An investigator from the Economic and Financial Crimes Commission (EFCC) on Tuesday informed an Abuja high court that funds amounting to hundreds of millions of naira were allegedly moved from the office of the national security adviser (ONSA) to companies associated with former government officials.
The first prosecution witness (PW1) gave this testimony before Justice C.O. Agbaza of the federal capital territory (FCT) high court, Maitama, in the ongoing trial of Sambo Dasuki, the former national security adviser (NSA).
Dasuki is being tried alongside Aminu Baba-Kusa, former general manager of the Nigerian National Petroleum Corporation (NNPC), and two firms — Acacia Holdings Limited and Reliance Referral Hospital Limited.
The defendants face a 32-count amended charge relating to criminal breach of trust and money laundering involving N33.2 billion.
While being led in evidence by prosecution counsel Rotimi Jacobs, the EFCC investigator explained that letters were sent to the Corporate Affairs Commission (CAC) to verify the ownership of companies identified during the probe, including Acacia Holdings Limited, Aravcaria Farms, Reliance Referral Hospital Limited, and Pinmax Security and Gas.
According to him, CAC’s findings revealed that Acacia Holdings belongs to Baba-Kusa, while Aravcaria Farms and Pinmax Security and Gas are sister companies.
He further stated that Baba-Kusa’s wife was identified as a major shareholder in Acacia Holdings, owning 1.8 million shares. The corresponding documents were tendered as exhibits E1 to E4.
The witness also told the court that the EFCC obtained records of ONSA’s operations account with Zenith Bank (account number 101419287), including payment instructions authorizing the bank to debit N650.75 million from the account and credit the accounts of Acacia Holdings with United Bank for Africa (UBA) and Ecobank, as well as Reliance Referral Hospital’s account with First Bank.
He noted that the payment directives were duly signed by Dasuki.
The investigator added that Acacia Holdings’ UBA account showed an additional transfer of N200 million from the ONSA account on October 9, 2014, apart from the earlier N600 million transaction.
Further analysis, he said, revealed multiple payments to individuals and associated entities.
“On October 14, 2014, N3 million was withdrawn by Atahiru Maccido, a staff and financial controller of Acacia Holdings. The following day, N1 million was transferred to Aravcaria Farms, while N2 million was used to offset a director’s loan in two separate tranches of N1 million each,” the witness told the court.
After the testimony, the judge adjourned the case to January 13, 14, and 15, 2026, for continuation of trial.