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EFCC arraigns Oronsaye, others for N1.2bn fraud

meira by meira
July 14 2015
in Financial Crimes, Uncategorized
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The Economic and Financial Crimes Commission on Monday arraigned a former Head of Service of the Federation, Mr. Stephen Oronsaye, and others for alleged fraud and money laundering offences involving N1.2bn.
Another accused person arraigned along with one of the firm’s through which the money was siphoned from the Federal Government’s account – Fredrick Hamilton Global Services Limited – was the firm’s Managing Director, Osarenkhoe Afe, among others.
The accused persons all pleaded not guilty to the 24 counts preferred against them when they appeared before Justice Gabriel Kolawole on Monday.
Shortly after their arraignment, Justice Kolawole released them to go home, pending the hearing of their bail application scheduled for July 21.
But the judge ordered that their release would be effective upon filing of a written undertaking by the defence counsel within 48 hours and an assurance to produce the accused persons in court at the next hearing date.
The accused persons allegedly collaborated in defrauding the Federal Government to the tune of N118,992,201.6 under the guise of paying the money in tranches for the contract of biometric data capture project between March 2010 and December 2011.
The fraud was allegedly perpetrated through the award and payment for fake contracts to nine companies including, Innovative Solutions, Fredrick Hamilton Global Services, Xangee Technologies Limited, Fatideck Ventures, Obalando Nigeria Enterprises, Moshfad Enterprises and Fesbee Global Resources Limited.
Other companies through which the accused persons allegedly siphoned the money from the Federal Government included Jolance Integrated Concept Limited and M.OF Investment Limited.
One other person, who was allegedly involved in the fraud, Abdulrasheed Maina, was said to be on the run.
The accused persons were charged under section 14 of the Money Laundering (Prohibition) Act, 2004 and section 1(1) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
The fraud offences were said to be punishable under 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
Two of the 24 counts read, “That you Stephen Oronsaye, Abdulrasheed Abdullahi Maina (now at large), Osarenkhoe Afe and Fedrick Hamilton Global Services Limited on about July 2, 2010 in Abuja, within the jurisdiction of this honourable court collaborated in disguising genuine nature of the sum of N161,472,000 derived from an illegal act to wit: conducting procurement fraud by means of fraudulent and corrupt action the contract extension of biometric enrolment purportedly awarded to Innovative Solutions Limited by Office of the Head of Service of the Federation without due process and you thereby committed an offence punishable under section 14(1)(b) of the Money Laundering (Prohibition) Act, 2004.
“That you, Stephen Oronsaye and Abdulrasheed Abdullahi Maina (now at large) on or about July 7, 2010 in Abuja within the jurisdiction of this honourable court, by false pretence and with intent to defraud, induced the delivery of the sum of N119,398,500 from the Federal Government of Nigeria to one Frederick Hamilton Global Services Ltd, purporting same to be contract sums for biometric data capture project which you know to be illegal and you thereby committed an offence contrary to section 1(1) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.”
EFCC prosecutor, Mr. Yusuf Aliyu, had urged the court to remand the accused persons in prison shortly after they took their pleas.
But defence lawyers, Chief Kanu Agabi (SAN) and Mr. Oluwole Aladedoye, opposed the application seeking to remand the accused in prison and urged the court to release them on bail.
Aladedoye had argued that in the event that the judge was not be willing to grant the oral application for the bail made, the court should remand the accused persons in EFCC custody pending the hearing of their separate bail applications.
He added that the EFCC had no space to accommodate them before the hearing of their bail applications.
But the judge, in overruling the EFCC, held that he preferred to release them in the interim on the grounds that the EFCC had not indicated that the accused persons, particularly, Oronsaye, would flee.
He added that the EFCC had by itself granted the accused persons what it called administrative bail.
The judge held that he could not force the accused persons on the EFCC which said it could not accommodate them, but under the principle of “interim judicial reprieve” the court possed the power to release the accused persons pending the hearing of the bail applications.
The court then adjourned till September 21.
But the judge fixed October 28, 29; November 3 and 5 as well as December 5 for trial

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