Steven Oronsaye Denies Involvement In Pension Funds

Spread the love

Former head of service of the federation, Steven Oronsaye has denied any involvement in the operation of 66 bank accounts said to have been operated to siphon pension funds.

At the Federal High Court sitting in Abuja, Mr Oronsaye opened his defense in the money laundering case brought against him by the Economic and Financial Crimes Commission (EFCC).

He told the court that, as the head of service of the Federation at the time, he knew nothing about the alleged 66 accounts, as they were not part of his functions.

Led in defense by his lead counsel, Chief Joe Agi, the former head of service told justice Inyang Ekwo that he ran into trouble with EFCC when he appeared before the National Assembly in defense of an executive bill on EFCC at the point when the commission objected to the bill.

Mr Oronsaye said contrary to EFCC’s allegation against him, only staff of the accountant general of the federation had power to sign payment mandate, and denied ever transferring any money from Union bank to Unity bank.

On the alleged abuse of the threshold of contracts sum, Mr Oronsaye explained that there was a presidential approval, adding that EFCC’s investigation into the issue was not thorough, and insisting that if proper investigation had been conducted, it would have revealed the existence of a presidential approval.

Meanwhile, Justice Ekwo fixed May 24, 25 and 26 for the continuation of the defense’s submission and for EFCC to cross-examine the witness.

Mr Oronsaye is being tried, along with others, for allegedly using inflated biometrics enrolment contracts, collective allowances and other schemes to siphon money from accounts in which pensioners’ funds were kept.

×