Oronsaye Fixed Govt Fund In Personal Account - Witness
Thu Apr 14, 2016 09:25:am National
1.7K By sosa hills
An employee of Access Bank Plc, Olubunmi Ojoko, on Wednesday, narrated how a former Head of Service, Mr. Stephen Oronsaye, used the Federal Government's N190m which he allegedly kept in a secret account in his capacity as the then Chairman of the Presidential Committee on Financial Action Task Force.
In press statement signed by the Head of Media and Publicity of the Economic and Financial Crimes Commission, EFCC, Wilson Uwujaren, read:
"The trial of the former Head of Service of the federation and Chairman of the Presidential Committee on Financial Action Task Force (PCFATF), Steven Oronsaye, continued on Wednesday April 13, 2016 before Justice O. O. Goodluck of the FCT High Court sitting in Maitama, Abuja.
"Oronsaye is being prosecuted on a 2 count charge of abuse of office and obtaining by false pretence preferred against him by the commission.
"As the Chairman of the PCFATF, Oronsaye, allegedly converted the total sum of N190 million belonging to the Committee to personal use by fixing the said sum in personal account in one of the new generation banks."
The statement added "At an earlier sitting on March 15, 2016, the EFCC presented its first witness (PW1), Ngunan Kakwagh, an operative of the EFCC, who told the court how Oronsaye, opened an account in Access Bank Plc in the name of the Presidential Committee on Financial Action Task Force, into which he received funds from the Central Bank of Nigeria, CBN and converted a total sum of N190 million to personal use by investing the said sum in various fixed deposit accounts.
"After the PW1's testimony, the defence, represented by Joe Agi, SAN, sought leave of the court to move his pending bail application and allow for an adjournment to continue cross examination of the witness.
In press statement signed by the Head of Media and Publicity of the Economic and Financial Crimes Commission, EFCC, Wilson Uwujaren, read:
"The trial of the former Head of Service of the federation and Chairman of the Presidential Committee on Financial Action Task Force (PCFATF), Steven Oronsaye, continued on Wednesday April 13, 2016 before Justice O. O. Goodluck of the FCT High Court sitting in Maitama, Abuja.
"Oronsaye is being prosecuted on a 2 count charge of abuse of office and obtaining by false pretence preferred against him by the commission.
"As the Chairman of the PCFATF, Oronsaye, allegedly converted the total sum of N190 million belonging to the Committee to personal use by fixing the said sum in personal account in one of the new generation banks."
The statement added "At an earlier sitting on March 15, 2016, the EFCC presented its first witness (PW1), Ngunan Kakwagh, an operative of the EFCC, who told the court how Oronsaye, opened an account in Access Bank Plc in the name of the Presidential Committee on Financial Action Task Force, into which he received funds from the Central Bank of Nigeria, CBN and converted a total sum of N190 million to personal use by investing the said sum in various fixed deposit accounts.
"After the PW1's testimony, the defence, represented by Joe Agi, SAN, sought leave of the court to move his pending bail application and allow for an adjournment to continue cross examination of the witness.
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