GREEDY Ngozi Olejeme – Ole Thief Politician Nigerian Social Insurance NSITF Robber 66 Billion Naira Loot ! www.loot.i.ng
Justice Taiwo Taiwo of the Federal High Court, Abuja, on Wednesday, July 1, 2020, ordered the interim forfeiture of 48 choice properties, allegedly belonging to the former chairperson of Nigerian Social Insurance Trust Funds, NSITF, Ngozi Olejeme.
Mrs Olejeme who was also the Treasurer of the Jonathan-Sambo Campaign Organisation in 2015 has been on the run since 2016 and was in September, 2017, declared wanted by the Economic and Financial Crimes Commission, EFCC for criminal conspiracy, abuse of oﬃce, diversion of public funds and money laundering.
She was alleged to have, along with Umar Munir Abubakar, former managing director of NSITF, mismanaged and diverted over N69 billion, belonging to the federal government into their personal accounts through the award of spurious contracts to proxy companies.
The forfeiture order was granted after counsel to the EFCC, Ekele Iheanacho, convinced the court that the said properties were purchased with proceeds of crime. He buttressed his position with 14 exhibits, attached to his affidavit, filed on May 29, 2020.
In granting the application, Justice Taiwo ruled that the interim order should be published in a leading newspaper within seven days of receipt of the order and for any interested party to show cause within 14 days as to why the properties should not be permanently forfeited to the federal government.
COURT ORDERS INTERIM FORFEITURE OF OLEJEME’S ASSETS
He adjourned the matter till July 27, 2020.
Trouble began for Mrs Olejeme, who was NSITF chairman from 2009 to 2015, when the EFCC in 2016, received two petitions detailing multi-billion naira fraud allegations against her, Mr Abubakar and some bureau-de-change operators.
The Nigeria Social Insurance Trust Fund (NSITF) has claimed the ownership of the 46 properties seized from its former chairman, Ngozi Olejeme, by the Economic and Financial Crimes Commission (EFCC).
The News Agency of Nigeria (NAN) reports that the 46 properties, including houses and parcels of land, are located in states like Bayelsa, Delta, Edo and Abuja.
Justice Taiwo Taiwo had, on July 1, granted the ex-parte application by the EFCC for temporary forfeiture of the identified property.
Justice Taiwo directed the EFCC to publish the order in a national daily to enable anyone who is interested in the affected property to show cause, within 14 days, why the asset should not be permanently forfeited to the Federal Government.
When the case came up before Justice Taiwo, the management of the NSITF, through its Counsel, Okereke Ezechi, appeared before the court to claim ownership of the property.
Mr Ezechi, who filed a motion to that respect, urged the court to pass the property to NSITF should they be permanently forfeited to the Federal Government.
He said that NSITF was the principal victim of the alleged crimes purportedly committed by Olejeme, who served as the chairman of the agency’s management board between 2009 to 2015.
The lawyer stated that the property suspected to have been acquired by Ms Olejeme, through proceeds of crime, were allegedly acquired with funds stolen from NSITF.
Mr Ezechi, in a supporting affidavit, claimed that N62 billon was received during Ms Olejeme’s tenure, but was allegedly diverted through phoney contracts.
“NSITF received N62 billion as grants and mandatory contributions from the Federal Government and the private sector employers for the implementation of the employees’ compensation scheme designed to provide fair and adequate compensation to employees who are victims of workplace or work related injuries.
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“Within the tenure of Ngozi Olejeme as the Chairperson of the Management Board of the NSITF, several contracts/consultancy services were not executed, but heavily paid for.
“Some of the contractors/consultants, who were awarded contracts and consultancy services running into billions of naira and never executed them, but fully pad by the NSITF under strict instructions from Ngozi Olejeme, are Excellent Solicitors & Consultants, who was paid over N1 billion under the guise of consultancy services which was never executed; Fountain Legal Services and Fountain Media Consults was paid N5,984,056,110.00; Hybrid Investment Advisors Ltd, etc.
“During the tenure of Ngozi Olejeme as Chairperson of the Management Board of the NSITF, over N60 billion was transferred out of the account of the NSITF with instruction and authorisation by Ngozi Olejeme under the guise of payment for contracts and consultancy services purportedly executed in total breach of procurement requirements.
“The NSITF, since after the tenure of Ngozi Olejeme and following the monumental withdrawals from its account of monies amounting to several billions of naira, has been grappling with the difficulty of fully implementing the employees’ compensation scheme due to paucity of funds occasioned by the fraudulent misappropriation of funds contributed by the Federal Government and private employers for the scheme.
“It is so bad that the management board of the NSITF had to go borrowing funds to meet up with its statutory obligation of payment of fair and adequate compensation to employees who are victims of workplace or work related hazard and payment of salary to staff.
“The property listed by the applicant in this suit for an order of forfeiture were acquired by Ngozi Olejeme during the period she served as chairperson of the management board of the NSITF and the monies that she used in acquiring the said property were funds belonging to the NSITF,” the affidavit read in part.
It alleged that all legitimate entitlements or benefits of Ms Olejeme for the period she served as chairman of the management board of the agency could not have purchased her all the property listed in the suit. (NAN)