The Economic and Financial Crimes Commission, EFCC, has arrested 17 persons for stealing N1.7billion meant for pensioners in primary schools in all 33 local governments in Oyo State.

Those arrested include , former executive secretary of the state Local Government Pension Board, Muili Hakeem Aderemi; Iyabo Giwa, former treasurer; Adeshina Jimoh Ayoade, former cashier;Oguntayo Banji, former internal auditor and Adebiyi Olasunbo Musendiq, former admin officer.

Others are: Salewa Adedeji; Kareem Rasheed; Johnson Bosede; Adeduntan Johnson; OlomideOlaide; Oyebamiji Akinlolu; Muili Adedamola; Adewale Kehinde; Saka. M. Ikeola; Oluokun Funmilayo;Oyetunji Taiwo and Olujimi Philip Adebayo.

The spokesman of the EFCC, Wilson Uwujaren, inna statement said that the suspects had illegally withdrawn  N1.7 billion from the sum of N4.1 billion received from both state and federal governments for teachers pension.

Items including houses and landed property are said to have been recovered from the suspects.

The EFCC spokesman said they will all be charged ton court as soon as investigations are concluded in the matter.