The Economic and Financial Crimes Commission (EFCC) has arraigned former Chairperson of the Nigeria Social Insurance Trust Fund (NSITF), Ngozi Olejeme, before a Federal High Court in Abuja over allegations of laundering N1 billion.

In a statement issued on Friday, EFCC spokesperson Dele Oyewale said Olejeme is facing an eight-count charge involving the conversion, transfer, and possession of funds believed to be proceeds of unlawful activity.

According to the anti-graft agency, one of the charges alleged that Olejeme, while serving as NSITF board chairman in February 2012, diverted N321.6 million into the Sterling Bank account of Adin Miles International Limited, knowing the money was linked to illegal activity.

Another count accused her of procuring one Chuka C. Eze to convert $2 million into naira for payment to the same company, also allegedly sourced from illicit funds.

Olejeme pleaded not guilty to all eight counts when they were read to her in court.

The prosecution counsel, Emenike Mgbemele, requested a trial date and revealed plans to call 14 witnesses to testify against the defendant.

However, Olejeme’s lawyer, Emeka Ogboguo (SAN), urged the court to grant her bail pending trial.

Justice Nwite granted the defendant temporary release to her counsel and adjourned the case until November 17, 2025, for the hearing of the bail application.