The Economic and Financial Crimes Commission’s witness, Ngunan Khawagh, on Tuesday told an FCT Federal High Court how the former Head of Service, Stephen Orosanye diverted N800m cash of the Presidential Committee on the Financial Action Task Force for his personal use.
Khawagh alleged that Orasanye defrauded the Presidential Committee of Financial Task Force to the tune of N850m.
She claimed that the defendant opened an account with the Access Bank for which he used in siphoning the money which members were not aware of.
“The team wrote a letter to Access Bank requesting for the account opening package and also requested for the statement of account and other information that will aide the commission in its investigation.”
“The bank responded by fashioning the commission with the account opening form signature spacemen form, means of identification and instrument used in opening the account.”
EFCC told the court that it discovered that the account was opened in 2012 with Orosanye requesting for it which he signed as the Chairman of the committee.
“It was also discovered that the Access Bank account was not known to members of the committee and the Central Bank of Nigeria had funded the account through three transfers. The defendant also transferred N45m,” the witness continued.
“The first transfer from CBN was N50m on October 2012, second transfer N90m in May 2013 and the defendant paid 9m five times the same day.”
The anti-graft agency said the first N50m deposit was withdrawn by cheque and given to various people by Orosanye.
“The second N90m was paid through a fixed deposit. N100m was paid into a fixed deposit also.
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