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15/03/2016

Former head of civil service of the federation, Mr
Stephen Oronsaye has just arrived in court at the FCT
– He is to stand trial for his involvement in a N190
million fraud
Stephen Oronsaye, a former head of the Nigerian civil
service, has arrived the Federal Capital Territory (FCT)
Federal High Court for his arraignment by the
Economic and Financial Crimes Commission (EFCC).
Daily Post reports that Oronsaye is being arraigned
over his alleged involvement in a N190million fraud.
He is facing a fresh two-count charge of corruption and
obtaining money by false pretence before Justice O. O
Goodluck.
Stephen Oransaye in court to answer for his
involvement in a 190 million scandal
According to the EFCC, the former civil service chief
used his position as chair of the presidential
committee on the Financial Action Task Force to
fraudulently obtain N190 million, being part of the
N240m grant which the committee received from the
Central Bank of Nigeria (CBN).
EFCC, in a statement by its spokesman, Wilson
Uwajaren over the weekend explained that the two
fresh count charges for which Orosanya is standing
trial for at the FCT Federal High Court is different form
those the accused person alongside others are facing
at the Federal High Court, Abuja.
READ ALSO: EFCC indicts Fani-Kayode, Falae, others in
multibillion naira fraud
Uwajaren said: “This new charge is different in all
material particular from the existing charge for which
Oronsaye, Osarenkhoe Afe, and their accomplices are
being prosecuted before the Federal High Court, Abuja on
35 charges of fraud and money laundering involving
N2billion.”
“In the previous charges, Oronsaye and his co-accused,
were alleged to have been complicit in several contract
awards during his tenure as HoS, using two companies,
Federick Hamilton Global Services Limited, and Xangee
Technologies Limited, for shady biometrics enrollment
deals to the tune of N2 billion.”
Steve Oronsaye is said to have used his position as
chair of the presidential committee on the Financial
Action Task Force to fraudulently obtain N190million.
READ ALSO: FG discovers another massive fraud of
N3.3 trillion in its agencies
The charge reads: “Stephen Oronsaye a.k.a. Mr Steve
Oronsaye on or about 12th June, 2013 at Abuja within
the jurisdiction of the High Court of the Federal Capital
Territory whilst being the Chairman of the Presidential
Committee on Financial Action Task Force and in such
capacity entrusted with certain property to wit: the sum of
N90,000,000.00 ( Ninety Million Naira) committed Breach
of Trust in respect of the said sum by converting it to
your personal use through the investment of the said sum
of N90,000,000.00 in Access Bank Plc’s Bankers
Acceptance for a tenor of 90 days at 9.0% interest rate in
violation of the extant financial regulations
“Stephen Oronsaye a.k.a. Mr Steve Oronsaye on or about
30th December, 2014 at Abuja within the jurisdiction of
the High Court of the Federal Capital Territory whilst being
the Chairman of the Presidential Committee on Financial
Action Task Force and in such capacity entrusted with
certain property to wit: the sum of N100,000,000.00
( One Hundred Million Naira) committed Breach of Trust
in respect of the said sum by converting it to your
personal use through the investment of the said sum of
N90,000,000.00 in Access Bank Plc’s Bankers
Acceptance for a tenor of 90 days at 12.0% interest rate
each in violation of the extant financial regulations.”

14/03/2016

The Federal Government said on Saturday that it would
stabilise the price of rice from April to make it
affordable to everybody in the country.
The Minister of Agriculture and Rural Development,
Audu Ogbeh, made this known while declaring open the
2016 National wheat farmers field day in Alkamawa
village in Bunkure Local Government of Kano State.
Mr. Ogbeh said the stability of the price of rice would
be very viable due to its demand and affordability to
the people from April.
No further details of how to stabilise the price of rice,
arguably Nigeria’s most consumed food, was reported
by the News Agency of Nigeria, NAN, which reported
the story.
He said the boosting of wheat production and other
cereals had become necessary to reduce over
dependence on importation.
The minister added that over 300,000 hectares of land
in wheat producing states would be dedicated to boost
wheat production.
“The government will continue to support farmers to
encourage agricultural activity, enhance food security
and employment generation in the country,” he said.
According to him, the administration of President
Muhammadu Buhari will diversify the economy with
greater emphasis on agriculture.
Mr. Ogbeh urged Nigerians to embrace agriculture to
enhance their welfare and enable them become self
reliant.
In a remark, the Chairman Senate Committee on
Agriculture, Abdullahi Adamu, said the senate would
make legislation to remove obstacles being faced by
wheat farmers in the country.
On his part, the Governor Atiku Bagudu of Kebbi said
his state would dedicate 70 per cent of the proposed
300, 000 hectares for wheat production.
(NAN)