Ngozi Olejeme, a former board chairperson of the Nigeria Social Insurance Trust Fund (NSITF), has been arraigned by the Economic and Financial Crimes Commission (EFCC) before Federal High Court Judge Emeka Nwite in Maitama, Abuja, on Wednesday, October 8, 2025.
Olejeme was found guilty on eight counts involving money laundering, conversion, transfer, and possession of ₦1 billion in proceeds from illegal activity.
One of the charges alleges that, while serving as NSITF board chairman in February 2012, she indirectly diverted ₦321.6 million paid into the account of Adin Miles International Ltd, knowing it was part of proceeds from unlawful activity—an offence contrary to Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended).
She was also accused in another count of obtaining Chuka C. Eze to convert $2 million into naira for payment to the same business, which is likewise purported to be the profits of criminal activity.
Olejeme however entered a not guilty plea to every allegation.
Emenike Mgbemele, the prosecution’s lawyer, asked for a trial date after her plea so that the EFCC could bring its 14 witnesses.
Emeka Ogboguo (SAN), her lawyer pleaded with the court to grant her bail as she awaited trial.
Following the plea, Justice Nwite released the defendant to her counsel and adjourned the case to November 17, 2025, for hearing on the bail application.
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