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EFCC Narrates How Maina Stole N14bn from Pension Accounts
A prosecution witness has narrated how a former chairman, Pension Reform Task Force Team, (PRTFT), Abdulrasheed Maina, who is standing trial before a Federal High Court in Abuja, stole about N14 billion from pension accounts through several illegal payments to fake pensioners, non-existing contracts, and other pension reform unions.
The witness, Rouqayyah Ibrahim, an investigator with the EFCC, on Wednesday also told Justice Okon Abang, how a former Head of Service, Stephen Oronsaye, allegedly aided Mr Maina to divert some of the stolen funds through 66 bank accounts.
This development was revealed via a statement released by the EFCC.
The EFCC is prosecuting Mr Maina, who is on the run, alongside his firm, Common Input Property and Investment Ltd, on a 12-count charge of operating fictitious bank accounts, corruption, and money laundering to the tune of N2 billion.
Justice Abang had ordered the continuation of the trial in absentia of Mr Maina, after he failed to attend court proceedings since September 29 this year, with his counsel, Francis Oronsaye, claiming his client was ill.
A Nigerian senator, Ali Ndume, who stood surety for Mr Maina, was recently remanded in jail for failing to provide the suspect.
At the court hearing, the investigator, who is the ninth prosecution witness, told the court that part of the alleged fraud was discovered in 2010, after the EFCC was invited to join the pension verification exercise.
He said the commission discovered “a payment mandate, bearing the names of several individuals, totalling N94 million of which some of the pensioners’ names on the list were fake”.
The witness said an investigation by the commission, through its Pension Fraud Team found that “Abdulrasheed Maina was deeply involved in stealing those pension funds”.
The witness said, “in the five modus operandi was payment to fake pensioners, non-existing contracts, illegal payment to National Union of Pension (NUP) and illegal payment to another association called Association of Retired Federal Civil Servants.”
The witness also said Mr Maina paid pension funds into the private accounts owned by Mr Oronsaye, who headed the HoS Commission between 2009 and 2010.
The witness said this was discovered ”after the EFCC approached about 30 banks for account details linking the ex-head of HoS, in which it was discovered he operated 66 illegal bank accounts, that the Accountant General was unaware of”.
In 2014, PREMIUM TIMES exclusively reported how the auditor-general indicted Mr Oronsaye for N123 billion allegedly diverted between 2009 and 2010 under his watch.
Mr Oronsaye is also standing criminal trial with Osa Afe and three other companies for alleged fraud in awarding purported contracts for non-existing biometric data capturing to the tune of N292 million.
Meanwhile, the EFCC investigator said: “part of what our investigation revealed was that the head of service, Mr Stephen Oronsaye, at that time was operating 66 illegal accounts”.
He told the court how Mr Maina opened various accounts with Fidelity Bank ”in the name of his son, sisters and sister-in-law and other members of his family.”
The witness said the findings were also confirmed by a second prosecution witness, Toyin Meseke, who is a Fidelity Bank staffer.
He said Mr Maina ”had complete control over the several accounts, though his name, signature and photograph did not appear anywhere in the account opening packages.”
The witness said findings revealed that an account with Fidelity Bank ”in the name of Nafisatu Aliyu Yeldu’s bears the name of Mr Maina’s sister with her passport, photograph on the face of it”.
“She informed us (EFCC) that she remembers at one point that Toyin Meseke (PW2), who is a Fidelity Bank staff requested for her PHCN (power utility) bill but she wasn’t sure what he wanted it for and that was one of the documents that were used in opening the account. She also informed us that when she started receiving alerts, she contacted Toyin Meseke and he promised to deal with the issue.”
According to the witness, “the turnover in Yeldu’s account was over N300 million”.
The witness said there was another case involving Drew Construction, which had the name of his (Maina’s) other sister, Fatima Abdullahi Aliyu, with a turnover of about N55 million all from cash deposits within a few months.”
“When she was confronted, it showed that she did not know the account, even though it bore her name and other similar information that belonged to her. The witness said.
“We called for the statement of Drew Construction and of his Fidelity Bank, and discovered the same modus by Maina, concealing and stealing the identity of his family members, registering companies in their names, opening a corporate bank account without their knowledge.”
“We also discovered from Common Input, a company registered by Maina and his wife, using the details of his sister (PW2), taking advantage of his sister-in-law, Mairo Bashir (PW1), who deliberately allowed Maina to conceal his identity without doing the ‘Know Your Customer’ and allowing him to operate the accounts as Fatima Abdullahi. When Fatima was invited, we confronted her that her BVN was linked to Common Input and Kongolo Dynamic Cleaning Services Ltd and she confirmed that she did not know about the existence of the company and that Maina requested her to give her BVN so that she will be removed as a signatory from the company and she wasn’t aware of being a signatory of any company but innocently gave them the BVN, believing that will make her stop being a signatory of the said company.”
Mr Abang, subsequently, adjourned the matter till December 3.
Premium Times
Former Vice President Atiku Abubakar has condemned President Bola Tinubu’s recent grant of presidential pardon, describing it as a reckless abuse of executive power that weakens the justice system and emboldens criminality in the country.
In a statement issued at the weekend, Atiku said the decision to extend clemency to individuals convicted of serious crimes such as drug trafficking, kidnapping, murder, and corruption was both “shocking and indefensible.”
He argued that the essence of a presidential pardon — a constitutional prerogative meant to temper justice with mercy — had been grossly misused by the Tinubu administration. According to him, the act has diminished the sanctity of justice and sent the wrong message to Nigerians and the international community about the government’s moral values.
“At a time when Nigeria continues to reel under insecurity, moral decay, and rising drug-related offences, it is deeply troubling that the presidency would prioritize clemency for those whose actions have undermined national stability and social order,” the statement read.
Atiku cited reports indicating that nearly 30 percent of those pardoned were convicted for drug-related crimes, describing the move as particularly insensitive given the country’s ongoing struggle with narcotics abuse and its tarnished global image on drug issues.
The former vice president also drew attention to what he called “the moral irony” of the decision, referencing past controversies surrounding President Tinubu’s alleged links to drug-related investigations in the United States.
“It is, therefore, no surprise that this administration continues to demonstrate a worrying tolerance for individuals associated with criminal enterprise,” he stated.
Atiku warned that the pardon had made a “mockery of the criminal justice system,” discouraged law enforcement agencies, and dishonoured victims of serious crimes.
“Clemency must never be confused with complicity,” he said. “When a government begins to absolve offenders of the very crimes it claims to be fighting, it erodes the moral authority of leadership and emboldens lawlessness.”
The former vice president concluded by urging Nigerians to demand a leadership that upholds justice and integrity.
“Nigeria deserves a leadership that strengthens justice, not one that trivializes it,” Atiku said.
President Bola Tinubu is scheduled to jet out of Abuja today for Rome, to attend the Aqaba Process Heads of State and Government-Level Meeting, which will focus on tackling the worsening security crisis in West Africa.
His spokesman, Bayo Onanuga, disclosed this in a statement issued on Saturday.
Onanuga said the high-level summit, scheduled to begin on October 14, will convene African leaders, senior military and intelligence officials, as well as representatives from intergovernmental and non-governmental organisations, to deliberate on emerging threats undermining peace and stability in the sub-region.
Launched in 2015 by King Abdullah II of Jordan, the Aqaba Process serves as a global counter-terrorism platform co-chaired by Jordan and the Italian Government.
It seeks to strengthen international collaboration against terrorism and organised crime networks that have increasingly destabilised parts of Africa.
Onanuga stated that the 2025 edition will address the spread of extremist groups in the Sahel, the growing nexus between terrorism and organised crime, and the rising overlap between land-based insurgencies and maritime piracy in the Gulf of Guinea.
According to the Presidency, discussions will centre on practical strategies to counter terror threats both on land and at sea, enhance regional intelligence sharing, and tackle online radicalisation by disrupting digital platforms used for terrorist propaganda and recruitment.
During the visit, President Tinubu is also expected to hold bilateral talks with other world leaders aimed at reinforcing security cooperation and developing collective responses to West Africa’s cross-border challenges.
The President will be accompanied by the Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu; Minister of Defence, Mohammed Badaru Abubakar; National Security Adviser, Nuhu Ribadu; Director-General of the National Intelligence Agency, Ambassador Mohammed Mohammed; and other senior government officials.
The Aqaba Process remains one of the most influential multilateral efforts promoting global unity in countering violent extremism and ensuring long-term stability in vulnerable regions.
Venezuelan opposition leader Maria Corina Machado dedicated her Nobel Peace Prize on Friday to the people of Venezuela — and US President Donald Trump, for his “decisive support” for her country’s pro-democracy movement.
“I dedicate this prize to the suffering people of Venezuela and to President Trump for his decisive support of our cause!” she wrote on X.
“We are on the threshold of victory and today, more than ever, we count on President Trump, the people of the United States, the peoples of Latin America, and the democratic nations of the world as our principal allies to achieve Freedom and democracy,” she added.
Machado has been in hiding in Venezuela for the past year since elections that authoritarian leftist President Nicolas Maduro is accused of stealing.
Machado, who was barred from contesting the election, campaigned instead for her stand-in, ex-diplomat Edmundo Gonzalez Urrutia, seen by much of the international community as the rightful winner.
The Nobel Committee cited her “tireless work promoting democratic rights for the people of Venezuela and for her struggle to achieve a just and peaceful transition from dictatorship to democracy.”
Machado, 58, has backed Trump’s ongoing campaign of military pressure on Maduro, including a major US naval deployment near Venezuela, as a “necessary measure” towards a democratic transition in Venezuela.
White House Press Secretary Karoline Leavitt shared Machado’s post dedicating her Nobel to Trump on her X account.
Several of Machado’s fellow opposition leaders, including two-time former presidential candidate Henrique Capriles, congratulated her on her prize.
“May this recognition be another boost to achieve PEACE and for our Venezuela to leave behind the suffering and recover the freedom and democracy for which it has fought for so many years,” Capriles wrote on X.
