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Court Orders Seizure Of 46 Houses, Land Linked With Ex-NSITF Boss Olejeme

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A Federal High Court in Abuja has granted an order of interim forfeiture in relation to 46 property including houses and parcels of land suspected to be owned by former Chairperson of the Board of the Nigeria Social Insurance Trust Fund (NSITF), Mrs. Ngozi Juliet Olejeme.

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

Justice Taiwo ordered the EFCC to publish the order in a national daily to enable anyone who is interested in the affected property to show cause within 14 days why the assets should not be permanently forfeited to the Federal Government.

The judge fixed July 27 this ‎year as the return date.

The 46 property, listed in documents filed in court, is said to be located in Abuja, Bayelsa and Delta states.
The EFCC claimed, in a supporting affidavit, that Olejeme acquired the said property with public funds she allegedly diverted while serving in the NSITF between 2009and 2015.

One of the properties is identified as N0: 2 Kainji Crescent, Off Lake Chad Crescent, Maitama, Abuja (also known as Plot 738 Cadastral Zone AO5, Maitama, Abuja, the which the EFCC claimed she acquired in 2012 at N1.3billion.

The EFCC alleged that Olejeme acquired the property using funds received as kickbacks from contractors, through third parties.

It stated that “During 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 Bank Plc), Henry Sambo Ekhasomi (the Director of Finance of NSITF), Aliyu Zubairu (Director of Corporate Affairs -NSITF), Adebayo Aderibigbe and Abubakar Umar.

“The said sum of USD $48, 485,127.00 represents the dollar equivalent of kickbacks paid to BDC (bureau de change) by contractors/consultants of NSITF on Mrs. Olejeme’s instructions as well as payments to the BDC operators directly from NSITF account.

“The personal account of Mrs. Olejeme in First Bank Plc also received a total in-flow of N22, 200,000.00 from Hybrid Investment Advisors Ltd, a contractor to NSITF.

“Excellent Solicitors & Consultants is one of the firms engaged by the NSITF as a consultant.

“In the course of time, the firm received over N1,000, 000, 000.00 from the NSITF under the guise of rendering consultancy services, its proprietor Max Ozoaka withdrew the monies and either gave same in cash to Mrs. Olejeme or did transfer to her proxies under her instructions.

“Within the same period, the sum of N5, 984,059,110 was paid by NSITF under the guise of consultancy services to Fountain Legal Services and Fountain Media Consults being the firms owned by Adebayo Adebowale Aderibigbe (a staff of NSITF).
“As the said payments were made by the NSITF to his firms’ accounts, Mr. Adebayo Adebowale Aderibigbe gave Mrs. Olejeme a total cash sum of N505,000,000.00 and US$11,488,550.00 in dollars.

“Mrs. Olejeme procured the services of bureau de change operators through Mr. Chuka, who provided the bank accounts of the BDC operators to her.

“Several consultants/contractors to NSITF transferred money to the bank accounts of these BDC operators in naira for Mrs. Olejeme while the dollar equivalent of each naira lodgment would be collected by Mr. Chuka and handed over to Mrs. Olejeme in her house or through bank transfers.

“Mr; Chuka was interviewed on various dates including 23rd August 2016, 19th December 2016, 4th April 2017, 2nd May 2017, 17th July 2017 19th December 2017, 27th December 2017 and 17th May 2018 and he consistently narrated the details of the numerous United States dollars he couriered to Mrs. Olejeme as well as other financial dealings he carried out for her.

“The BDC Operators which provided the currency exchange services for Mrs. Olejeme through Mr. Chuka include Majia BDC, Alim BDC, and Ashanbrak.BDC.

“In addition to giving the currencies to Mr. Chuka for Mrs. Olejeme, there were occasions where the BDC Operators transferred some of the funds directly to Mrs. Olejeme’s controlled bank accounts.

“For instance, Mrs. Olejeme received the sum of N350,000,000.00 from the BDCs into her private company Able Jes Nigeria Ltd’s account in GTBank Plc in two days i.e (29th and 30th April 2013).

“In fact on 29th April 2013, only Adamu Musa of Majia BDC made cash deposits into the same account totaling N236,350, 000.00. She (Mrs. Olejeme) is the sole signatory to the said account.

“Mrs. Olejeme used the huge funds referred to in the foregoing paragraphs, which funds did not form part of her lawful income, to acquire property referred to.

“She used third parties in making payments for all the property so as to conceal and or avoid the properties/funds from being easily traced directly to her.

“Mrs. Olejeme hired the services of one Mr. Ifeanyi Njokanma, who is a property manager to purchase and acquire, on her behalf, most of the property,” the EFCC said.

BIG STORY

I’ve Fulfilled Tinubu’s Mandate, Says Ibas As Rivers Emergency Rule Nears Expiration

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Ibok-Ete Ibas, sole administrator of Rivers, says he has fulfilled President Bola Tinubu’s directive by restoring “full democratic governance” to the state ahead of the expiration of emergency rule.

Speaking at the government house in Port Harcourt on Friday during the presentation of the Rivers State Independent Electoral Commission (RSIEC) report on the recent local government elections, Ibas said the successful conduct of the polls marked the completion of his mandate.

“Mr. President’s mandate to me was clear: to stabilise the state, create an enabling environment for the re-establishment of its institutions, and return Rivers State back to full democratic governance,” Ibas said in a statement signed by Hector Igbikiowubo, his media aide.

“With the successful conduct and swearing-in of local government chairmen and their councils, I believe we have decisively achieved the mandate that we were given.”

On August 30, RSIEC conducted elections across the 23 LGAs of the state, with the All Progressives Congress (APC) winning 20 chairmanship seats, while the Peoples Democratic Party (PDP) secured three.

Mike Odey, RSIEC chairman, said the report presented to Ibas contained a full account of the exercise, including challenges faced and recommendations for future improvements. He commended Rivers residents for their peaceful participation.

President Tinubu had declared emergency rule in Rivers on March 18 following a political crisis that saw the suspension of Governor Siminalayi Fubara, his deputy, Ngozi Odu, and all members of the state assembly.

Ibas, a retired naval chief, was appointed sole administrator to steer the state during the interim period. The emergency rule is expected to lapse on Thursday, September 18.

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Air Peace Crew Member Gives NSIB 72 Hours To Retract Drug Claim, Threatens Lawsuit

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An Air Peace cabin crew member has rejected the Nigerian Safety Investigation Bureau’s (NSIB) report alleging drug use among the airline’s staff, describing it as defamatory and giving the bureau 72 hours to retract its claim or face legal action.

On September 11, NSIB alleged that an Air Peace pilot and co-pilot tested positive for alcohol, while a cabin crew member tested positive for THC, the active ingredient in cannabis, following a runway excursion incident at Port Harcourt airport on July 13.

Victory Maduneme, an Air Peace crew member, said the allegations are false and damaging to her career. Speaking on Arise News Night, she recounted how NSIB officials collected her samples but delayed the release of results for 10 days.

“I sent a copy of my result to you; everything was clear,” Maduneme said. “If NSIB has a smearing campaign against the airline, they should keep the innocent people away from this. In the next 72 hours, if NSIB does not retract what they’ve said against me, I think we should sue. This is pure defamation of character.”

David Bernard, a co-pilot on the same flight, also dismissed the report, insisting he does not consume alcohol or drugs. He questioned the credibility of the process, arguing that NSIB used hospitals not recognised by aviation authorities and relied on delayed blood and urine tests instead of standard breathalyser checks.

Air Peace has also denied NSIB’s claims, noting that the bureau has yet to officially communicate its investigation findings.

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NUPRC Revokes Licence Of Oritsemeyin Rig

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked the operating licence of Oritsemeyin Rig and directed it to cease all operations upon the completion of its current well operations.

The notice is contained in a letter dated September 11, 2025, addressed to Selective Marine Services Limited (SMSL) and signed by the Commission Chief Executive, Engineer Gbenga Komolafe.

The NUPRC said in a statement on Friday 12 September, 2025 that the decision followed a thorough review of the circumstances surrounding the drilling of UDIBE-2 wellbore during which a kick was recorded, resulting in several Non-Productive Time (NPT) with consequential cost and a forced well sidetrack.

A kick on an oil rig is the unwanted flow of formation fluids (oil, gas, or water) into the wellbore due to a temporary pressure imbalance, where the pressure inside the wellbore becomes lower than the formation pressure. This phenomenon, if left unmanaged, can lead to a potentially catastrophic uncontrolled release of fluids called a blowout.

Subsequently, the NUPRC in accordance with Section 97 of the Petroleum Industry Act 2021, issued a formal notice of culpability via a letter dated June 5, 2025 with a timeline of 21 days followed by a reminder dated July 9, 2025 to ensure an amicable resolution which was not achieved even beyond the stipulated time.

“Consequent upon the forgoing and pursuant to the relevant powers conferred on the commission under the extant Petroleum Industry Act 2021, the annual licence to operate granted to Selective Marine Services Limited for the Oritsemeyin Rig is hereby revoked,” the commission stated.

The upstream regulator also disqualified the Oritsemeyin Rig from all renewal protocols in strict compliance with the applicable provisions of the law forthwith.

The NUPRC noted that this action is in line with the Petroleum Industry Act, 2021 which empowers the commission to ensure compliance with good oilfield and international best industry practices, operational safety and optimization as well as promote technical excellence and preserve commercial and environmental sustainability.

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