The Financial and Monetary Crimes Fee (EFCC) on Wednesday, October 8, 2025, arraigned Ngozi Olejeme, a former board chairman of the Nigeria Social Insurance coverage Belief Fund (NSITF), earlier than Justice Emeka Nwite of the Federal Excessive Court docket, Maitama, Abuja.

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Olejeme was docked on eight counts bordering on cash laundering, conversion, switch, and possession of proceeds of illegal actions totaling ₦1 billion.

One of many costs alleges that, whereas serving as NSITF board chairman in February 2012, she not directly transformed ₦321.6 million paid into the account of Adin Miles Worldwide Ltd, realizing it was a part of proceeds from illegal exercise—an offence opposite to Part 15(2)(b) of the Cash Laundering (Prohibition) Act, 2011 (as amended).

One other depend accuses her of procuring one Chuka C. Eze to transform $2 million into naira for cost to the identical firm, additionally alleged to be proceeds of crime.

Olejeme pleaded not responsible to all the fees.

Following her plea, prosecution counsel Emenike Mgbemele requested a trial date to allow the EFCC name its 14 witnesses.

Her counsel, Emeka Ogboguo (SAN), urged the court docket to grant her bail pending trial.

Justice Nwite launched the defendant to her counsel and adjourned the case to November 17, 2025, for listening to on the bail utility.