NSITF: Olejeme paid over N60b for contracts not executed

By Eric Ikhilae, Abuja

It accused the former management board chairman of authorising over N60 billion to be transferred from the agency’s accounts for contracts that were not executed. Among those who responded to the EFCC publication, when the case came up on July 27, was NSITF’s management, whose lawyer, Okereke Ezechi, filed a motion urging the court to pass the properties to NSITF, should they be permanently forfeited to the Federal Government.

It averred that the properties, suspected to have been acquired by Olejeme through proceeds of crime, were allegedly acquired with funds stolen from NSITF.The NSITF claimed, in a supporting affidavit, that N62 billon was received during Olejeme’s tenure, but was allegedly diverted trough phoney contracts.

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