EFCC Arrests Ex-Head of Service for Stealing N240m

 

The Economic and Financial Crimes Commission on Tuesday evening rearrested a former Head of the Civil Service of the Federation, Steve Oronsaye, for alleged corruption and obtaining money  by false pretence, otherwise known as 419.

 

According to a reliable source, ex-Head of Service was arrested at his residence in Abuja. It is alleged that Oronsaye abused his position as Chairman of the Presidential Committee on Financial Action Task Force and obtained a sum of N240million from the Central Bank of Nigeria in 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.

 

Mr. Oronsaye is still being grilled by investigators handling his case. According to another source, a fresh two-count charge had been filed against Mr. Oronsaye at the Federal Capital Territory High Court.

 

The charges 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

 

It would be recalled that Oronsaye had been arraigned before for alleged N6.2billion fraud before a federal court in Abuja. He was later released.