EFCC Arraigns Former Head of Civil Service Over N190m fraud

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The Economic and Financial Crimes Commission (EFCC) arraigned a former Head of Nigeria Civil Service, Mr. Stephen Oronsaye, at a Federal Capital High Court in Abuja, over N190m fraud.

The former civil service boss, who is already being prosecuted by the EFCC on 35 count charges of fraud and money laundering involving N2billion before a Federal High Court, Abuja, was arrested about eight months ago but was later released.

In the previous charges, Oronsaye and his co-accused were alleged to have been complicit in several contract awards during his tenure as HoS, using two companies, Federick Hamilton Global Services Limited, and Xangee Technologies Limited, for shady biometrics enrollment deals to the tune of N2 billion.

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In the fresh charges, Oronsaye is alleged to have abused his position as Chairman of the Presidential Committee on Financial Action Task Force to obtained the sum of N240million from the Central Bank of Nigeria under the pretense of assisting the Committee without the knowledge of other committee members and proceeded to convert the said sum to his personal use.

The fresh charge read:

“Stephen Oronsaye a.k.a. Mr. Steve Oronsaye on or about 12th June, 2013 at Abuja within the jurisdiction of the High Court of the  Federal Capital Territory whilst being the Chairman of the Presidential Committee on Financial Action Task Force and in such capacity entrusted with certain property to wit: the sum of N90,000,000.00 ( Ninety Million Naira) committed Breach of Trust in respect of the said sum by converting it to your personal use through the investment of the said sum of N90,000,000.00 in Access Bank Plc’s Bankers Acceptance for a tenor of 90 days at 9.0% interest rate in violation of the extant financial regulations.”

“Stephen Oronsaye a.k.a. Mr. Steve Oronsaye on or about 30th December, 2014 at Abuja within the jurisdiction of the High Court of the  Federal Capital Territory whilst being the Chairman of the Presidential Committee on Financial Action Task Force and in such capacity entrusted with certain property to wit: the sum of N100,000,000.00 ( One Hundred Million Naira) committed Breach of Trust in respect of the said sum by converting it to your personal use through the investment of the said sum of N90,000,000.00 in Access Bank Plc’s Bankers  Acceptance for a tenor of 90 days at 12.0% interest rate each  in violation of the extant financial regulations.”

The Head of Media and Publicity of the EFCC, Wilson Uwujaren said the commission filed the fresh charges against Oronsaye following the completion of its investigation.

Mr. Oronsaye pleaded not guilty to the two counts when they were read to him on Monday but the trial resumes at about 11am today, March 15,2016.

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