The Economic and Financial Crimes Commission (EFCC) on Wednesday, arraigned Ngozi Olejeme, a former board chairman of the Nigeria Social Insurance Trust Fund (NSITF) before a Federal High Court in Maitama, Abuja.
Olejeme was docked on eight counts bordering on money laundering, conversion, transfer, and possession of proceeds of unlawful activities totaling ₦1 billion.
One of the charges alleges that, while serving as NSITF board chairman in February 2012, she indirectly converted ₦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).
Another count accuses her of procuring one Chuka C. Eze to convert $2 million into naira for payment to the same company, also alleged to be proceeds of crime.
Olejeme pleaded not guilty to all the charges.
Following her plea, prosecution counsel Emenike Mgbemele requested a trial date to enable the EFCC call its 14 witnesses.
Her counsel, Emeka Ogboguo (SAN), urged the court to grant her bail pending trial.
The presiding judge, Justice Emeka Nwite, released the defendant to her counsel and adjourned the case to November 17, 2025, for hearing on the bail application.
