A witness has alleged that Abdulrasheed Maina, former chairman of the defunct Pension Reform Task Force Team, who is currently facing money laundering charges, looted N14 billion worth of pension funds in connivance with a former head of service.
The witness told a federal high court in Abuja that Maina and former head of service between 2009 and 2010, Stephen Oronsaye, allegedly stole the funds through 66 bank accounts.
Maina is facing a 12-count charge bordering on money laundering to the tune of N2bn and is being prosecuted by the EFCC.
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Okon Abang, a judge, had ordered the commencement of trial following Maina’s prolonged absence from court since he was released on bail.
At the trial on Wednesday, Rouqquaya Ibrahim, the ninth prosecution witness who is also an EFCC investigator, told the court that the investigation team found that “Abdulrasheed Maina was deeply involved in stealing pension funds”.
She disclosed how investigations revealed that Maina paid pension funds into the private accounts set up by Oronsaye.
She also added that the office of the accountant-general of the federation had confirmed that there was no approval for the opening of the accounts which were in the ex-HOS’s office’s name.
“Part of what our investigation revealed was that the head of service, Mr Stephen Oronsaye, at that time was operating 66 illegal accounts,” she said.
“They were stealing money from the pension accounts of the head of service of the federation. In total, we were able to establish that N14 billion was stolen from the pension accounts.
“Pension funds would be paid into those accounts after which they would withdraw cash and hand over to the persons who asked them to give the account numbers.”
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