The Financial and Monetary Crimes Fee (EFCC) has arraigned a former board chairman of the Nigeria Social Insurance coverage Belief Fund (NSITF), Mrs. Ngozi Olejeme, for alleged involvement in a N1 billion fraud.
In keeping with the EFCC, Olejeme was arraigned earlier than Justice Emeka Nwite of the Federal Excessive Courtroom in Maitama, Abuja, on Wednesday, October 8, 2025, on an eight-count cost bordering on cash laundering and conversion of funds.
The fees alleged that she transformed, transferred, and took possession of proceeds of illegal actions amounting to N1 billion.
Rely one of many expenses reads:
“That you just Mrs. Ngozi Olejeme whereas being the Board Chairman of the Nigeria Social Insurance coverage Belief Fund (NSITF) someday in February 2012, in Abuja throughout the jurisdiction of this Honorable Courtroom not directly transformed the sum of N321,600,000 (Three Hundred and Twenty-One Million, Six Hundred Thousand Naira) paid into the Sterling Bank plc account of ADIN MILES INTERNATIONAL LTD on ninth of February 2012 understanding that the funds constituted proceeds of illegal exercise and also you thereby dedicated an offence opposite to Part 15(2)(b) and punishable underneath Part 15(3) of the Cash Laundering (Prohibition) Act, 2011 (As amended by Act No.1 of 2012).”
Rely 5 additionally said:
“That you just Mrs. Ngozi Olejeme whereas being the Board Chairman of the Nigeria Social Insurance coverage Belief Fund (NSITF) on or in regards to the ninth of February, 2012 in Abuja throughout the jurisdiction of this Honorable Courtroom procured Chuka C. Eze to transform the sum of $2,000,000 (Two Million {Dollars}) into Naira for fee to ADIN MILES INTERNATIONAL LTD while you knew that the mentioned $2,000,000 constituted proceeds of illegal exercise and thereby dedicated an offence opposite to Part 18(c) and punishable underneath Part 15(3) of the Cash Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012).”
Olejeme pleaded not responsible to all the fees once they had been learn to her. Following her plea, the prosecution counsel, Emenike Mgbemele, requested the courtroom for a trial date and indicated the EFCC’s plan to name 14 witnesses to testify within the case.
Nevertheless, the protection counsel, Emeka Ogboguo, SAN, drew the courtroom’s consideration to a pending bail utility, urging the courtroom to grant his consumer bail pending trial.
Justice Emeka Nwite launched the defendant to her counsel and adjourned the case to November 17, 2025, for listening to of the bail utility.
The anti-graft company not too long ago charged an accountant, Oguibe Promise Nkwachukwu of Travelstar Net Logistics Restricted, alongside his firm, Wifamapp Royalty International Restricted, for allegedly stealing N200 million belonging to his employer.
