EFCC Arraigns Ex-NSITF Chair Ngozi Olejeme For Alleged N1 Billion Money Laundering
The Economic and Financial Crimes Commission (EFCC) has arraigned former Chairman of the Nigeria Social Insurance Trust Fund (NSITF), Ngozi Olejeme, before a Federal High Court in Abuja for allegedly laundering N1 billion.
In a statement on Friday, EFCC spokesperson Dele Oyewale said Olejeme is facing an eight-count charge bordering on money laundering, criminal conversion, and possession of illicit funds.
According to the EFCC, while serving as NSITF board chairman in February 2012, Olejeme allegedly diverted N321.6 million into the Sterling Bank account of Adin Miles International Limited.
She was also accused of directing one Chuka C. Eze to convert $2 million into naira for the same company, knowing that the money was proceeds of unlawful activity.
Olejeme pleaded not guilty to all eight charges when they were read in court.
Prosecuting counsel, Emenike Mgbemele, asked the court to fix a trial date and informed the judge that 14 witnesses would testify against the defendant.
Her lawyer, Emeka Ogboguo (SAN), urged the court to grant her bail pending trial.
Justice Nwite granted Olejeme temporary release to her counsel and adjourned the case until November 17, 2025, for the hearing of her bail application.
