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

Just for the information of Nigerians. Nothing will happen to him because he one of the 'men' after the President's heart

They steal in billions!!! Wicked thieves!!!

Eg 52 billion stolen by 100 persons each= 5.2 trillion Naira

If share that money per million to some citizens e go help solve some issue

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.

trial straight

N123B ,some figures shy of $1B. This man na king of all looters.

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.

Those that accused Princess Stella Oduah of buying 260 million naira car should not avoid this thread.

Serious thing. Since 2012 .

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....

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.

hmmmmm Johnathan roommate

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

Naija!.... We no they ever fear to steal money o. Na who dey See the Ooold thief with me sef??

'Ordinary stealling is not part of Corruption'GEJ principles of Corruption
GEJ till 2019+1 term of 6 years after constitutions review

i give up on this country

Everything about this government is corruption

ahhhh!
[url=www.]I Can't believe These Nigerian Twin Brothers are worth over 20 million naira! plus how they made their money[/url]

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

Where's Maina?

Is this true?

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

Too bad. Dis is ordinary stealing. D president wil knw (GEJ) it is our money.

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.

Nigeria should have been d best country in the world, but for the greedy ones

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!