Alleged N33.2b fraud: How funds flowed from ONSA account to personal people – Witness

The First Prosecution Witness, PW1, Dr. Michael Adariku within the trial of a former National Security Adviser, Colonel Sambo Dasuki, retd, and 4 others earlier than Justice C.O. Agbaza of the FCT Excessive Courtroom, Maitama, Abuja on Wednesday, January 14, 2026 continued his evidence-in-chief with an extra breakdown of the movement of funds from the Workplace of the National Security Adviser, ONSA to personal beneficiaries.

Led in his testimony by prosecution counsel, Rotimi Jacobs, SAN, the witness, an investigator with the Financial and Monetary Crimes Fee, EFCC, disclosed that the funds from ONSA have been deposited in a United Financial institution of Africa, UBA, account of Acacia Holdings Restricted with account quantity 1017330319.

Based on him, “From our evaluation of Acacia Holdings Restricted UBA account quantity 1017330319, we found that on Might 15, 2015, there was a switch of N119, 687.50 (One Hundred and Nineteen Thousand Six Hundred and Eighty Seven Naira Fifty Kobo) to IBB Golf Membership and three funds of assorted quantities to Abuja Geographic Info Techniques, AGIS for floor lease.”

He additionally disclosed that there was a switch of N800, 000 to Aravcaria Farms Ltd on Might 28 2015, and a switch of N2, 500,000 made to Mohammed Zaharadeen Baba Kusa, son of the second defendant, Aminu Baba Kusa, a former Basic Supervisor of the Nigerian Nationwide Petroleum Company, NNPC.

The witness additionally disclosed that N600 million and extra N200 million was despatched to Acacia Holdings Restricted UBA account and that N750 million was despatched to Reliance Referral Hospital Restricted’s, First Checking account, and N650 million despatched to Acacia Holdings Restricted Eco Checking account, totalling N2.2 billion, all of which have been drawn from N5 billion transferred from Central Bank of Nigeria, CBN Signature Bonus account quantity 00000040022524 to ONSA account quantity 1014199287 domiciled in Zenith Bank in April 2015.

The aim of the switch from the CBN, the witness disclosed, was to allow the NSA to place up enough safety for the gubernatorial and state homes of meeting elections in 2015.

The witness, nonetheless, disclosed that “From investigation, the cash was by no means used for the aim for which it was meant, moderately the cash was wired to varied people and firms of private curiosity and companies of the second defendant.”

Additional in his proof, the witness disclosed that intelligence was acquired and letters have been written to CBN to hint the supply of the funds into Acacia Holdings Restricted Ecobank account, which revealed that the doc displaying switch of funds to Acacia Holdings Restricted Ecobank account got here with the cost mandate from ONSA, duly signed by the primary defendant, the previous NSA and S.A. Salisu, Director Finance and Administration.

The paperwork have been tendered and admitted as Exhibit F and G1 to G20.

The witness additionally informed the court docket that Exhibit F was the funds switch mandate from the ONSA and that the primary three funds have been these of N600 million to Acacia Holdings UBA, N650 million to Acacia Holdings Restricted Ecobank account and N750 million to Reliance Referral Hospital Restricted First Checking account.

“These three funds are a part of the N5 billion that got here from CBN to the Zenith Bank account of ONSA for the aim of offering safety for gubernatorial and state homes of meeting elections,” he mentioned.