecobank Nigeria Limited (former Oceanic International Bank Plc) and thereby committed an offence contrary to Section 1 (1)(a) of the
Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the
Advance Fee Fraud and Other Fraud Related Offences Act, 2006.»