Home Life Style Good News – Alleged N1bn Fraud: EFCC Arraigns Ex-NSITF Chairman, Olejeme

Good News – Alleged N1bn Fraud: EFCC Arraigns Ex-NSITF Chairman, Olejeme

by Good News

Good News – A file picture of Dr Ngozi Olejeme.The Financial and Monetary Crimes Price (EFCC) on Thursday arraigned a outmoded Board Chairman of the Nigeria Social Insurance protection Belief Fund (NSITF), Dr Ngozi Olejeme, earlier to Justice Maryam Aliyu of the Federal Capital Territory (FCT) Excessive Court, Jabi in Abuja.Dr Olejeme used to be arraigned on nine counts bordering on prison conspiracy, abuse of office, diversion of public funds and cash laundering.She used to be alleged to include abused her place to invent over N1.384 billion and $48,485,127 whereas in office.The offence, in accordance to the EFCC, contravenes the provisions of Sections 8, 9 (1) (b) (1), punishable below the Snide Put together and Varied Connected Offence Act 2000 and Sections 17, (1) (2), 39 of EFCC (Establishment) Act, 2004 and punishable below the identical allotment.Count three of the charge read, “That you simply Dr. (Mrs.) Ngozi Olejeme being the outmoded Board Chairman of Nigeria Social Insurance protection Belief Fund (NSITF), sometime between 2012 and 2015 in Abuja within the jurisdiction of the Excessive Court of the Federal Capital Territory, Abuja, whereas being entrusted with dominion over cash belonging to the Nigerian Social Insurance protection Belief Fund (NSITF) dishonestly got the sum of N350,000,000.00 (Three Hundred and Fifty Million Naira), the sum used to be paid into In a put Jes Nigeria Restricted GT Bank Memoir No. 323277283110, a firm you include got gotten hobby and dilapidated your dwelling to confer unfair advantage upon the said firm by receiving diversified payments from BDCs; the sum of N20,670,000.00 (Twenty Million, Six Hundred and Seventy Naira) by one Hassan Kano, a BDC Operator on the 26th April, 2013; the sum of N236,350,000.00 (Two Hundred and Thirty Six Million, Three Hundred and Fifty Thousand Naira) paid by one Musa Adamu, a BDC Operator on the 21st of April, 2013; the sum of N20,670,000.00 (Twenty Million, Six Hundred and Seventy Thousand Naira) paid by Mansur Abubakar, a BDC Operator on the 30th April, 2013; the sum of N16,160,000.00 (Sixteen Million, One Hundred and Sixty Thousand Naira paid by one Dauda Bullama on the 30th April, 2013; and the sum of N36,570,000.00 (Thirty Six Million, Five Hundred and Seventy Thousand Naira) paid by one Sauki, BDC Operator on the 8th of Would possibly maybe perchance well, 2013 thereby committing an offence contrary to Allotment 19 and punishable below the identical Allotment of the Snide Practices and Varied Connected Offence Act, 2000.”Count four read, “That you simply Dr (Mrs) Ngozi Olejeme being the outmoded Board Chairman of Nigeria Social Insurance protection Belief Fund (NSITF) steadily between 2012 and 2015 in Abuja within the jurisdiction of the Excessive Court of the Federal Capital Territory, Abuja, whereas being entrusted with dominion over cash belonging to the Nigeria Social Insurance protection Belief Fund (NSITF) got profit to doing a favour within the discharge of your first charge duties to (NSITF) by receiving the sum of N505,000,000.00 (Five Hundred and Five Million Naira) from Sir Adebayo Adebowale Aderibigbe which used to be sourced from the monies paid by (NSTTF) to Fountain Media Consults Ltd and Fountain Upright Services accounts as kickbacks and thereby committed an offence Contrary to Allotment 8(i) (b) (ii) and punishable below Allotment 8(D) (i) of the Snide Practices and Varied Connected Offences Act, 2000.”The defendant pleaded ‘now not guilty’ when the counts were read to her. Upon her plea, counsel to the EFCC, Steve Odiase, asked for a trial date.The defence counsel, Paul Erokoro, told the courtroom of a pending bail software program which used to be filed on October 18 and informed the courtroom to grant his client bail on self-recognisance or within the alternative, within the most liberal phrases.He told the courtroom that his client used to be now not a flight risk as she voluntarily returned to Nigeria when she heard that the prosecution wished to demand her.Erokoro further acknowledged that the bail software program used to be predicated on medical grounds as the defendant has been diabetic and hypertensive for 30 years, and has had four predominant surgeries within the usand South Africa.He said the defendant’s recent medical tale from Federal Scientific Centre, Jabi printed that she required end medical monitoring as her medical insist would perchance maybe end result in a medical emergency.The prosecuting counsel did now not oppose the bail software program but informed the courtroom to refuse the grant of bail on self-recognisance as urged by the defence counsel.Justice Aliyu, thereafter, adjourned the case till Friday for ruling on the bail software program and remanded the defendant within the custody of the EFCC.

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