A prosecution witness has made allegation that Abdulrasheed Maina, the erstwhile chairman of the extinct Pension Reform Task Force Team, allegedly looted N14 billion worth of pension funds in a scheme with one former head of service.
The witness, Rouqquaya Ibrahim told a federal high court in Abuja that Maina and Stephen Oronsaye, who was head of service from 2009 to 2010, allegedly cloak the funds through more than 60 bank accounts.
The Economic and Financial Crimes Commission (EFCC), is arraigning Maina on a 12-count charge bordering on money laundering valued at N2bn.
Judge Okon Bang had commanded the commencement of the lawsuit after his extended absence from court since he was released on bail.
In the middle of litigation on Wednesday, Ibrahim, the ninth prosecution witness who is also an EFCC investigator, told the court that the investigation team discovered that “Abdulrasheed Maina was deeply involved in stealing pension funds”.
The witness also stated that investigations exposed how Maina paid pension funds into the private accounts opened by Oronsaye.
Speaking further, she said the office of the accountant-general of the federation (AGF) had confirmed that there was no authorization 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.”