Friday, 04 October 2024

EFCC Arrests Ex-Head of Service, Steve Oransaye Over N240m Fraud

Former Nigeria’s Head of Service, Steve Oronsaye, was on Tuesday rearrested by the Economic and Financial Crimes Commission, EFCC for allegedly obtaining money by false pretence and also for corrupt practices.

Oronsaye is accused of obtaining the sum of N240 million from the Central Bank of Nigeria (CBN), using his position as the chairman of the Presidential Committee on Financial Action Task Force.

The former HOS allegedly collected the money on the pretence of giving assistance to the committee without the knowledge of other committee members, but converted the funds for personal use.

“Investigation is almost concluded and the suspect will be charged to court any time from now,” said the source who would not want to be mentioned.

The source added that a two-count charge had already been filed against Oronsaye at the Federal Capital Territory (FCT) High Court.

The two-count charge filed against the country’s former number one civil servant reads: “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.


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