The Economic and Financial Crimes Commission (EFCC) yesterday called its ninth witness against former chairman of the defunct Pension Reform Task Force Team, Abdulrasheed Maina who is being prosecuted on a 12 count charge of money laundering.
The witness, Rouqquaya Ibrahim who is also an EFCC investigatior told the Federal High Court Abuja, presided by Justice Okon Abang that her team had uncovered how Maina and the former Head of Service of the Federation, Mr. Stephen Oronsaye allegedly used “five modules” to loot about N14bn pension funds.
Ibrahim said the investigation revealed that the scam which was perpetuated between 2010 and 2011 shows Oronsaye operated 66 accounts in his office name illegally without approval from the Office of the Accountant-General of the Federation.
Ibrahim: “ They were stealing money from the pension accounts of the Head of Service of the Federation. In total, we were able to establish that N14bn was stolen from the pension accounts.
“Pension funds that would be paid into those accounts after which they would withdraw ash and hand over to the persons who asked them to give the account numbers.”