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N62.3b fraud: EFCC freezes 30 accounts of ex-NSITF boss, seizes 37 assets

Former Chairman of the Nigerian Social Insurance Trust Fund, Dr. Ngozi Olojeme.

The Economic and Financial Crimes Commission (EFCC) has frozen 30 accounts and seized 37 assets  allegedly belonging to the former Chairman of the Nigerian Social Insurance Trust Fund, Dr. Ngozi Olojeme.

The agency had earlier linked 38 houses to Olojeme but it has obtained a court order to seize 37.

In one of the houses at No. 25, Kainji Crescent, Off Lake Chad Crescent, Maitama , Abuja, the EFCC detectives were said to have uncovered a state of the art bathroom suspected to have cost about $2m to $4million.

The EFCC is probing about N62.3billion fraud in NSITF with $48,485,127 credited to Olojeme.

The ex-NSITF, who was grilled by the EFCC in January, is still placed on administrative bail with a responsibility to report fortnightly for interaction.

But the EFCC however yesterday said Olojeme was yet to admit that she committed any fraud while in office.

She insisted that she was innocent of all the allegations against her in spite of the fact that her Account Officer, Chuka Eze has spilled the bean.

Findings by our correspondent revealed that the probe of Olojeme has reached a level for her arraignment in court by the anti-graft agency.

A top source, who spoke in confidence during an update session yesterday, said: “We have frozen 30 accounts traced to Olojeme in some banks. But our detectives discovered that she is the kind of person who does not keep huge money in these accounts. In some of these accounts, there were funds ranging from N20million to N30million, which were insignificant compared to slush funds traced to her.

“Investigation confirmed that the cash looted in NSITF was evacuated under the guise of  award of contracts. The contract sum will be paid to a company and her Account Officer will pick the raw cash and go to  Bureaus De Change(BDCs).

“The Account Officer, who has made startling revelations was actually what our detectives termed ‘clearing and forwarding’ for her.

“When we confronted her with our findings, she refused to admit committing any infractions while in office. She refused to admit having been confident that all the slush funds were withdrawn in cash.

“So far, she is ready to go through the rigours of trial. We are already seeking legal advice on whether or not she should be arraigned with other management staff of NSITF or be tried separately.

“Already, the EFCC has arraigned a former Managing Director of Nigeria Social Insurance Trust Fund (NSITF), Umar Munir Abubakar and four others for alleged diversion of N18billion out of the sum in question.

“The others are Deputy General Manager, Finance Henry Ekhasomi Sambo; General Manager, Legal Adebayo Adebowale Aderibigbe; Chief Richard U. Uche and Aderemi Adegboyega.”

Responding to a question, the source added: “We discovered a state of the art bathroom in one of her houses at No. 25, Kainji Crescent, Off Lake Chad Crescent, Maitama , Abuja. The EFCC is suspecting that the bathroom might have cost about $2m to $4million.

“At the appropriate time after final forfeiture of the mansion, Nigerians will have access to the amazing bathroom.”

Meanwhile the EFCC has secured a court order to seize 37 out of 38 houses allegedly traced to Olojeme.

The seizure followed an Interim Forfeiture Order by Justice A. I. Chikere of the Federal High Court, Abuja.

The order said in part: “An order of interim attachment/forfeiture of the asset attachment of the properties set out in the schedule attached herein.

“An Order stopping any disposal, conveyance, mortgage, lease, sale or alienation or otherwise of the properties/assets described in the schedule attached herein.

“An Order authorizing the Economic and Financial Crimes Commission to appoint competent persons/firm to manage the assets/properties listed in the schedule herein,  temporarily forfeited to the Federal Government pending the conclusion of investigation and determination of criminal charges against the suspects.

“And for such further or other orders as this honourable court may deem fit in the circumstances of this cases.

“It is hereby ordered as follows: that the order is granted as prayed.  That the order made is to last for 6 months. That no order as to cost.”

The EFCC had in a report gave the details of findings against the ex-NSITF boss.

The report said in part: “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 monies paid to BDCs by NSITF contractors.

“She and others also diverted huge cash allocated for allowances of its staff and compensation to contributors. Detectives actually traced some of the NSITF funds in the personal accounts of Olojeme and the former MD, Umar Abubakar.

“For instance Abubakar and others dishonestly converted to N18billion, being contribution from the Federal Government of Nigeria as take-off grants and Employees Compensation Scheme (ECS) for MDAs.

“The said sum was diverted into personal accounts by an e-payment mandate jointly signed by Umar Munir Abubakar and Henry Ekhasomi Sambo.”

The report added: “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 part of the monies directly to the NSITF officials while others transferred huge sums to bureau de change operators who changed them to dollars.”

The assets and their locations 

  • Plot R/151(No. 30A) Kingsway Road, Old GRA, Enugu. Registered at Enugu Land Registry as No. 5 Page 5 in Volume 1659
  • Parcel of land measuring 4833.241 Sq. Metres located at Uberi Bush along Mbiama Road, Yenagoa, Bayelsa State
  • Parcel of land located at Igbanadan Bush, Emeya 2 Town Ogbia LGA in Bayelsa State.
  • Properties located at 196, Melford Okilo Road, Amarata-Epie, Yenagoa, Bayelsa State
  • Properties located at No. 25, Kainji Crescent, Off Lake Chad Crescent, Maitama , Abuja.
  • Property located at Plot No. 933 Cadastral Zone B01, Gudu District, Abuja
  • All that piece/parcel of land with C of O No. DSTR 1227 and the properties therein also known Umuezeafada family land located at KM 9, Asaba-Benin Express Road, Asaba, Delta State.
  • Plot 124 Cadastral Zone A02 Wuse Known as No. 30, Tunis Street, Off Lusaka Street, Wuse Zone 6, Abuja
  • Plot 3115 Cadastral Zone A04 Asokoro, Abuja.
  • Plot 2271 Cadastral Zone E12 Orozo, Abuja.
  • All that piece of land with C of O No. DTSR638 and the properties therein also known as Plot 101, Phase 1, Block 1 Core Area, Asaba Delta State
  • All that piece /parcel of land also known as Plot 1c, 3 and 4 Phase IV, Block 111 Core Area, Asaba, Delta State with C of O No. DTSR 1194.
  • No. 20 DBS Road, Asaba, Delta State
  • House/Flat 86, 11 Crescent, Kado Estate, Abuja
  • All that Piece/parcel of land and properties therein located at Ogbe Onishe Village in Umagwu Quarters, Asaba, Oshimili South LGA of Delta State also known as Luxury Suites and Resort Hotel, located off Nnebisi Road, Asaba
  • Properties located at No. 204 Nnebisi Road, Asaba beside STANBIC IBTC Bank
  • All that piece or parcel of land and properties thereof located at Elibujor Layout, Opp DLA office, Asaba Oshimili South LGA of Delta State. NSITF office located at Asaba Benin Expressway by Nuel Ojay Junction, Asaba.
  • Plot Nos 29 and 31 of  Umonyia Ejedeofor Family Layout Ibusa Road located along Benin-Asaba Expressway, Asaba, Delta State
  • All that piece/parcel of land with C of O No. DSTR 16326 and the properties therein also known as Plots 104 and 105, Block IV, Phase V, Core Area, Asaba, Delta
  • All that piece/parcel of land with C of O, No. DSTR 55853 and the properties therein also known as Plot 34. Phase 111, Block IV, Core Area. Asaba, Delta State
  • Properties located at No. 17, Ebenuwa Street, Off Nnebisi Road, Asaba, Delta State
  • No. 3D Opolo, Old Commissioners Quarters, Yenagoa, Bayelsa State
  • All that piece/parcel of land also known as plots 7,8,11,12,15,16,19, 20,23, and 24 Phase IV, Block 111, Core Area, Asaba, Delta State with C of O No. DSTTR1194
  • All that piece/parcel of land with C of O No. DSTR15303 and the properties therein also known as Plot No. 16 Central Spine Phase IV, Asaba, Oshimili South LGA of Delta State
  • All that piece/parcel of land  with C of O No. DSTR 16325 and the properties therein also known as  Plots 109 and 110, Block IV, Phase V, Core Arae, Asaba Delta State
  • All that piece/parcel of land with C of O No. DSTR 13807 and the properties therein measuring 80.532 hectares in Aboha-Ogwashi-Uku(Layout) at Aniocha LGA. Delta State.
  • All that piece/parcel of land with C of O No. DSTR 15046 and the properties therein also known as Plots 96, 97, and 98 Layout Survey of Block 1, Bridge-Head, Asaba, Oshimili South LGA of Delta State measuring 6.684 hectares
  • All that piece/parcel of land and the properties therein located at No. 42 Lawrence Road Akintola via Okpe Road, Sapele, Delta State measuring 1274.95 Square Meters and registered at Land Registry Asaba as No. 8 at page in Vol at 8
  • All that piece/parcel of land and the properties therein located at Orugbe Bush, Emeyal 11 Town Ogbia LGA, Bayelsa measuring 3, 625.493 Square Metres.
  • All that piece/parcel of land and the properties therein located at No 6 Sir C.A. Aghara Drive off Okpanam Road by NNPC Filling Station, Asaba, Delta State
  • All that piece/parcel of land and the properties therein located at Oduke, Off Uche Nwembu Road, off Asaba-Benin Expressway, Asaba Delta State.
  • All that piece/parcel of land and the properties therein located at No. 3, Ogwa Godspower Avenue, Oshimili LGA, Asaba, Delta State.
  • All that piece/parcel of land and the properties therein located No. 11 Chiweta Street, off Ezenie Avenue, Asaba, Delta State.
  • All that piece/parcel of land and the properties therein located at James Odeta Street, Oshimili South LGA, Asaba, Delta State.
  • All that piece/parcel of land and the properties therein located at No. 8, Thomas Chukwunike Street, Oshimili South LGA, Asaba, Delta State.
  • All that piece/parcel of land and the properties therein located at No. 11 Mokolo Close, Off Summit Road, therein located at No. 8, Thomas Chukwunike Street, Oshimili
  • All that piece/parcel of land and the properties therein located at No. 11, Okadigbo Street, off Nebisi Road, Asaba, Delta State.
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UPDATE: Tinubu Restates Directive on Withdrawal of Police Escorts from VIPs

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…orders engagement of NSCDC to replace police on VIP guard duties

…seeks conversion of grazing reserves to ranches

President Bola Ahmed Tinubu on Wednesday reaffirmed his directive that police officers currently attached to VIPs be withdrawn and redeployed to conflict-prone areas, insisting that the nation cannot afford to keep essential security manpower away from pressing security theatres.

The President restated the order just before the commencement of the Federal Executive Council (FEC) meeting at the State House, tasking relevant security agencies to immediately implement the directive to strengthen the ongoing fight against terrorism, kidnapping, and violent criminal activity across the country.

“I honestly believe in what I said, and I called the IGP… If you have any security problems because of the nature of the assignment, please contact the IGP and get my clearance,” President Tinubu said, pointing out that exceptional cases would be treated with approval.

He directed that the Ministry of Interior liaise with the Inspector General of Police and the Nigeria Security and Civil Defence Corps (NSCDC) to replace police personnel withdrawn from VIP protection duties.

“The Minister of Interior should liaise with the IGP and Civil Defence structure to replace those police officers who are on special security duties, so that you don’t leave people exposed,” he said.

The President further instructed the National Security Adviser (NSA) and the Department of State Services (DSS) to form a committee to review the structure and ensure full implementation of the redeployment plan.

“NSA and DSS to provide further information and form themselves into a committee and review the structure. It should be effected,” he said.

Expressing concern over the rising incidents of kidnapping and terrorism, President Tinubu stressed that all available manpower must be channelled to areas of need.

“We face challenges here and there of kidnapping and terrorism; we need all the forces that we can utilise,” he stated.

While acknowledging that special circumstances may require security considerations for some individuals, the President insisted that other armed formations must take up such responsibilities.

“I know some of our people are exposed… civil defence are equally armed and I want to know from the NSA to arm our forest guards too. Take it very seriously,” he added.

On the livestock sector, President Tinubu instructed Vice President Kashim Shettima to begin, through the National Economic Council (NEC), the process of identifying grazing reserves that can be rehabilitated into ranches or livestock settlements, describing the reform as a crucial step in ending perennial herder–farmer conflicts.

“Again, especially livestock reform, I think the Vice President should get the NEC first of all to see which villages or grazing reserves can be salvaged or rehabilitated into ranches, livestock settlement.” he said.

The President stressed that converting grazing areas into viable agricultural and commercial hubs would create jobs, expand economic opportunities, and end conflict cycles.

“We must eliminate the possibility of conflicts and turn the livestock reform into economically viable development. The opportunity is there, let’s utilise it,” he noted.

He reminded state governments of their constitutional authority over land and urged them to cooperate in the process.

“If we emphasize the constitutional requirement which says the land belongs to the states… whichever one they can salvage, convert to a livestock village or herders’ village. Let us stop this conflict area and turn it into economic opportunities and prosperity,” the President said.

The renewed directive comes amid the administration’s ongoing security overhaul and the push to modernise Nigeria’s livestock industry as part of broader agricultural reforms under the Renewed Hope Agenda.

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Awujale Family to KWAM 1: Provide Proof of Lineage or Stop Claim, Cautions Against ‘Strangers’

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The Fusengbuwa ruling house of Ijebu-Ode, next in line to produce the new Awujale of Ijebuland, Ogun State, has directed popular Fuji musician, Wasiu Ayinde, popularly known as KWAM 1, to complete the family’s royal lineage data form to establish his legitimate membership in the ruling house.

The Chairman of the ruling house and former National President of the Institute of Chartered Accountants of Nigeria, Abdulateef Owoyemi, told our correspondence on Saturday that only bonafide members of the family would be allowed to participate in the selection process.

Ayinde, in a letter dated December 3, 2025, addressed to the chairman of the Fusengbuwa Ruling House in Agunsebi Quarters, Ijebu-Ode, announced his interest in the stool.

The Fuji icon described himself as a “bonafide son” of the ruling house, adding that his candidacy aligns with Ijebu customary law and the Ogun State Chieftaincy Laws.

The letter went viral on social media on Friday, sparking reactions from members of the public.

However, Owoyemi explained that the Olori Omooba of Ijebu land had been directed to complete the Fusengbuwa ruling house royal lineage data form.

He stressed that the form, which requires contenders to trace their genealogy back seven generations, ensures that only genuine princes from the family can participate, thereby blocking “strangers” from claiming the throne.

He said, “The first step for anyone interested in contesting for the Awujale throne is to declare their lineage by filling the standard Fusengbuwa ruling house royal lineage data form. Once confirmed as a legitimate member of the ruling house, they can then apply for the expression of interest form.

“We have told him, just like everyone else interested in the Awujale throne, that the first step is to declare his lineage. He will do this by completing the royal lineage data form, showing his full name, which parent and grandparent he descends from, and continuing up to seven generations.

“The completed form will be signed and submitted to the head of the ruling house unit of the Fusengbuwa ruling house, who will affirm that he is a genuine member. Only then will the process move forward.”

Although the application window for the throne officially closed on December 5, Owoyemi said KWAM 1 had been given an extension of five days, which would lapse on December 10.

“We won’t shut anybody out of picking the next Awujale, but we must ensure that you are a legitimate member of Fusengbuwa. Every right comes with responsibilities. For a royal family, everyone must prove their legitimacy by completing the royal lineage data form.

“When we receive the form, we will review it meticulously. If clarification is needed, we will contact the applicant. We welcome men of influence who will use their influence to enhance the throne, not to claim it, ensuring that what truly belongs to our family is preserved,” he said.

Owoyemi explained that the ruling house hoped to have a new Awujale by the second or third week of January 2026.

“The local government has given us 14 days to select candidates, which expires on December 18. After that, the kingmakers have seven days to deliberate and choose one candidate, whose name will be forwarded to the governor.

“Legally, the government then has 21 days to conduct background checks and security clearance, allowing for objections or protests. After this period, the State Executive Council will ratify the nominee, and the governor will announce the next Awujale, after which coronation rites will commence.

“So, combining the candidate selection, kingmakers’ deliberation, and legal objection period, we are looking at around 42 days. Therefore, we expect the next Awujale to emerge between the second and third week of January,” Owoyemi said.

The Fusengbuwa ruling house of Ijebu-Ode, next in line to produce the new Awujale of Ijebuland, Ogun State, has directed popular Fuji musician, Wasiu Ayinde, popularly known as KWAM 1, to complete the family’s royal lineage data form to establish his legitimate membership in the ruling house.

The Chairman of the ruling house and former National President of the Institute of Chartered Accountants of Nigeria, Abdulateef Owoyemi, told our correspondence on Saturday that only bonafide members of the family would be allowed to participate in the selection process.

Ayinde, in a letter dated December 3, 2025, addressed to the chairman of the Fusengbuwa Ruling House in Agunsebi Quarters, Ijebu-Ode, announced his interest in the stool.

The Fuji icon described himself as a “bonafide son” of the ruling house, adding that his candidacy aligns with Ijebu customary law and the Ogun State Chieftaincy Laws.

The letter went viral on social media on Friday, sparking reactions from members of the public.

However, Owoyemi explained that the Olori Omooba of Ijebu land had been directed to complete the Fusengbuwa ruling house royal lineage data form.

He stressed that the form, which requires contenders to trace their genealogy back seven generations, ensures that only genuine princes from the family can participate, thereby blocking “strangers” from claiming the throne.

He said, “The first step for anyone interested in contesting for the Awujale throne is to declare their lineage by filling the standard Fusengbuwa ruling house royal lineage data form. Once confirmed as a legitimate member of the ruling house, they can then apply for the expression of interest form.

“We have told him, just like everyone else interested in the Awujale throne, that the first step is to declare his lineage. He will do this by completing the royal lineage data form, showing his full name, which parent and grandparent he descends from, and continuing up to seven generations.

“The completed form will be signed and submitted to the head of the ruling house unit of the Fusengbuwa ruling house, who will affirm that he is a genuine member. Only then will the process move forward.”

Although the application window for the throne officially closed on December 5, Owoyemi said KWAM 1 had been given an extension of five days, which would lapse on December 10.

“We won’t shut anybody out of picking the next Awujale, but we must ensure that you are a legitimate member of Fusengbuwa. Every right comes with responsibilities. For a royal family, everyone must prove their legitimacy by completing the royal lineage data form.

“When we receive the form, we will review it meticulously. If clarification is needed, we will contact the applicant. We welcome men of influence who will use their influence to enhance the throne, not to claim it, ensuring that what truly belongs to our family is preserved,” he said.

Owoyemi explained that the ruling house hoped to have a new Awujale by the second or third week of January 2026.

“The local government has given us 14 days to select candidates, which expires on December 18. After that, the kingmakers have seven days to deliberate and choose one candidate, whose name will be forwarded to the governor.

“Legally, the government then has 21 days to conduct background checks and security clearance, allowing for objections or protests. After this period, the State Executive Council will ratify the nominee, and the governor will announce the next Awujale, after which coronation rites will commence.

“So, combining the candidate selection, kingmakers’ deliberation, and legal objection period, we are looking at around 42 days. Therefore, we expect the next Awujale to emerge between the second and third week of January,” Owoyemi said.

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BREAKING: Appeal Court Rules VIO Cannot Stop or Impound Motorists’ Vehicles

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The Court of Appeal in Abuja has affirmed the October 4, 2024 judgment of a Federal High Court in Abuja barring the Directorate of Road Traffic Services (popularly called VIO) from further stopping, impounding, or confiscating vehicles on the road and imposing fines on motorists.

In a judgment on Thursday, a three-member panel of the appellate court resolved the three issues identified for determination against the appellant, the Directorate of Road Traffic Services.

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Justice Oyejoju Oyebiola Oyewumi, who delivered the lead judgment, held that the appeal was without merit. She awarded a cost of N1million against the appellant and in favour of the respondent, a rights activist and public interest attorney, Abubakar Marshal.

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