Alleged N68bn fraud: Ex-NSITF boss forfeits 46 properties to Nigerian govt

A former chairman of Nigeria Social Insurance Trust Fund (NSITF) Ngozi Olejeme has forfeited a total of 46 property to the Nigerian government, following a Federal High Court ruling on Monday.

Olejeme was dragged to court by the Economic and Financial Crimes Commission (EFCC) over allegations of misappropriating funds up to the tune of N68 billion as the head of the government agency.

Justice Ijeoma Ojukwu ruled in favour of an Ex-parte Originating Summons application made by EFCC through its counsel, Elizabeth Alabi, on December 21.

He maintained that the assets and properties set out in the schedule attached to the application be forfeited to the Federal Government of Nigeria, pending the hearing and determination of the trial in Charge No. CR/365/17.

The schedule of properties referred to in the Summons include: parcels of lands, duplexes, a bank building, and hotel buildings, located in different locations across the country.

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Some of them are: one storey semi-detached residential building, located at house/flat 86, 11 Crescent, Kado estate, Abuja; a fenced plot of land with C of O No. DTSR16326, located at plots 104 and 105, Block IV, Phase V, Core Area, Asaba, Delta state; Six units of one bedroom apartment; one unit of five bedroom bungalow; a block of six units of office space, all located at 196, Melford Okilo road, Amarata-Epie, Yenegoa, Bayelsa state.

Others include: two Duplexes with Boys Quarters, Generator House, Gym and Car Park, located at No. 3D Opolo, Old Commissioner’s Quarters, Yenegoa, Bayelsa State; Ten plots of land, located at plot 7, 8, 11, 12, 16, 20, 23, and 24 Phase IV, Block 111, Core Area, Asaba, Delta state, with C of O No. DSTR1194; A two bedroom bungalow, located at No. 3 Ogwa Godspower avenue, Oshimili South LGA, Asaba, Delta State; A two bedroom bungalow, located at No. 11 Chiweta Street, off Ezenie Avenue, Asaba, Delta State, measuring 527.141 square meters; A two bedroom bungalow, located at James Odittah Street, Oshimili LGA, Asaba, Delta State, amongst many others.

This same property is also known as plot No. 738 Cadastral zone AO5, Maitama, Abuja; A storey building; two bungalows; printing press with printing equipment; a fenced empty land measuring 1422.765 square meters, located at km.9 Asaba-Benin Express road, Asaba, Delta state.

Another property is a twin duplex office building, located at Plot R/151 (No. 30A) Kingsway Road, Old GRA, Enugu State, registered at Enugu Land Registry.

The Commission, through the application, also sought for the interim forfeiture of one duplex and 4 house residential building with swimming pool, gate house, fully furnished with state of the art facilities, located at No. 25 Kainji Crescent, off Maitama, Abuja.

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