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Nigerian Social Insurance Trust Fund NSITF Scam: Ngozi Olejeme & Board Of Directors Are Fraudsters

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Nigerian Social Insurance Trust Fund NSITF Scam: Ngozi Olejeme & Board Of Directors Are Fraudsters

Ngozi Olejeme

April 5, 2015 – Nigerian Social Insurance Trust Fund NSITF Scam Alert: Ngozi Olejeme & Board Of Directors Are Fraudsters

NEPOTISM, GROSS MISSMANAGEMENT, VINDICTIVENESS, IMPUNITY and LACK OF EFFECTIVE CORPORATE GOVERNANCE remains the current face of NSITF.

If Nigerians know how much was allegedly invested in computerization, which have been secretly guided… they will marvel at the rate of embezzlement that have crippled and choked NSITF to death by its Chairman and Board of Directors.

The Employees Compensation Act which was enacted in 2010 saddles NSITF management board with administering the scheme in such a way that an average employee with injury in the course of work or even at work will enjoy rehabilitation or compensation as the case may be… but this main purpose of NSITF is farthest from being achieved due to its incompetent and corrupt Chairman/MD.

Mrs. Ngozi Olejeme and her company have run NSITF and TRUST FUND’s entire Management down the drains with gross misconduct of managerial affairs and colossal embezzlement of its fund since she, Mrs. Ngozi Olejeme assumed office. Immediately the Act was signed and ready for implementation, the first move by the board was to engage a consultancy firm for recruitment, which it charged hopeless job seekers N1,000 each across the Federation… this same consultancy firm is owned by Mrs. N. Olejeme. The beneficial allowances for the workers are being denied and deprived of them by the autocratic and dictatorial leadership of same Mrs. Ngozi Olejeme. NSITF and TRUST FUND office buildings in different states of the Federation are owned by the Chairman of NSITF and TRUST FUND.

What happened to the humongous money that was paid into NSITF and TRUST FUND account late last year? With the alleged connivance of PenCom, the NSITF is also the board of Trust fund pensions and of course every Nigerian know that over N50 billion worth of pension assets is in the custody of Trust fund… Can she account for this money after being audited? She used all of them to campaign for Delta State Gubernatorial seat leaving the NSITF administration in a shambolic state and in a mess.

While government appointed the MD and three executive directors to run the scheme, the board stripped them of their executive management functions and replaced a serving police officer with the power to ‘fire and hire’ and transfer without allowance. Further investigations proved that her brother-in-law is the Executive Director of Operations. Whilst Mr. Mike Ogbe, a serving Police officer is in charge of NSITF and TRUST FUND and this same Mrs. Ngozi Olejeme runs this Federal Government scheme with him as though it is their own personal/family business, all the consultancy firms affiliated to NSITF and TRUST FUND belong to them. She takes travel allowance while she relaxes at home and when she eventually travels, she gallivants the world in chartered private jets. All embezzled from NSITF Funds. There is high level of corruption in NSITF and TRUST FUND, there are no seats for staff and visitors, the workers most of the time contribute money for enforcement drive, major facilities and fittings in different NSITF and TRUST FUND offices are dilapidated.

EFCC fights corruption in Nigeria and we the citizens of this country are caught in the web of corrupt leaders, denting the image of this federal government Parastatals and frustrating the efforts of the government in fighting corruption. Mrs. Ngozi Olejeme claims that EFCC has some shares in her illegal business(es) and she has what it takes to get them compromised with her affluence… that, as far as she is concerned, The C.S.O to The President is solidly behind her.

EFCC should investigate who is Weight Obuah, the Executive Director of Operations, Head Office ABUJA. He is the immediate younger brother of the C.S.O to the President Gordon Obuah. The Area 11 branch Office of NSITF, is headed by EDNA STOW as the Principal Manager, FCT Branch. Weight Obuah’s wife… is this supposed to be a family business?

EFCC should also investigate who Mr. Mike Ogbe is, a serving Police officer whose wife (Catherin Ogbe) heads the ICT Department in NSITF Head office, Abuja. Mr. Mike interferes and detects the con-current affairs of NSITF and TRUST FUND. Mrs. N. Olejeme runs the affairs of NSITF and TRUST FUND from her house in Maitama, threatening any assertive staff to her with Presidency C.S.O, because she feels above the law and untouchable. We believe in the fact that EFCC fights corruption and they should investigate NSITF and TRUST FUND.

There should be approval of social security bill to NSITF and TRUST FUND … Can the likes Mrs. Olejeme with her baseless background handle this?

She is busy lavishing tax payers money, travelling and touring the globe with extravagant life style, flying in and out of the country with executive private charted jet (as she flew in recently from Canada). The most expensive houses in Asaba are owned by her, her compounds in Maitama, Abuja is like car garage with hundreds of latest expensive bullet cars/jeeps same in Asaba… meanwhile NSITF have no pool vehicles for enforcement drive in the branches of NSITF, Nationwide… this is clear misappropriation of funds for NSITF and TRUST FUND, let’s not forget about her record during Obasanjo’s regime, when she was appointed as a board member at ajaokuta steel company, she was caught in money laundering, that was two years ago though, invited by EFCC, …this case we believe is not being swept under the carpets of the scene.

EFCC should ensure that its long arm of justice catches up with Mrs. Ngozi Olejeme and rid NSITF and TRUST FUND of the cankerworm that has retarded its development and output.

The chairman and entire management of NSITF and TRUST FUND have looted the account of the investments and properties department. The Chairman, Mrs. N. Olejeme own a property worth billions of naira (tax payers money) at #25 Kamji Crescent Off Lake Chad Crescent, Maitama Abuja, Claiming to live in a rented apartment at 25 Rovuma Street, Off Limpopo Street, Maitama Abuja. Her properties abroad (in the following places) Canada, America, South Africa, etc. after creation of a unit called PROPERTY & INVESTMENT UNIT in Kagini Branch of NSITF, headed by one Mr. chuka (former first bank staff) and accomplice of Mrs. N. Olejeme who had always aided her in all her money laundering activities. The same Chuka, is a signatory to NSITF account- SHOULD THIS BE SO? Both the director and management staff of the investment and properties should be probed thoroughly.

Staff are denied of their allowances, while the management have created an uncondusive environment for them. The average NSITF and TRUST FUND staff is being held in bondage and live abject state of life… courtesy, Mrs. Ngozi Olejeme Chairman, NSITF and TRUST FUND.

EFCC should investigate NSITF and TRUST FUND, Fraud persist in NSITF and TRUST FUND. It is imperative for the government to know that Mrs. Ngozi Olejeme is morally and educationally incompetent to remain the chairman of NSITF, as this would undermine the noble efforts of the Government to provide social security for the governed. She should immediately be ousted and made to account for the billions of naira she and her cohorts have carted away from the coffers of the NSITF funds for her gubernatorial race and exotic mansions in Abuja/Asaba.

This can be authenticated through her main agent, one Mr. Orlando Njokama fully based in Asaba for acquisition of land and houses in different states of the Federation.

Together with Mr. Mike the serving Police officer, they have ruined NSITF… Government should therefore investigate Mrs. Ngozi Olejeme and her cohorts and salvage the Fund from these fraudsters.

[Written by anonymous staff member]

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18 Comments

18 Comments

  1. Larape Samson

    April 5, 2015 at 11:26 PM

    This thing has been going on for a while and the govt is not doing anything about it because they are direct beneficiaries of the embezzlement

    • Benson

      April 7, 2015 at 11:50 AM

      There is nothing wrong for a husband and wife to work in the same establishment. The Civil Service Rule is not against it. So many staff of NSITF have their wives working in NSITF. It is also not peculiar to NSITF alone.

      • Aboki

        April 8, 2015 at 2:03 PM

        Yeah I think you are right, but just ask yourself how many husband and wife do you know hat are working in the same bank? Where else do you know that husband and wife are working in NSITF ? Just mention the branch,

        • Cobii

          April 9, 2015 at 4:48 AM

          In the same Abuja.. The very wicked GM HSE NSITF and his Wife

          • Cobii

            April 9, 2015 at 5:01 AM

            Mr & Mrs Kelly Nwagha. He claims to being vetting medical claims nationwide but does this alone with little or no involvement of office staff but with his girl friends, dark complexioned Chiamaka Mdabuko n co. Using small girls to insult his management staff.

  2. Kingsly

    April 6, 2015 at 12:56 AM

    Bros nothing will come out of this cos this ur EFFCC has been rendered useless by our dear president jonathan. If you want action to be taken reproduce this write up 2 months into Buharis tenure and you will help humanity. This woman has her name everywhere there is a fraud, she even drops name as the front for GEJs purchase of houses abroad. time will tell.

  3. Mathew Iyke

    April 6, 2015 at 1:22 AM

    The money that belongs to all Nigerians is now being spent by bunch of fools, it is a pity we don’t’ have leaders

  4. mulikat

    April 6, 2015 at 7:33 AM

    Pls President Elect,bring back Nigerian money from all Fraudsters,Not only Ngozi Olejeme and are groups.

  5. anonymous

    April 7, 2015 at 6:29 PM

    This is so on point, they re even owing staffs salary arrears and nothing is being said of it.

  6. zeemaa

    April 7, 2015 at 9:38 PM

    only God will save us in this country

  7. Ndakpotun

    April 8, 2015 at 9:41 AM

    Infact may God have mercy on us

  8. anonymos

    April 8, 2015 at 5:37 PM

    its quite sad dat dis article its true somtin needs to b done to save nsitf frm diz continous fraud.

  9. temmy

    April 10, 2015 at 9:33 AM

    Same frauderster collected N1000 from us all in the name of recruitment but end up given employment to their friends who didn’t sit for d exam, interview… With power of Emeka Wogu (fmr. Minister of Labour) and Dr. Deniye (fmr. S.A to Wogu) now Director in NSITF.

  10. OBJECTIVE

    April 13, 2015 at 1:31 AM

    It is important that you write what you have facts on. He who alleges must prove. God’s anger always come upon those who tell lies against others. I advise you all to be careful what you write. If you are sure that you can prove your allegation, why not come open when Buhari finally mounts the saddle. If allowances are not being paid, the only option is to downsize the work force. And who would be affected; you and I, junior staff that are writing all these.

  11. Unbiased

    April 13, 2015 at 9:35 AM

    Its a pity that this report that was sent to other media houses has been killed. Even if they wont public, at least it should be a way to start investigation by them, but sadly over 20 million must was used to make it die.

    • kachi

      April 21, 2015 at 9:20 PM

      That was why olejeme and her cohorts in the board including chief Richard Uche removed the former MD because he refused Dr. Okoli because he refused to do their bidding. Time of reckoning shall come. Change is here.

  12. kachi

    April 21, 2015 at 9:19 PM

    That was why olejeme and her cohorts in the board including chief Richard Uche removed the former MD because he refused Dr. Okoli because he refused to do their bidding. Time of reckoning shall come. Change is here.

  13. henry ebireri

    May 12, 2015 at 3:47 PM

    The place of Olejeme in history
    By Rabiu Musa
    Dr. Ngozi Olejeme, the chairman of Nigeria Social Insurance Trust Fund (NSITF), needs no introduction, especially to persons who are familiar with social responsibility and advocacy, professional management and good corporate governance, transparency and accountability, human capital development and security of investible funds in present day Nigeria.
    Olejeme is widely credited with transforming NSITF into one of the world’s most formidable organizations. In six years, the impressive and pragmatic leader contributed greatly to the labour administration process in the country. She saw to the successful enactment into law of the Employees’ Compensation Act in December 2010 and the setting up of necessary human and physical infrastructure for the implementation of the Act. She also brought optimism to NSITF when all hope seemed lost.
    But what was the situation in NSITF before 2009?
    “Before I came into NSITF, the contributory pension scheme had been taken from them. By the time I was joining NSITF in 2009, the size of its workforce had dwindled to a mere 80” Olejeme told journalists in 2010.

    “We had offices all over the federation; these offices had to be virtually closed down. In most offices we had just 2 people each – and skeletal services. So you can see what we went through. And within those years, we did not earn a single kobo from anywhere. The issue became a very big problem for us. Even to pay salaries became a very big challenge for us. Structures started coming down, and in all cases our offices were very old and some of them were being rented. So we could not even pay rent in most cases. Before you know it, all our offices became closed down; all the structure were down, equipment were down, ACs and generators were all down because we could not maintain anything. It was a very big problem for us. Remember that by this time, the Fund was almost comatose. Offices across the country had all been closed, Staff strength and morale was at ground zero” Managing Director/Chief Executive of the NSITF, Umar Munir Abubakar said.
    It is obvious that Dr. Olejeme was instrumental to the enhanced services of the NSITF. She regularised the social insurance scheme by seeing to the promulgation in 2010 of a more comprehensive and responsive scheme called the Employees’ Compensation Act (ECA). The ECA made provision for adequate and timely compensation of employees in both public and private sectors, who suffered from any form of accidents in the course of carrying out their official duties.
    She changed the infrastructural look of NSITF, increased the work force of the organization, invested heavily in the training of numerous staff, kept youths off the streets by getting them positively engaged, re-connected and strengthened the working relationship between the Board and Management and initiated the process that led to the inauguration of a National Working Committee on Social Security Policy for Nigeria.
    Indeed, Olejeme strengthened and revitalized NSITF.

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