In a statement on Friday by EFCC’s Head Media & Publicity, Dele Oyewale said that Olejeme was arraigned on Wednesday before Justice Emeka Nwite of the High Court of the Federal Capital Territory, Abuja, on an eight-count charge bordering on converting, transferring, procuring, and taking possession of proceeds of unlawful activity to the tune of N1 billion.
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has announced the arraignment of a former board chairman of the Nigeria Social Insurance Trust Fund (NSITF), Ngozi Olejeme, before the Federal High Court sitting in Abuja for alleged fraud.
In a statement on Friday by EFCC’s Head Media & Publicity, Dele Oyewale said that Olejeme was arraigned on Wednesday before Justice Emeka Nwite of the High Court of the Federal Capital Territory, Abuja, on an eight-count charge bordering on converting, transferring, procuring, and taking possession of proceeds of unlawful activity to the tune of N1 billion.
One of the counts 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 Honorable Court indirectly converted the sum of N321,600 .000 (Three Hundred and Twenty One Million, Six Hundred Naira) paid into the Sterling Bank plc account of ADIN MILES INTERNATIONAL LTD in 9th of February 2012 knowing that the funds constituted proceeds of unlawful activity and you thereby committed 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).
“That you Mrs Ngozi Olejeme while being the Board Chairman of the Nigeria Social Insurance Trust Fund (NSITF) on or about the 9th of February, 2012 in Abuja within the jurisdiction of this Honorable Court procured Chuka C. Eze to convert the sum of $2,000,000 (Two Million Dollars) into Naira for payment to ADIN MILES INTERNATIONAL LTD when you knew that the said $2,000,000 constituted proceeds of unlawful activity and thereby committed an offence contrary to Section 18© and punishable under Section 15(3) of the Money Laundering (Prohibition Act, 2011 (as amended by Act No 1 of 2012).”
After the charges were read, she pleaded not guilty to all the counts.
In view of her plea, prosecuting counsel, Emenike Mgbemele, asked the court for a trial date to call his 14 witnesses.
However, defense counsel, Emeka Ogbogulo, SAN, called the attention of the court to a bail application, praying the court to grant the defendant bail till the trial date.
Justice Nwite released the defendant to her counsel and adjourned the matter to November 17, 2025, for the hearing of the bail application.