ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Sunday, February 28, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Document counters Auditor-General’s denial of report indicting Oronsaye for N123Billion Fraud

Steve Oronsaye and the damning report

Ex-Head of Service, Steve Oronsaye, rearrested

byIbanga Isine
March 8, 2016
2 min read
ADVERTISEMENT

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.

The rearrest came about eight months after a federal court in Abuja ordered him released from detention after he was docked for alleged N6.2billion fraud.

Reliable sources at the EFCC said the retired bureaucrat was picked up from his Abuja residence at about 4.30 pm Wednesday concerning a different case.

Mr. Oronsaye who is already being prosecuted by the EFCC on 24-count charge 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 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.

As at the time of filling this report as at 6:50PM, Mr. Oronsaye, our sources said, was still being grilled by investigators handling his case.

“What we are doing now is simply dotting the ‘I’ and cross the ‘ts’. Investigation is almost concluded and the suspect will be charged to court any time from now,” one of our sources said.

Another source said  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

“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”.

RelatedNews

New EFCC Chair: Malami may not allow Bawa operate independently -Sagay

Alleged N2billion Fraud: Court dismisses Maina’s request for fresh bail

VIDEO: What Bawa told Senate about himself

EFCC: Bawa speaks on corruption allegations, relationship with Magu

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (14)
premiumtimes



PT Mag Campaign AD

Previous Post

Nigerian govt. to unveil framework for managing recovered Abacha loot

Next Post

Nigerian govt unbundles state oil company, NNPC, into 7 units

Ibanga Isine

Ibanga Isine

More News

Wole Soyinka

Soyinka laments abduction of students, warns its becoming a culture

February 28, 2021
Nigeria to receive COVID-19 vaccines Tuesday – Official

Nigeria to receive COVID-19 vaccines Tuesday – Official

February 28, 2021
Vector of Lassa fever

Amidst COVID-19, Lassa fever death toll rises in Nigeria

February 27, 2021
Ali Modu Sheriff

I will contest APC chairmanship if zoned to North-east – Modu Sheriff

February 27, 2021
Governor Abubakar Bello addressing the released students and staffs of GSC Kagara, on 27th Fed, 2020 at Govt House Minna, [Photo credit: Mary Noel-Berje]

Niger Govt revises number of rescued Kagara schoolboys, silent on ransom

February 27, 2021
Armed bandits [PHOTO CREDIT: The Guardian Nigeria]

Four killed, chief imam, 25 others kidnapped in fresh attack on Kagara

February 27, 2021
Next Post
President Buhari assures French investors of favourable business environment

Nigerian govt unbundles state oil company, NNPC, into 7 units

Nigerian Army general dies in auto crash

Nigerian Army general dies in auto crash

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,625,869 other subscribers.

Advertisement






netherland biz school Advert

Zenith Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.