Alleged N33.2b fraud: How funds flowed from ONSA account to private individuals – Witness
The First Prosecution Witness, PW1, Dr. Michael Adariku in the trial of a former National Security Adviser, Colonel Sambo Dasuki, retd, and four others before Justice C.O. Agbaza of the FCT High Court, Maitama, Abuja on Wednesday, January 14, 2026 continued his evidence-in-chief with a further breakdown of the flow of funds from the Office of the National Security Adviser, ONSA to private beneficiaries.
Led in his testimony by prosecution counsel, Rotimi Jacobs, SAN, the witness, an investigator with the Economic and Financial Crimes Commission, EFCC, disclosed that the funds from ONSA were deposited in a United Bank of Africa, UBA, account of Acacia Holdings Limited with account number 1017330319.
According to him, “From our analysis of Acacia Holdings Limited UBA account number 1017330319, we discovered that on May 15, 2015, there was a transfer of N119, 687.50 (One Hundred and Nineteen Thousand Six Hundred and Eighty Seven Naira Fifty Kobo) to IBB Golf Club and three payments of various amounts to Abuja Geographic Information Systems, AGIS for ground rent.
He also disclosed that there was a transfer of N800, 000 to Aravcaria Farms Ltd on May 28 2015, and a transfer of N2, 500,000 made to Mohammed Zaharadeen Baba Kusa, son of the second defendant, Aminu Baba Kusa, a former General Manager of the Nigerian National Petroleum Corporation, NNPC.
The witness also disclosed that N600 million and additional N200 million was sent to Acacia Holdings Limited UBA account and that N750 million was sent to Reliance Referral Hospital Limited’s, First Bank account, and N650 million sent to Acacia Holdings Limited Eco Bank account, totalling N2.2 billion, all of which were drawn from N5 billion transferred from Central Bank of Nigeria, CBN Signature Bonus account number 00000040022524 to ONSA account number 1014199287 domiciled in Zenith Bank in April 2015.
The purpose of the transfer from the CBN, the witness disclosed, was to enable the NSA to put up adequate security for the gubernatorial and state houses of assembly elections in 2015.
The witness, however, disclosed that “From investigation, the money was never used for the purpose for which it was intended, rather the money was wired to various individuals and companies of personal interest and businesses of the second defendant.”
Further in his evidence, the witness disclosed that intelligence was received and letters were written to CBN to trace the source of the funds into Acacia Holdings Limited Ecobank account, which revealed that the document showing transfer of funds to Acacia Holdings Limited Ecobank account came with the payment mandate from ONSA, duly signed by the first defendant, the former NSA and S.A. Salisu, Director Finance and Administration.
