EFCC Detains Ex NSITF Boss Over Alleged $48m Fraud
The Economic and Financial Crimes Commission (EFCC), has arrested a former Managing Director of Nigeria Social Insurance Trust Fund (NSITF), Dr. Ngozi Olojeme, over alleged diversion of $48,485,127.
The cash was said to be the Federal Government’s contribution to take-off grants and Employees Compensation Scheme (ECS) for Ministries Departments and Agencies (MDAs).
Other arrested officials are Henry Ekhasomi Sambo, Adebayo Adebowale Aderibigbe, Chief Richard U. Uche and Aderemi Adegboyega.
According to a source, the ex-NSITF chairman reported to EFCC after going underground for a while.
The source said: “We have been investigating over N62.3billion fraud in NSITF during Olojeme’s tenure between 2009 and 2015. Out of the sum, preliminary findings indicated that the ex-NSITF boss allegedly diverted $48, 485, 127.
“She allegedly used her account officer in First Bank of Nigeria (FBN) to collect the $48.4m from some NSITF contractors through a BDC operator.”
The source said: “Olojeme has made useful statement to our team of investigators. We are probing clues that some of the looted cash had been diverted to the prosecution of the 2015 general election because Olojeme was the Deputy Chairman, Finance Committee, of the Goodluck Jonathan Presidential Campaign Organisation.
“From preliminary findings, she is likely to face trial like other top officers of NSITF.”