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Former NSTIF board chairman Ngozi Olejeme was arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Emeka Nwite of the Federal High Court in Maitama, Abuja, on Wednesday, October 8, 2025.
Olejeme was hit with eight counts related to ₦1 billion in charges of money laundering, conversion, transfer, and possession.
She is accused of violating Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended) by knowingly transferring ₦321.6 million from the account of Adin Miles International Ltd to her own, while she was serving as chairman of the NSITF board in February 2012.
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She is also accused of helping another man, Chuka C. Eze, transfer two million dollars into Nigerian naira so that she could pay that same company—both counts include the alleged profits of crime.
On all counts, Olejeme entered a not guilty plea.
After her plea, Emenike Mgbemele, the prosecutor, asked for a trial date so that the EFCC could present its 14 witnesses.
Emeka Ogboguo (SAN), her attorney, pleaded with the court to release her on bond until her trial.
The defendant was released to her counsel by Justice Nwite, who adjourned the matter to a hearing on the bail application on November 17, 2025.