By Newspot Nigeria News Desk
The Economic and Financial Crimes Commission (EFCC) has arraigned a former board chairman of the Nigeria Social Insurance Trust Fund (NSITF), Mrs. Ngozi Olejeme, before Justice Emeka Nwite of the Federal High Court in Maitama, Abuja, on charges of money laundering and corruption involving over ₦1 billion.
According to the anti-graft agency, Mrs. Olejeme was arraigned on Wednesday, October 8, 2025, on an eight-count charge bordering on converting, transferring, procuring, and taking possession of proceeds of unlawful activity while serving as NSITF board chair.
One of the charges alleged that she indirectly converted ₦321.6 million into the account of ADIN Miles International Ltd, knowing the funds were proceeds of unlawful activity, contrary to Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended). Another charge accused her of procuring one Chuka C. Eze to convert $2 million for the same company.
Mrs. Olejeme pleaded not guilty to all charges. Prosecution counsel, Emenike Mgbemele, requested a trial date to call 14 witnesses, while defense counsel, Emeka Ogboguo (SAN), prayed the court to grant bail to the defendant pending trial.
Justice Nwite released Mrs. Olejeme to her counsel and adjourned the case to November 17, 2025, for hearing on the bail application.
Source: SouthWest NGR Blg
