Arrested former chairman of the Pension Reforms Task Team, Abdulrasheed Maina has started confessing in detention how he spent the N24 billion.

Insiders at the EFCC told us that Maina had started speaking up on how he spent the N24 billion, which the federal government handed over to him in ten commercial banks to use and pay off millions of its retirees across the world.

Our sources added that Maina’s team merely embarked on globe-trotting, sharing the cash with top government officials, under the guise of going round the world to verify the biometric of Nigerian workers.

Documents at the disposal of the EFCC revealed that Maina signed off as approved expenditures and receipts for overseas and local trips by the Pension Reforms Task Team, no fewer than 200 top federal government officials were captured as ‘beneficiaries’ of travelling allowances for trips they did not embark on.

According to the documents, which the embattled official wants to rely on as his evidence of utilizing the huge cash of N24 billion released in 2011 to his team, a former Inspector General of Police, Director-General of the National Intelligence Agency, NIA, a Permanent Secretary in the Presidency, a controversial Head of Service of the Federation, Director of Budget of the Federation, two ex-chairmen of the EFCC and ICPC and hordes of officials have been listed along with their bank details and the amount collected by each for phantom biometric trips.

It was learned that Maina was ready to defend the expenditure by calling some or most of the beneficiaries as his witnesses although he has reportedly denied many of the payments and ownership of most of the houses traced to him.

It was learnt that many of the top government officials who are listed as beneficiaries were aware that Maina’s team had been making payments into their accounts even though they did not make the purported trips.

It did not also summon the courage to reject and return the millions paid into their accounts by the PRTT. It was gathered that most of them had since left public service might still be summoned to account for the public funds.