N33.2bn Dasukigate: EFCC Witness Reveals How Millions Were Diverted From ONSA’s Operations Account To Private Firms

The first prosecution witness (PW1) in the ongoing trial of former National Security Adviser (NSA), Col. Sambo Dasuki (rtd), on Tuesday, November 11, 2025, narrated before Justice C.O. Agbaza of the Federal Capital Territory (FCT) High Court, Maitama, how multi-million-naira funds were allegedly diverted from the Operations Account of the Office of the National Security Adviser (ONSA) to private companies linked to the defendants.

Dasuki, the first defendant, is being prosecuted alongside Aminu Baba-Kusa, a former General Manager of the Nigerian National Petroleum Corporation (NNPC), and two companies—Acacia Holdings Limited and Reliance Referral Hospital Limited—on an amended 32-count charge bordering on criminal breach of trust and money laundering to the tune of N33.2 billion.

Led in evidence by prosecution counsel Rotimi Jacobs, SAN, the witness, an investigator with the Economic and Financial Crimes Commission (EFCC), testified that the Commission wrote to the Corporate Affairs Commission (CAC) to verify the registration details of several companies that featured in the investigation, including Acacia Holdings Limited, Aravcaria Farms, Reliance Referral Hospital Limited, and Pinmax Security and Gas.

According to the witness, the CAC’s responses—tendered as Exhibits E1 to E4—revealed that Acacia Holdings Limited is owned by the second defendant, Baba-Kusa. The inquiry also showed that Aravcaria Farms Ltd and Pinmax Security and Gas are sister companies to Acacia Holdings, with Baba-Kusa’s wife holding 1.8 million shares as a major shareholder.

The EFCC investigator further stated that the Commission obtained the account statements and opening documents of the ONSA Operations Account (Account No: 101419287) domiciled in Zenith Bank Plc, along with payment mandates authorizing fund transfers. According to him, the mandates—duly signed by Dasuki—directed the bank to debit the ONSA account with N650,750,000 and credit the accounts of Acacia Holdings Limited in UBA and EcoBank, and Reliance Referral Hospital Limited in First Bank.

The witness added that upon analyzing Acacia Holdings Limited’s UBA account (No: 1017394650), investigators discovered an additional N200 million transfer from the ONSA account on October 9, 2014, apart from the initial N600 million earlier traced.

Further scrutiny revealed that various payments were made from Acacia Holdings’ account to individuals and companies, including a ?3 million cheque withdrawal by one Atahiru Maccido, the company’s financial controller, on October 14, 2014. On October 15, 2014, N1 million was transferred to Aravcaria Farms Limited, while another N2 million was withdrawn in two separate transactions as director’s loan payments.

After the testimony, the court adjourned the case to January 13, 14, and 15, 2026 for the continuation of trial.