In the month of October, 2014, the Audit Department together with the Credit Department of the Fund undertook an exercise to arrest some contributors to the Fund who attempted to access credit facilities with fraudulent pay slips.
The culprits with the help of some middlemen (usually IT experts) redesign their pay slips by manipulating figures of their monthly salaries on the slips. These forged pay slips are then presented to the Fund to enable the culprits to access various sums of loans that they are not entitled to.
Owing to the vigilance of the Audit Unit coupled with the robust internal mechanisms put in place to scrutinize documents before approval, these fraudulent acts were detected.
Management subsequently reported to the police and a road map was drawn to apprehend the culprits.
On the 14th of October, 2014, thirty (30) of them were rounded up and arrested from their various teaching posts and brought to Accra.
Majority of the accused were from Suhum in the Eastern Region.
The Cantonment police briefed the media about the operations and paraded the accused persons. They were subsequently granted bail.
The accused persons were later brought to the premises of the Fund where the Board Chairman and other management members addressed them.
They were cautioned to desist from such criminal acts and asked to send the message to others who intend engaging in such unwarranted acts.