Ex Head Of Service Steve Orunsaye

                              

Former Head of Civil Service of the Federation  Steve Orunsaye has been rearrested by the Economic and Financial Crimes Commission Today for alleged corruption and  obtaining money by force pretense.

Mr. Oronsaye who is already being prosecuted by the EFCC on 24-count charge of money laundering  before a Federal High Court, Abuja, 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 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.
Steve Orunsaye is already facing a charge of N6.2 billion fraud.
A fresh two count charges has been filed against him according to Premium Times report.

The charges read, “Stephen Oronsaye a.k.a. Mr Steve Oronsaye on or about 12^th June, 2013 at Abuja within the jurisdiction of the High Court of the  Federal Capital Territory whilst being the Chairman of the Presidential Committee on Financial Action Task Force and in such capacity entrusted with certain property to wit: the sum of N90,000,000.00 ( Ninety Million Naira) committed Breach of Trust in respect of the said sum by converting it to your personal use through the investment of the said sum of N90,000,000.00 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

“Stephen Oronsaye a.k.a. Mr Steve Oronsaye on or about 30^th December, 2014 at Abuja within the jurisdiction of the High Court of the  Federal Capital Territory whilst being the Chairman of the Presidential Committee on Financial Action Task Force and in such capacity entrusted with certain property to wit: the sum of N100,000,000.00 ( One Hundred Million Naira) committed Breach of Trust in respect of the said sum by converting it to your personal use through the investment of the said sum of N90,000,000.00 in Access Bank Plc’s Bankers  Acceptance for a tenor of 90 days at 12.0% interest rate each  in violation of the extant financial regulations”.