15/09/2014

N123billion fraud: Auditor General’s Report Indicts Ex-Head of Service, Oronsaye



·         N52billion monthly pension payments unaccounted for
·         Collects N1.03billion kickbacks from Pensions Union
·         Cornered N15.6billion meant for settlement of Death Benefits
·         N54billion transferred from 58 illegal accounts can’t be traced
·         Pocketed N113million pension fund, diverted to a contingency account that turned out to be a State House account.

A damning report by the office of Nigeria’s Auditor General has indicted a former Head of the Civil Service of the Federation, Stephen Oronsaye, over an alleged N123billion fraud perpetrated during his tenure, between 2009 and 2010, PREMIUM TIMES can authoritatively report today.

The 169-page report, entitled “Special Audit of the Accounts of the Civil Pensions”, found Mr. Oronsaye guilty of allegedly presiding over the looting of the nation’s resources during his tenure.

The audit by the Auditor General arose from the work of a Special Audit Team constituted by the Federal Government in May 2011 to conduct a comprehensive examination of the accounts of the Civilian Pension Department domiciled in the Office of the Head of the Civil Service of the Federation.

The audit, which covered the period 2005 to 2010, uncovered monumental financial irregularities, opaque transactions, irregular and abnormal running costs, and outright stealing and kick-backs said to have reached its zenith during the 18 months that Mr. Oronsaye served as Head of Service.

The Auditor General’s office, insiders say, completed its assignment and submitted its report to government in 2012. But no action has been taken to bring all those indicted to book.

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