Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,061 members, 7,953,212 topics. Date: Thursday, 19 September 2024 at 12:31 PM

INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / INVESTIGATION: AG Report Indicts Oronsaye For N123B Alleged Fraud (18262 Views)

Ministerial Screening: Fashola Indicts Himself Before The Senate / Audit Report Indicts NNPC, Corporation To Refund $1.48billion / Alleged Fraud: EFCC Probes Rivers, Kano, Others (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

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

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
shocked
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. angry Since 2012 shocked shocked.
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 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.
He 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 angry

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 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
ok!

(1) (2) (3) (4) (5) (6) (Reply)

Support Our Troops Not The Terrorists / Insecurity: Nigerians Have Right To Talk, Sultan Tells FG / Ondo 2020: Agboola Ajayi Eyes SDP As PDP Aspirants Reject Automatic Ticket

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.