Jocildo Silva Lemos, the president of Amapá Previdência (Amprev), submitted his resignation on Wednesday, marking a significant move shortly after he became the subject of a Federal Police operation. This operation investigates supposed irregularities tied to the state pension fund's investments amounting to around R$ 400 million in financial securities from Banco Master. Allegations suggest that these investments pose a high risk, raising concerns over the safety of public pension resources.

In a statement, Lemos expressed that his resignation was a precautionary step aimed at safeguarding the institution and facilitating the investigations into the matter. He maintained that all decisions and actions taken during his leadership were compliant with legal standards, attempting to defend his tenure amidst serious accusations. The ongoing investigation, known as Operation Zona Cinzenta, has drawn considerable attention to the management practices within the state pension fund.

The implications of this case extend beyond Lemos, as it highlights the complexities and risks involved in public fund management, especially in the context of high-stakes financial investments. As the Federal Police continue their probe into this issue, the situation raises critical questions about oversight in state financial operations and could lead to far-reaching consequences for administrative processes in Amapá's public sector.