The Economic and Financial Crimes Commission (EFCC) has arraigned former chairperson of the Nigeria Social Insurance Trust Fund (NSITF), Mrs. Ngozi Olejeme, over alleged involvement in a ₦1 billion fraud.
Olejeme appeared before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on Wednesday, October 8, 2025, where she was charged with eight counts bordering on money laundering and unlawful conversion of funds.
According to the EFCC, Olejeme allegedly converted and transferred public funds amounting to ₦1 billion while serving as NSITF board chair. One of the counts accused her of indirectly converting ₦321.6 million into the account of Adin Miles International Limited in February 2012, knowing the funds were proceeds of unlawful activity.
Another charge stated that she procured an associate, Chuka C. Eze, to convert $2 million into naira for payment to the same company, allegedly sourced from illegal proceeds.
Olejeme pleaded not guilty to all charges. The EFCC’s prosecution counsel, Emenike Mgbemele, informed the court of plans to call 14 witnesses, requesting a trial date. Her defense counsel, Emeka Ogboguo (SAN), sought bail for his client pending trial.
Justice Nwite granted temporary release to Olejeme through her counsel and adjourned the case to November 17, 2025, for hearing of the bail application.
The EFCC recently intensified its anti-corruption drive, securing over 4,000 convictions and recovering ₦364.5 billion and $326.5 million within one fiscal year. The Commission reaffirmed its commitment to pursuing high-profile financial crimes across sectors.
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