Former official accused of corruption confiscates 48 properties
Judge Taiwo Taiwo of the Federal High Court of Abuja on Wednesday, July 1, 2020 ordered the provisional confiscation of 48 prime properties, allegedly belonging to the former president of the Nigerian Social Insurance Trust Funds, NSITF, Ngozi Olejeme.
The affected properties are spread across the Federal Capital Territory, Abuja, Bayelsa, Enugu, Edo and Delta states.
Ms. Olejeme, who was also treasurer of the Jonathan-Sambo campaign organization in 2015, has been on the run since 2016 and was in September 2017, declared wanted by the Economic and Financial Crimes Commission, EFCC for criminal conspiracy, abuse of power, diversion. of public funds and money laundering.
She, along with Umar Munir Abubakar, former chief executive of the NSITF, allegedly mismanaged and embezzled more than 69 billion naira belonging to the federal government into their personal accounts by awarding bogus contracts to agent companies.
The confiscation order was granted after EFCC lawyer Ekele Iheanacho convinced the court that the said properties had been purchased with the proceeds of crime. He supported his position with 14 attachments to his affidavit, filed on May 29, 2020.
In granting the request, Justice Taiwo ruled that the interim order should be published in a major newspaper within seven days of receiving the order and that any interested party should justify within 14 days why the property did not. should not be permanently confiscated for the benefit of the federal government.
READ ALSO: Court orders provisional confiscation of Olejeme’s property
He adjourned the case until July 27, 2020.
Trouble began for Ms Olejeme, who was NSITF president from 2009 to 2015, when the EFCC in 2016 received two petitions detailing allegations of multibillion naira fraud against her, Mr Abubakar and some operators. exchange office.
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