Former NSITF Chair Ngozi Olejeme Arraigned Over N1 Billion Fraud

The Economic and Financial Crimes Commission (EFCC) arraigned former Nigeria Social Insurance Trust Fund (NSITF) Board Chairman, Mrs. Ngozi Olejeme, on Wednesday, October 8, 2025, before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja. She faces an eight-count charge of converting, transferring, procuring, and taking possession of proceeds of unlawful activity amounting to one billion naira.

The charges allege that while serving as NSITF Board Chairman in February 2012, Mrs. Olejeme converted over 321 million naira into the account of ADIN MILES INTERNATIONAL LTD, knowing the funds were proceeds of unlawful activity. One count further accuses her of procuring the conversion of two million US dollars into naira for payment to the same company under similar unlawful circumstances. She pleaded not guilty to all charges.

Prosecution counsel Emenike Mgbemele requested a trial date to call 14 witnesses, while defense counsel Emeka Ogbogulo, SAN, applied for bail for Mrs. Olejeme pending trial. The court adjourned the case, setting the bail hearing for a future date.

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This arraignment is part of ongoing EFCC efforts to prosecute alleged corrupt practices involving significant public funds during Mrs. Olejeme’s tenure at NSITF. Past related cases have involved accusations of abuse of office, diversion of public funds, money laundering, and awarding of contracts without due process with sums exceeding one billion naira