An investigator with the Economic and Financial Crimes Commission (EFCC), serving as the first prosecution witness, has disclosed how multi-million naira were diverted from the Office of the National Security Adviser (ONSA) into accounts of private companies linked to former national security adviser, Sambo Dasuki.
The witness, speaking before Justice C.O. Agbaza at a federal capital territory (FCT) high court in Abuja on Tuesday, November 11, 2025, detailed how the multi-million naira transfers involved Acacia Holdings Limited and Reliance Referral Hospital Limited.
The companies are connected to Dasuki and co-defendant Aminu Baba-Kusa, former general manager of the Nigerian National Petroleum Corporation (NNPC).
The defendants are facing an amended 32-count charge of criminal breach of trust and money laundering totaling ₦33.2 billion.
Under examination by lead prosecution counsel Rotimi Jacobs, SAN, the EFCC investigator said the agency contacted the Corporate Affairs Commission (CAC) to confirm the registration status and ownership of companies implicated in the probe.
According to the witness, Acacia Holdings Limited is owned by Baba-Kusa, with his wife holding 1.8 million shares, while Aravcaria Farms Ltd and Pinmax Security and Gas are sister companies linked to Acacia Holdings.
The responses from CAC were tendered as exhibits E1 to E4.
The witness also presented account statements and account opening packages from Zenith Bank for the ONSA operations account (no. 101419287).
He said payment mandates, signed by Dasuki, directed the bank to transfer ₦650.75 million to Acacia Holdings’ accounts with United Bank for Africa and EcoBank, and to Reliance Referral Hospital’s First Bank account.
Further revelations included an additional ₦200 million transfer from the ONSA account to Acacia Holdings on October 9, 2014.
Analysis of Acacia Holdings’ accounts showed multiple disbursements, including a ₦3 million cheque withdrawal by staff and financial controller Atahiru Maccido, a ₦1 million transfer to Aravcaria Farms, and two ₦1 million payments for director loans.
The court adjourned the trial to January 13, 14, and 15, 2026, for continuation of proceedings.
Comments