News, Politics

Ngozi Olojeme Arrested 

Dr. Ngozi Olojeme, former Chairman of the Nigeria Social Insurance Trust Fund (NSITF) and Deputy Chairman, Finance Committee of the Goodluck Jonathan Campaign Organisation in the 2015 presidential election has been arrested by the Economic and Financial Crimes Commission (EFCC).

Dr. Ngozi Olojeme

A source at the EFCC disclosed that: “After months of running, Mrs. Olojeme finally turned herself in. She is currently being detained and we have identified most of her properties.”

EFCC report also revealed that: “It was discovered that the NSITF accounts in First Bank of Nigeria and other banks have witnessed a total turnover of over N62,358,401,927 between 2012 and 2015 from the Employee Compensation Scheme contributions. That out of the N62bn, the Federal Government contributed N13,600,000,000 while the sum of N48,758,401,927.80 was contributed by the private sector. That there were several payments to individuals and companies from the NSITF bank accounts for purported contracts or consultancy services.”
“That some individuals and companies that received these payments in turn transferred parts of the funds directly to the NSITF officials while others transferred huge sums to bureau de change operators who changed them to dollars. That through this process, Dr. Ngozi Olojeme, the then NSITF board chairman, has collected a total sum of $48,485,127 from Mr. Chuka Eze (her account officer at FBN) which cash he collected on her behalf being the dollar equivalent of money paid to BDCs by NSITF contractors.”

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Be that as it may, Olojome who served as the Chairman, NSITF from 2009 to 2015, was in June declared wanted for allegedly diverting N69 billion from the agency. She is the wife of late Felix Obuah, Chief Security Officer (CSO) to former President Goodluck Jonathan. Olojeme we learnt fled the country following her sack by President Muhammadu Buhari in 2015.