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Nairaland Forum / Nairaland / General / Politics / INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud (18267 Views)
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INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Eldavido1: 1:31pm On Sep 15, 2014 |
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 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. This newspaper understands that there is a high-level lobby at the highest reach of our government to suppress the findings and allow those found culpable to enjoy their loot. While allegations of massive corruption hangs around his neck, Mr. Oronsaye remains very close to President Goodluck Jonathan, with unhindered access to the presidential villa. He also continues to occupy some of the most important positions in the country. He is, for over 10 years now, chairman of the Presidential Committee on Financial Action Task Force [FATF] and is board member of both the Nigerian National Petroleum Corporation [NNPC] and the Central Bank of Nigeria [CBN], the two public organisations widely considered the most lucrative in the country. Looting Galore Although top government officials are working hard to suppress the damning report, PREMIUM TIMES has now scooped its content for you. And it was simply shocking and mind-boggling. The report found that the pension payroll was never subjected to internal audit between June 2009 and December 2010; and that the over N52billion paid as monthly pension under Mr. Oronsaye’s reign remained largely unaccounted for. The payments, auditors say, were not presented for internal and federal audits for prepayment audit as required by Nigerian financial regulation. The examination also documented evidence of payment for goods running into hundreds of millions of naira that were not supplied. For instance, about N700million was paid to 223 different contractors for store items. However, no payment vouchers were available for inspection as the investigators carried out their assignments. The payments were also not recorded in the cashbook, leading auditors to conclude that since store receipt vouchers could not be traced, the items were most probably never supplied. Equally tainted with financial irregularities, the report says, was pension remittance to states and industrial unions during Mr. Oronsaye’s reign. A serious infraction was detected in the payment of N2.08billion check-off dues to the Nigerian Union of Pensioners in 2009 and 2010. When auditors computed and analyzed the figures in accordance with the mandatory one per cent deducted from statutory pension allocations, they found that N1.03bn was overpaid. The report alleged the amount was passed to Mr. Oronsaye as kickbacks. The auditors also expressed shock at the absence of a single receipt from any state government acknowledging the payments purportedly made to them as five per cent federal government contribution and reimbursements. Consequently, there was no single shred of evidence to indicate that these remittances were actually made, the report said. https://m.premiumtimesng.com/headlines/168159-investigation-auditor-generals-report-indicts-oronsaye-for-n123-billion-alleged-fraud.html 2 Likes
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Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by nickxtra(m): 1:53pm On Sep 15, 2014 |
Just for the information of Nigerians. Nothing will happen to him because he one of the 'men' after the President's heart 60 Likes 1 Share |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by justi4jesu(f): 1:56pm On Sep 15, 2014 |
Ahhhh oti oh...Ogas at the Top 1 Like |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by kunmis1(m): 1:56pm On Sep 15, 2014 |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by jmoore(m): 1:58pm On Sep 15, 2014 |
They steal in billions!!! Wicked thieves!!! Eg 52 billion stolen by 100 persons each= 5.2 trillion Naira 14 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by bastien: 1:58pm On Sep 15, 2014 |
If share that money per million to some citizens e go help solve some issue 4 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by eleojo23: 1:58pm On Sep 15, 2014 |
When large sums are reportedly stolen by an individual, I just wonder. What shall it profit a man to acquire (by hook or by crook) all the wealth in this world only to die and leave everything behind? All that is left when a man dies is the memory of the things he did while alive. Will people curse his existence for the hardship he put others through or will they thank God for his contribution to the welfare of those he came across while he was alive? For us all, the pen is our hands to write what we want others to read about us in the future when we must have left this world of vanity. 16 Likes 1 Share |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by kenbee(f): 1:59pm On Sep 15, 2014 |
trial straight |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Mettal: 1:59pm On Sep 15, 2014 |
N123B ,some figures shy of $1B. This man na king of all looters. 12 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Keemy88(m): 2:00pm On Sep 15, 2014 |
and after all these allegations, nothing would happen to the man and all charges would be dropped and forgotten. That's the democracy we live In Nigeria. 6 Likes 1 Share |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by iykak47: 2:00pm On Sep 15, 2014 |
Those that accused Princess Stella Oduah of buying 260 million naira car should not avoid this thread. 17 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by RockMaxi: 2:01pm On Sep 15, 2014 |
Serious thing. Since 2012 . |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Nobody: 2:01pm On Sep 15, 2014 |
Orosanya is a Jonathan ally... I am not surprised A damning report by the office of Nigeria’s Auditor General hasHe is the same guy that embarrassed himself in a National TV during the Ribadu Subsidy Report.... 13 Likes 1 Share |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by jackjohnson(m): 2:01pm On Sep 15, 2014 |
This is constant in Nigeria and no doubt Nothing will happen to him. Just give this information 1 week, It will be a thing of the past. 2 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by mainheart(m): 2:01pm On Sep 15, 2014 |
hmmmmm Johnathan roommate 7 Likes 1 Share |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by sirjohnson(m): 2:01pm On Sep 15, 2014 |
I came across this BBC report tagged "The politics of Nigerian corruption" Read the eye opening post to see how these thieves are destroying this nation. Read the report Here 4 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Danjunior(m): 2:01pm On Sep 15, 2014 |
Naija!.... We no they ever fear to steal money o. Na who dey See the Ooold thief with me sef?? 1 Like |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by synergycom19: 2:02pm On Sep 15, 2014 |
'Ordinary stealling is not part of Corruption'GEJ principles of Corruption GEJ till 2019+1 term of 6 years after constitutions review 6 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Ayomax(m): 2:02pm On Sep 15, 2014 |
i give up on this country 5 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Nobody: 2:03pm On Sep 15, 2014 |
The kind money wey dey dissapear from this country everyday.... Nawa oo. Wouldnt be suprised if I hear that this country dissapears one day.... As an aside, JONATHAN IS A TOTAL FAILURE.... I WILL DEFEND MY COMMENT ANYTIME. UNDER HIM, SO MANY THINGS WENT WRONG. In a true democratic setting, Badluck Edewe Jonadumb doesnt have the capacity to rule a common street not talk of a great country like Nigeria. Because of him, people like Julius Agwu are now contemplating governing rivers state. Why not? Because they believe if an idiiot like badluck can make it, every dumbo can. His or her incapabilities not withstanding! Please, Just resign already. 33 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by kkkp: 2:03pm On Sep 15, 2014 |
Everything about this government is corruption 14 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by NewsBliss: 2:03pm On Sep 15, 2014 |
ahhhh! [url=www.]I Can't believe These Nigerian Twin Brothers are worth over 20 million naira! plus how they made their money[/url] |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by lakeside69: 2:04pm On Sep 15, 2014 |
Fresh air....this is small compared to d monumental fraud going on in several establishments of government. No checks, No balances....Nigeria we hail thee!!! [b][/b 9 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by DisGuy: 2:04pm On Sep 15, 2014 |
Where's Maina? 5 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by ican2020: 2:04pm On Sep 15, 2014 |
Is this true? |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by Vstuffs(m): 2:05pm On Sep 15, 2014 |
GOD AND THE SPIRIT OF THE DEADS PENSIONERS WILL JUGDE HIM.......AND HIS ALLIES Learn web development,wordpress 3.0,photoshop,computer networking...java...via this videos https://www.nairaland.com/1788943/get-complete-web-development-video 1 Like |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by donlemson(m): 2:06pm On Sep 15, 2014 |
Too bad. Dis is ordinary stealing. D president wil knw (GEJ) it is our money. 8 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by OrlandoOwoh(m): 2:07pm On Sep 15, 2014 |
oilyyariba: Another yolaba fraudster!Yes, he might be Yoruba, the last thing you will see or hear is a Yoruba supporting or shielding him like Igbo people will always do. 60 Likes 5 Shares |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by excelsiorfarm(m): 2:07pm On Sep 15, 2014 |
Nigeria should have been d best country in the world, but for the greedy ones 3 Likes |
Re: INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud by teniola55(m): 2:08pm On Sep 15, 2014 |
Eldavido1: N52billion monthly pension payments unaccounted forok! |
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