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Breaking: Efcc Re-arrests Former Head Of Service, Steve Oronsaye

Source: thewillnigeria.com
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SAN FRANCISCO, March 08, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) has re-arrested a former Head of the Civil Service of the Federation, Steve Oronsaye, for alleged corruption and obtaining money by false pretence

Oronsaye was arrested on Tuesday evening at his Abuja residence about eight months after a federal court in Abuja ordered him released from detention after he was docked for an alleged N6.2billion fraud.

Reports indicate that Oronsaye 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 (CBN) 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.

EFCC sources reveal a fresh two-count charge had been filed against Mr. Oronsaye at the Federal Capital Territory High Court.

The charges bothered on Breach of Trust in respect of the sum of N90,000,000.00, he was entrusted with, which he allegedly converted to personal use through an investment 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 and another N90,000,000.00 in Access Bank Plc's Bankers Acceptance for a tenor of 90 days at 12.0% interest rate from the sum of N100,000,000.00 entrusted with him.

EFCC had arrested and charged him on a 24-count charge of stealing in July 2015 but was released by a court order.

Story by David Oputah