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Ngozi Olojeme’s 46 Houses Seized

These are not the best of times for Dr. Ngozi Olojeme as a Federal High Court in Abuja has ordered the temporary forfeiture of 46 properties allegedly belonging to her.

The court order showed that the properties are located in several locations in Abuja, Delta, Enugu and Bayelsa States. The properties comprise 27 buildings, including a bank, office buildings and houses, at various stages of development and several pieces of undeveloped land.

Some of the properties include: a twin duplex office building – Plot R/151 (No. 30A) Kingsway Road, Old GRA, Enugu State; a parcel of land measuring 4833.241 sq. metres located at Uberi Bush along Mbiama Road, Akenta, Yenegoa, Bayelsa State; and a parcel of land located at Igbandaden Bush, Emeya 2 Town, Ogbia LGA, Bayelsa.

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Others include: Properties located at 196, Melford Okilo Road, Amarata-Epie, Yenegoa, Bayelsa State (six units of one bedroom apartments, one unit of five bedroom bungalows, a block of six units of office space); a mansion at 24 Kainji Crescent, Maitama, Abuja and a bank building (former Intercontinental Bank) located at Plot No. 933 Cadastral Zone B01, Gudu District, Abuja

She was the Chairman of Nigeria Social Insurance Trust Fund and is wanted in a case of criminal conspiracy, abuse of office, diversion of public funds and money laundering.

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The former chairman is alleged to have, along with Mr Umar Munir Abubakar, the former Managing Director of NSITF, mismanaged and diverted well over N69b in government funds into their personal accounts through the award of suspicious and bogus contracts to proxy companies.

Olojeme who served as the Chairman of the Nigeria Social Insurance Trust Fund from 2009 to 2015 was in June declared wanted for allegedly diverting N69bn from the agency but turned herself.