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 in Maitama, Abuja, on Wednesday, October 8, 2025. She faces an eight-count charge bordering on money laundering and unlawful conversion of public funds.
According to the EFCC, Olejeme allegedly converted, transferred, and took possession of funds linked to unlawful activities during her tenure as NSITF board chair. One of the charges claims she converted ₦321.6 million into the Sterling Bank account of Adin Miles International Limited in February 2012, knowing the money was illicit.
Another count accuses her of procuring one Chuka C. Eze to convert $2 million into naira for payment to the same company, which the prosecution described as proceeds of crime.
Olejeme pleaded not guilty to all charges. Following her plea, the EFCC’s counsel, Emenike Mgbemele, requested a trial date and said the Commission plans to call 14 witnesses.
Her defense counsel, Emeka Ogboguo, SAN, asked the court to consider a pending bail application and grant his client bail pending trial. Justice Nwite released Olejeme to her lawyer and adjourned the case to November 17, 2025, for hearing on the bail motion.
The EFCC has intensified its prosecution of corruption-related cases in recent months. In a related matter, the Commission charged accountant Oguibe Promise Nkwachukwu and his firm, Wifamapp Royalty Global Limited, with allegedly stealing ₦200 million from their employer.
Similarly, the Lagos Zonal Directorate of the EFCC arraigned Samson Davies and Signature Advisory Limited before Justice Mojisola Dada of the Special Offences Court, Ikeja, for allegedly diverting ₦190.7 million belonging to Ronchess Global Resources Plc. Both defendants pleaded not guilty.
The EFCC reported recovering ₦364.5 billion, $326.5 million, and other assets within a recent fiscal year, securing 4,111 convictions nationwide as part of its ongoing fight against financial crimes.
