An Economic and Financial Crimes Commission (EFCC) investigator on Tuesday, November 11, 2025, told a Federal Capital Territory (FCT) High Court in Maitama, Abuja, how funds running into hundreds of millions of naira were allegedly diverted from the Office of the National Security Adviser (ONSA) under retired Colonel Sambo Dasuki to private companies linked to him and his associates.
Testifying before Justice C.O. Agbaza, the witness, who appeared as the first prosecution witness (PW1), explained how investigations revealed the transfer of funds from ONSA’s operations account to companies owned by the defendants.
Dasuki, the former National Security Adviser, is standing trial alongside a former General Manager of the Nigerian National Petroleum Corporation (NNPC), Aminu Baba-Kusa, 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 involving N33.2 billion.
Led in evidence by prosecuting counsel, Rotimi Jacobs, SAN, the EFCC witness told the court that letters were written to the Corporate Affairs Commission (CAC) to verify the registration and ownership of companies linked to the investigation, including Acacia Holdings Limited, Aravcaria Farms, Reliance Referral Hospital Limited (RRH), and Pinmax Security and Gas.
According to him, the CAC responses revealed that Acacia Holdings Limited, owned by the second defendant, Aminu Baba-Kusa, was directly connected to the other firms, with Baba-Kusa’s wife listed as a major shareholder holding 1.8 million shares. The documents were admitted as exhibits E1 to E4.
The witness further testified that EFCC obtained statements and account opening details of ONSA’s operations account with Zenith Bank (account number 101419287). The records showed payment mandates authorising debits of ₦650,750,000 from ONSA’s account to Acacia Holdings Limited’s accounts at United Bank for Africa (UBA) and Ecobank, and to RRH’s account at First Bank.
He stated that the payment instructions were duly signed by Dasuki.
Further analysis of Acacia Holdings Limited’s UBA account (number 1017394650) revealed additional transfers, including ₦200 million from ONSA’s account on October 9, 2014. The account also showed multiple disbursements to individuals and related companies.
Among these, the EFCC investigator said, was a ₦3 million cheque withdrawal by one Atahiru Maccido, identified as Acacia’s financial controller, on October 14, 2014. The following day, ₦1 million was transferred to Aravcaria Farms Limited, also owned by the second defendant, while ₦2 million was debited in two tranches of ₦1 million each and recorded as directors’ loan repayments.
Justice Agbaza adjourned the case to January 13, 14, and 15, 2026, for continuation of trial.
