Following the uncovering of over N157 billion pension fraud, Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, on Tuesday drew the battle line. He said the EFCC will put an end to the rot in the nation’s pension system. EFCC’s Director of Operations Abdulkarim Chukkol confirmed that the anti-graft agency had investigated alleged pension fraud cases of over N157 billion. Bawa, who spoke in Abuja at the opening of a two-day sensitisation programme on eradication of pension fraud in Nigeria, said the commission would enforce the laws against fraud. He said: “Nigeria, for many years, operated the Defined Benefit Scheme until 2004 when the administration of President Olusegun Obasanjo came up with the pension industry reforms that heralded the Contributory Pension Scheme (CPS). “At the time, the new scheme was considered the antidote to fix all the problems and imperfection of the old order. But two decades into operating the CPS, it is obvious that while we may have taken some steps forward, we are still very far from our destination.