EFCC to arraign former Head of Service, Oronsaye on Tuesday over N190m fraud

Former Head of Service to the Federal Government, Stephen Oronsaye will on Tuesday be arraigned in court by the Economic and Financial Crimes Commission, EFCC, for alleged N190million fraud.

Disclosing this yesterday, the Head of Media and Publicity of the commission, Wilson Uwujaren said the EFCC filed the fresh charges against Oronsaye following the completion of its investigation.
“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.”