EFCC reveals how N33.2bn was diverted from ONSA to Dasuki-linked firms

The trial of former National Security Adviser, Col. Sambo Dasuki (rtd), continued on Tuesday, November 11, 2025, with explosive testimony revealing how billions of naira were funneled from the Office of the National Security Adviser (ONSA) into private company accounts tied to the defendants.

Testifying before Justice C.O. Agbaza of the Federal Capital Territory High Court, Maitama, the first prosecution witness, an investigator with the Economic and Financial Crimes Commission (EFCC), detailed how funds from ONSA’s Operations Account were illicitly moved to companies connected to Dasuki and his co-defendants.

Dasuki is standing trial alongside former NNPC General Manager, Aminu Baba-Kusa, and two firms — Acacia Holdings Limited and Reliance Referral Hospital Limited — on a 32-count amended charge bordering on criminal breach of trust and money laundering involving N33.2 billion.

Led in evidence by EFCC counsel, Rotimi Jacobs, SAN, the witness told the court that the Commission wrote to the Corporate Affairs Commission (CAC) to verify the ownership of companies linked to the investigation, including Acacia Holdings Limited, Aravcaria Farms, Reliance Referral Hospital Limited, and Pinmax Security and Gas.

The CAC’s response, admitted as exhibits E1 to E4, confirmed that Acacia Holdings Limited is owned by Baba-Kusa, while Aravcaria Farms and Pinmax Security and Gas are sister companies.

It also revealed that Baba-Kusa’s wife holds 1.8 million shares in Acacia Holdings.

The witness further disclosed that EFCC obtained bank records from Zenith Bank Plc, which showed that ONSA’s Operations Account (No. 101419287) was used to transfer N650.75 million to Acacia Holdings’ accounts with UBA and Ecobank, and to Reliance Referral Hospital’s First Bank account.

The payment instructions were duly signed by Dasuki.

Analysis of Acacia Holdings’ UBA account (No. 1017394650) revealed additional transfers of N200 million from ONSA on October 9, 2014.

Further tracing of the funds showed disbursements to various individuals and entities, including a N3 million cheque withdrawal by Atahiru Maccido, the company’s financial controller, and another N1 million transfer to Aravcaria Farms.

Two separate payments of N1 million each were also used to settle a director’s loan.

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