In News by Oluwaseun Samuel on the 02nd, July, 2020

Ex-Chairman Of Nigerian Social Insurance coverage Belief Fund Loses 48 Luxurious Homes Allegedly Acquired Fraudulently

Ex-Chairman Of Nigerian Social Insurance Trust Fund Loses 48 Luxury Houses Allegedly Acquired Fraudulently

Ngozi Olejeme.


The Financial and Monetary Crimes Fee has gotten a courtroom order forfeiting 48 luxurious properties in Bayelsa and Abuja belonging to Ngozi Olejeme.


She is accused of buying the properties by misappropriating and stealing from authorities when she was the treasurer of Nigerian Social Insurance coverage Belief Fund, NSITF.


The affected properties are unfold throughout the Federal Capital Territory, Abuja, Bayelsa, Enugu, Edo and Delta states.


Mrs Olejeme who was additionally the Treasurer of the Jonathan-Sambo Marketing campaign Organisation in 2015 has been on the run since 2016 and was in September, 2017, declared wished by the Financial and Monetary Crimes Fee, EFCC for prison conspiracy, abuse of office, diversion of public funds and cash laundering.


She was alleged to have, together with Umar Munir Abubakar, former managing director of NSITF, mismanaged and diverted over N69 billion, belonging to the federal authorities into their private accounts via the award of spurious contracts to proxy firms.


The forfeiture order was granted after counsel to the EFCC, Ekele Iheanacho, satisfied the courtroom that the stated properties had been bought with proceeds of crime. He buttressed his place with 14 displays, hooked up to his affidavit, filed on Might 29, 2020.


In granting the applying, Justice Taiwo dominated that the interim order must be revealed in a number one newspaper inside seven days of receipt of the order and for any occasion to point out trigger inside 14 days as to why the properties shouldn’t be completely forfeited to the federal authorities.

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He adjourned the matter until July 27, 2020.


Bother started for Mrs Olejeme, who was NSITF chairman from 2009 to 2015, when the EFCC in 2016, obtained two petitions detailing multi-billion naira fraud allegations in opposition to her, Mr Abubakar and a few bureau-de-change operators.


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