The Economic and Financial Crimes Commission (EFCC) has arraigned former chairman of the Nigeria Social Insurance Trust Fund (NSITF), Ngozi Olejeme, before Justice Emeka Nwite of the Federal High Court in Maitama, Abuja, over allegations of money laundering and unlawful conversion of public funds.
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The EFCC brought Olejeme to court on Wednesday, October 8, 2025, on an eight-count charge involving the alleged laundering and possession of ₦1 billion suspected to be proceeds of crime.
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According to the charges, Olejeme, while serving as the board chairman of NSITF in February 2012, allegedly converted ₦321.6 million into the account of Adin Miles International Ltd, funds believed to have been derived from unlawful activities.
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The prosecution also accused her of instructing one Chuka C. Eze to convert $2 million into naira for payment to the same company, which the EFCC said was part of the proceeds of crime.Olejeme denied all allegations when the charges were read in court.
Following her plea, the prosecution counsel, Emenike Mgbemele, requested that the court fix a date for trial, stating that the EFCC plans to call 14 witnesses to testify against the defendant.Her defence counsel, Emeka Ogboguo (SAN), urged the court to grant her bail pending trial.
Justice Nwite granted temporary release to Olejeme under the supervision of her counsel and adjourned the case until November 17, 2025, for the hearing of the bail application.
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