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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 She refused to admit having been confident that all the slush funds were withdrawn in cash.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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Breaking : Nigerian Soldiers Kill ISWAP Cameraman, Uncover Foreign Terrorist Network in Borno

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Troops of Operation Hadin Kai have neutralised an Islamic State West Africa Province cameraman and recovered video materials indicating the presence of three foreign facilitators, including a Palestinian Arab identified as a trainer and a Moroccan Arab serving as a medical doctor for the terrorist group in Borno State.

The Acting Military Information Officer, Joint Task Force North East, Operation Hadin Kai, Capt. Muhammed Goni, disclosed this in a statement on Sunday.

According to him, the operational success was recorded on Saturday following a failed infiltration attempt by members of ISWAP terrorists into Cross Kauwa, Kukawa Local Government Area of Borno State.

Goni said the terrorists attempted to exploit the cover of darkness to breach the troops’ position and loot cholera medical supplies.

The statement read, “Troops of 19 Brigade, Sector 3, Joint Task Force North East, Operation HADIN KAI (OPHK), have decisively foiled an attempted infiltration by ISWAP terrorists into Cross Kauwa, Kukawa Local Government Area of Borno State, inflicting heavy casualties on the attackers and forcing them to retreat in disarray.

“The successful defence of the location further demonstrates the vigilance, combat readiness and operational effectiveness of troops who continue to deny terrorist elements freedom of action across the North East Theatre.”

The failed attack, he said, occurred at about 10:20 p.m. on July 11, 2026, when the terrorists attempted to exploit the cover of darkness to breach the troops’ position.

“Alert troops swiftly detected the hostile movement and responded with coordinated and overwhelming firepower, compelling the terrorists to abandon their mission of looting cholera medical supplies and withdraw in confusion after suffering severe losses,” Goni said.

According to him, the attempted looting further lends credence to recent intelligence reports of a cholera outbreak within terrorist enclaves, as well as reports of the execution of some affected members by the group.

“The neutralisation of a terrorist cameraman during the failed assault led to the recovery of a Sony camcorder containing highly sensitive recordings of terrorist activities, including operational footage and propaganda materials.

“Preliminary forensic analysis of the last available video recorded prior to the attack indicates that the operation was coordinated by four senior ISWAP commanders (Qai’ds), alongside three foreign terrorist facilitators. They include a Palestinian Arab identified as Abu Ishaq, assessed to be ISWAP’s overall trainer; a Moroccan Arab identified as Abu Thaiba, a medical doctor serving within the terrorist network; and another Arab operative whose identity is yet to be established,” he added.

He said the presence and active involvement of the foreign nationals further reinforced intelligence assessments that ISWAP continued to benefit from external support, specialist expertise and transnational terrorist linkages.

“Following the successful engagement, troops immediately dominated the area and conducted exploitation operations to ascertain the full extent of the terrorists’ losses,” he added.

The Army spokesman said troops recovered the Sony camcorder, several rounds of PKT and 7.62mm Special ammunition, terrorist uniforms and other combat items during the operation.

He further stated that initial analysis of post-engagement satellite imagery revealed terrorists evacuating the bodies of some of their neutralised fighters during their withdrawal.

“This has since been corroborated by credible human intelligence sources, which confirmed that the terrorists suffered heavy casualties, with many others sustaining gunshot wounds during the engagement,” he said.

According to him, two soldiers sustained gunshot wounds during the firefight and were promptly evacuated by air for advanced medical care, adding that both personnel remained in stable condition.

“The failed infiltration attempt represents yet another significant operational setback for ISWAP and caps a costly weekend for the terrorist group following sustained offensive operations and intensified military pressure across the North East Theatre,” he said.

He added that the outcome underscored the increasing difficulty the terrorists faced in executing coordinated attacks against highly alert and combat-ready troops while further degrading their combat capability, morale and freedom of action.

“Operation HADIN KAI remains resolute in sustaining offensive operations, protecting vulnerable communities and dismantling terrorist networks until lasting peace and security are fully restored across the North East,” he assured.

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BREAKING: Security Forces Rescue Kidnapped Pupils, Teachers in Oyo Forest Operation

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Eight kidnappers arrested

Ibadan, Oyo State – Nigerian security agencies have successfully rescued a group of kidnapped pupils and teachers following a coordinated operation in Orire Local Government Area of Oyo State.

Photos circulating after the operation show the rescued victims gathered in a rural forest location alongside security personnel shortly after they regained their freedom.

According to available information, the victims were abducted by suspected kidnappers before security operatives launched an intensive search-and-rescue mission. The operation, carried out through coordinated efforts by security agencies, led to the safe recovery of the pupils and their teachers.

The rescued victims have since been reunited with security officials and are expected to undergo medical examinations and trauma counselling before being reunited with their families.

Authorities have not yet disclosed whether any arrests were made during the operation or if a ransom was paid. However, investigations are ongoing to identify and apprehend those responsible for the abduction.

The successful rescue has been welcomed by residents of the area, who commended the swift response of the security agencies while calling for increased security around schools and rural communities to prevent similar incidents.

The incident once again highlights the persistent security challenges facing some parts of the country, particularly the threat of school-related kidnappings, which have raised concerns among parents, educators, and community leaders.

Security agencies have assured the public that efforts are continuing to track down the perpetrators and strengthen measures aimed at protecting schools and vulnerable communities across the country.

Further official details are expected as the authorities provide updates on the operation.

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BREAKING: Tinubu Picks Shettima Again, APC Completes INEC Nomination Process

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…party predicts landslide victory at the poll
The ruling All Progressives Congress (APC) on Friday formalised its presidential ticket for the 2027 general election, as President Bola Ahmed Tinubu officially retained Vice President Kashim Shettima as his running mate. ExecutiveBranch

Displaying absolute confidence ahead of the polls, party leadership declared that its victory is already “assured,” citing a rock-solid foundation of over 12 million registered members and the visible milestones of the current administration.

The duly completed nomination forms for both President Tinubu and Vice President Shettima were submitted to the APC National Chairman, Prof. Nentawe Yilwatda, at a colourful ceremony at the Ladi Kwaki International Conference Centre of Abuja Continental Hotel for onward transmission to the Independent National Electoral Commission (INEC) portal.

Alhaji Ibrahim Masari, the Special Adviser to the President on Political Matters, submitted the documents on the President’s behalf.

The high-profile ceremony drew heavyweights from across the party, including members of the Progressive Governors’ Forum (PGF) led by Imo State Governor Hope Uzodimma, representatives from the National Assembly, the Federal Executive Council (FEC), and state party chairmen.

Welcoming dignitaries to the brief but solemn ceremony, APC National Organising Secretary Sulaiman Muhammad Argungu noted that the event was the natural climax of a highly transparent internal process.

“The presidential flag bearer emerged through a thoroughly transparent primary process,” Argungu said, while praising President Tinubu’s “positive strides” and urging party faithful to remain united, prayerful, and steadfast.

The ceremony culminated in the presentation of the completed nomination forms for the President and his running mate by the Presidential Adviser, Masari, who was accompanied by all the governors in attendance, members of the National Assembly and the Federal Executive Council (FEC).

Reinforcing the governors’ total commitment to the ticket, PGF Chairman Governor Hope Uzodimma stated that the transparent nature of the primaries had made marketing the candidates seamless.

“We are delighted that this event is coming after a well-organised and thoroughly supervised primary process,” Uzodimma said. “We reiterate our commitment to continue supporting President Tinubu and the party.” ExecutiveBranch

Uzodimma described the APC as a beacon of internal democracy and inclusiveness, promising that the governors would spearhead a total clean sweep at the polls.

“We will continue to support him in the larger interest of Nigerians and to take the country to greater heights. Together, we are going to deliver victory for President Tinubu and ensure the party wins all elective positions, including the National and State Assemblies,” Uzodimma added.

Receiving the nomination forms, APC National Chairman Prof. Nentawe Yilwatda stated that the revalidation of the Tinubu-Shettima ticket represents the authentic heartbeat of the party’s grassroots.

“Today is a reflection of the wishes of over 12 million members of our party who supported the President’s candidature,” Yilwatda remarked. “We are proud of the support already in the kitty of President Tinubu, and we are convinced that many more Nigerians will vote for him.” ExecutiveBranch

Yilwatda pointed to key initiatives such as the student loan scheme—which he noted has already benefited over 1.5 million students—alongside targeted agricultural interventions and nationwide infrastructure projects as verifiable proof of performance.

He urged party members to return to their local communities armed with facts rather than rhetoric to dismantle opposition narratives.

“While others are busy spreading propaganda, let us counter them with facts. Nigerians have seen governance that touches lives across the six geopolitical zones,” Yilwatda stated. GeographicReference

The National Chairman emphasised that the APC holds a distinct institutional advantage over its rivals, being the only political platform in the country backed by a fully digitalised and verified membership database.

“We already have about 12 million verified members. We are going round the country to mobilise support for the President. I am also confident that our governors will compete among themselves to deliver the highest number of votes,” Yilwatda said.

Sending a clear message to the President, the APC Chairman told Masari: “Go and tell the leader of our party (President Tinubu) that our members and Nigerians will vote for him to continue the excellent work he is doing. As a party, we are proud to be presenting the best candidate. There is no shaking at all. Come 2027, our victory is assured.”

Asked on the sidelines of the ceremony to confirm the party’s presidential running mate, as no name was mentioned throughout the ceremony, APC National Publicity Secretary Felix Morka said, “The presidential candidate of the party is President Bola Ahmed Tinubu GCFR, the Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, and our Vice Presidential candidate is Senator Kashim Shetima.” ExecutiveBranch

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