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The Digest:

The Economic and Financial Crimes Commission (EFCC) has arraigned Ngozi Olejeme, former Board Chairman of the Nigeria Social Insurance Trust Fund (NSITF), on eight counts of money laundering and possession of illicit funds totaling ₦1 billion.

  • Ngozi Olejeme was arraigned before the Federal High Court in Abuja on eight counts.
  • The charges include money laundering, conversion, and possession of unlawful proceeds.
  • One count alleges she indirectly converted ₦321.6 million into a company account.
  • Another count accuses her of procuring the conversion of $2 million for the same purpose.
  • Olejeme pleaded not guilty to all charges brought against her.
  • The EFCC plans to call 14 witnesses to prove its case.
  • The judge released her to her counsel and adjourned the case until November 17 for a bail hearing.
This arraignment marks a pivotal moment in a case that tests the resolve to hold leadership accountable for the alleged plunder of public safety nets.

Sources: Daily Post