Court docket orders seizure of 46 homes, land linked with ex-NSITF boss Olejeme

Court docket orders seizure of 46 homes, land linked with ex-NSITF boss Olejeme

By Eric Ikhilae, Abuja

A Federal Excessive Court docket in Abuja has granted an order of interim forfeiture in relation to 46 property together with homes and parcels of land suspected to be owned by former Chairperson of the Board of the Nigeria Social Insurance coverage Belief Fund (NSITF), Mrs. Ngozi Juliet Olejeme.

Justice Taiwo granted the order in a ruling on a movement ex-parte, marked: FHC/ABJ/CS/538/2020, argued on Tuesday by Ekele Iheanacho, a lawyer with the Financial and Monetary Crimes Fee (EFCC).

Justice Taiwo ordered the EFCC to publish the order in a nationwide each day to allow anybody who’s within the affected property to point out trigger inside 14 days why the property shouldn’t be completely forfeited to the Federal Authorities. The choose fastened July 27 this ‎yr because the return date.

The 46 property, listed in paperwork filed in court docket, are stated to be situated in Abuja, Bayelsa and Delta states.
The EFCC claimed, in a supporting affidavit, that Olejeme acquired the stated property with public funds she allegedly diverted whereas serving within the NSITF between 2009and 2015.

One of many property is recognized as N0: 2 Kainji Crescent, off Lake Chad Crescent, Maitama, Abuja (also referred to as Plot 738 Cadatral Zone AO5, Maitama, Abuja, the which the EFCC claimed she acquired in 2012 at N1.3billion.

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The EFCC alleged that Olejeme acquired the property utilizing funds acquired as kickbacks from contractors, by third events.

It said that “Throughout Mrs. Olejeme’s tenure as aforestated, she collected a cumulative sum of USD $48, 485,127.00 from Chuka Eze (her Account Officer in First Financial institution Plc), Henry Sambo Ekhasomi (the Director of Finance of NSITF), Aliyu Zubairu (Director of Company Affairs -NSITF), Adebayo Aderibigbe and Abubakar Umar.

“The stated sum of USD $48, 485,127.00 represents the greenback equal of kickbacks paid to BDC (bureau de change) by contractors/consultants of NSITF on Mrs. Olejeme’s directions in addition to funds to the BDC operators straight from NSITF account.

“The private account of Mrs. Olejeme in First Financial institution Plc additionally acquired a complete in-flow of N22, 200,000.00 from Hybrid Funding Advisors Ltd, a contractor to NSITF.

“Glorious Solicitors & Consultants is among the corporations engaged by the NSITF as guide.

“In the middle of time, the agency acquired over N1,000, 000, 000.00 from the NSITF beneath the guise of rendering consultancy companies, its proprietor Max Ozoaka withdrew the monies and both gave similar in money to Mrs. Olejeme or did switch to her proxies beneath her directions.

“Throughout the similar interval, the sum of N5, 984,059,110 was paid by NSITF beneath the guise of consultancy companies to Fountain Authorized Companies and Fountain Media Consults being the corporations owned by Adebayo Adebowale Aderibigbe (a workers of NSITF).
“Because the stated funds have been made by the NSITF to his corporations’ accounts, Mr. Adebayo Adebowale Aderibigbe gave Mrs. Olejeme a complete money sum of N505,000,000.00 and US$11,488,550.00 in {dollars}.

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“Mrs. Olejeme procured the companies of bureau de change operators by Mr. Chuka, who supplied the financial institution accounts of the BDC operators to her.

“A number of consultants/contractors to NSITF transferred cash to the financial institution accounts of those BDC operators in naira for Mrs. Olejeme whereas the greenback equal of every naira lodgment can be collected by Mr. Chuka and handed over to Mrs. Olejeme in her home or by financial institution transfers.

“Mr; Chuka was interviewed on numerous dates together with 23rd August, 2016, 19th December, 2016, 4th April, 2017, 2nd Might, 2017, 17th July, 2017 19th December, 2017, 27th December, 2017 and 17th Might, 2018 and he persistently narrated the main points of the quite a few United States {dollars} he couriered to Mrs. Olejeme in addition to different monetary dealings he carried out for her.

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“The BDC Operators which supplied the foreign money trade companies for Mrs. Olejeme by Mr. Chuka embody Majia BDC, Alim BDC and Ashanbrak .BDC.

“Along with giving the currencies to Mr. Chuka for Mrs. Olejeme, there have been events the place the BDC Operators transferred among the funds on to Mrs. Olejeme’s managed financial institution accounts.

“As an example Mrs. Olejeme acquired the sum of N350,000,000.00 from the BDCs into her personal firm In a position Jes Nigeria Ltd’s account in GTBank Plc in two days i.e (29th and 30th April, 2013).

“Actually on 29th April, 2013, solely Adamu Musa of Majia BDC made money deposits into the identical account totalling N236,350, 000.00. She (Mrs. Olejeme) is the only signatory to the stated account.

“Mrs. Olejeme used the massive funds referred to within the foregoing paragraphs, which funds didn’t type a part of her lawful revenue, to accumulate property referred to.

“She used third events in making funds for all of the property in order to hide and or keep away from the properties/funds from being simply traced on to her.

“Mrs. Olejeme employed the companies of 1 Mr. Ifeanyi Njokanma, who’s a property supervisor to buy and purchase, on her behalf, many of the property,” the EFCC stated.

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