The Economic and Financial Crimes Commission (EFCC) has arraigned a former Chairman of the Nigeria Social Insurance Trust Fund (NSITF) Board, Mrs. Ngozi Olejeme, for alleged involvement in a ₦1 billion fraud.
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Olejeme was arraigned on Wednesday, October 8, 2025, before Justice Emeka Nwite of the Federal High Court in Maitama, Abuja, on an eight-count charge bordering on money laundering and conversion of funds.
According to the EFCC, she allegedly converted, transferred, and took possession of proceeds of unlawful activities amounting to ₦1 billion while serving as NSITF board chairman.
One of the charges reads:
“That you, Mrs. Ngozi Olejeme, while being the Board Chairman of the Nigeria Social Insurance Trust Fund (NSITF), sometime in February 2012 in Abuja, within the jurisdiction of this Honourable Court, indirectly converted the sum of ₦321,600,000 paid into the Sterling Bank account of ADIN MILES INTERNATIONAL LTD, knowing that the funds constituted proceeds of unlawful activity, thereby committing an offence contrary to Section 15(2)(b) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012).”
Another charge stated that she procured one Chuka C. Eze to convert $2 million into naira for payment to ADIN MILES INTERNATIONAL LTD, knowing the funds were proceeds of unlawful activity.
When the charges were read, Olejeme pleaded not guilty. Prosecution counsel, Emenike Mgbemele, informed the court that the EFCC intended to call 14 witnesses and requested a trial date.
However, her counsel, Emeka Ogboguo, SAN, urged the court to consider a pending bail application. Justice Nwite released the defendant to her counsel and adjourned the matter to November 17, 2025, for the hearing of the bail application.
The EFCC recently charged Oguibe Promise Nkwachukwu of Travelstar Web Logistics Limited and his company, Wifamapp Royalty Global Limited, for allegedly stealing ₦200 million belonging to his employer.
In Lagos, the Commission also arraigned Samson Davies and his firm, Signature Advisory Limited, before Justice Mojisola Dada of the Special Offences Court, Ikeja, for allegedly diverting ₦190.7 million from Ronchess Global Resources Plc. Both pleaded not guilty.
The EFCC reported recovering ₦364.5 billion and $326.5 million in one fiscal year, alongside other assets, while securing 4,111 convictions across Nigerian courts, underscoring its sustained anti-corruption drive.
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