Tag Archives: Oronsaye

How Oronsaye, Others Diverted N14bn Pension Fund– Witness

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First prosecution witness, Rouqayya Ibrahim, on Tuesday narrated to a Federal High Court in Abuja, how a former Head of Service of the Federation, Mr. Stephen Oronsaye, and some officials allegedly siphoned N14bn pension fund using about 66 illegal bank accounts.

Ibrahim, an investigator and an operative with the Economic and Financial Crimes Commission told Justice Gabriel Kolawole that the fraud was discovered in 2010.

Oronsaye was Head of Service of the Federation between June 2009 and November 2010.

Ibrahim said the methods used for perpetrating the fraud included payments to “ghost” pensioners and disbursements of funds for non-existing contracts.

She also said the scam in which about N14bn pension fund was siphoned was perpetrated through payments of non-existing allowances to fake members of staff and to the National Union of Pensioners and Association of Federal Civil Service Retirees.

The EFCC is prosecuting Oronsaye, Osarenkhoe Afe and three other firms on 35 counts, including illegal acts of “conducting procurement fraud by means of fraudulent and corrupt act on the contract of biometric enrolment”.

Credit: Punch

EFCC Arrests Oronsaye For Fraud, To Be Charged Afresh

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The Economic and Financial Crimes Commission, EFCC, Wednesday night, took into custody a former Head of the Civil Service of the Federation, Mr Steve Oronsaye., over allegation of corruption and obtaining money by false pretence.

 

Oronsaye who is already being prosecuted by the EFCC on 24 counts of money laundering before a Federal High Court, Abuja, is alleged to have abused his position as Chairman of the Presidential Committee on Financial Action Task Force and obtained the sum of N240million from the Central Bank of Nigeria under the guise of assistance to the Committee without the knowledge of other committee members and proceeded to convert the said sum to his personal use.

 

A top source in the EFCC disclosed that the former top bureaucrat who had been on administrative bail over other financial crimes being probed by the agency, was re-arrested at about 4.30 pm on Tuesday.

 

Credit : Vanguard