EFCC Declares Jonathan ' s Finance Coordinator Wanted For Fraud

EFCC Declares Jonathan ' s Finance Coordinator Wanted For Fraud

The Economic and Financial Crimes
Commission has declared wanted, Dr. Ngozi
Olojeme, the Deputy Chairman, Finance
Committee of the Goodluck Jonathan
Presidential Campaign Organisation in 2015.

Olojeme, who was Chairman of the Nigeria
Social Insurance Trust Fund from 2009 to
2015, was accused of cornering $48,485,127
from the NSITF.

The accused and some directors in the
company allegedly siphoned billions of naira,
including funds meant for the payment of
allowances of its staff as well as
compensation to contributors.

It was learnt that several directors and
contractors were invited to explain their own
side of the story, many of whom had since
returned funds to the EFCC.

An EFCC report, made available to newsmen
alleged that the funds were said to have been
traced to the accounts of some consultants
and contractors, who were believed to be
fronts for Olojeme and other directors in the
NSITF.

The anti-graft agency report said, "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 report added that Olojeme sent her account officer at FBN to collect $48m from some NSITF contractors through a BDC operator.

"That she has refused to honour invitation and
all efforts to get her to come and tell her own
side of the story have proved abortive hence
her arrest warrant has been obtained from
court.

"We ask for the EFCC chairman's approval to
declare the suspect wanted."

The spokesman for the EFCC, Mr. Wilson Uwujaren, said Olojeme had been declared
wanted.

He urged members of the public to offer
information that could lead to her arrest.

"Yes, she has been declared wanted.

Members of the public are advised to give us
information that would lead to her arrest," he
said.

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