The Economic and Financial Crimes Commission (EFCC), on October 8, brought Ngozi Olejeme, former board chairman of the Nigeria Social Insurance Trust Fund (NSITF), before Justice Emeka Nwite at the Federal High Court in Maitama, Abuja.
Olejeme faces an eight-count charge involving the alleged conversion, transfer, procurement, and possession of proceeds from illegal activities amounting to N1 billion.
One charge alleges that in February 2012, Olejeme indirectly converted N321.6 million, paid into the Sterling Bank account of Adin Miles International Ltd, knowing it was derived from unlawful activities, violating Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011.
Another count claims she procured Chuka C. Eze to convert $2 million into Naira for the same company, aware that the funds were proceeds of illegal activity, contravening Section 18(c) of the same Act.
Olejeme pleaded not guilty to all charges. The prosecution, led by Emenike Mgbemele, requested a trial date to present 14 witnesses.
Defense counsel Emeka Ogbogulo, SAN, sought bail for Olejeme, which Justice Nwite granted, releasing her to her counsel. The bail application hearing was adjourned to November 17, 2025.
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