LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL. (PHOTO). #PRESS RELEASE.

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 LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL The Lagos State Government has announced traffic diversions and restrictions ahead of the Lagos Fanti Carnival scheduled to hold on Monday, 6th April, 2026, around Tafawa Balewa Square (TBS), Lagos Island. In a bid to ensure a seamless and hitch-free carnival procession, vehicular movement will be restricted along major adjoining roads linking TBS. Affected Routes are; King George V Road (by Mobil Filling Station), Flag House inbound TBS, Force Road inbound TBS, Onikan Roundabout inbound TBS, and WaterBoy Roundabout by Old Defence House. Additionally, all link roads to Moloney Road, such as Military Road (by Old Defence Building), Ajasa Street, Boyle Street, and Hawley Street, will be closed to traffic during the event. To ease parking challenges, designated car parks have been arranged for public use, these include; the Yoruba Lawn Tennis Club Car Park, Zone 2 Car Park (opposite Island Club along King George V Road), Museum Kit...
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EFCC ARRAIGNS FORMER NSITF BOSS FOR ALLEGED N1BN FRAUD. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns former NSITF Boss for Alleged N1bn Fraud


The Economic and Financial Crimes Commission, EFCC,  on Wednesday,  October 8, 2025 arraigned a former board chairman  of the Nigeria Social Insurance Trust Fund, NSITF, Ngozi Olejeme before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja.


She was arraigned on 8- count charges bordering on converting, transferring, procuring and taking possession of proceeds of unlawful activity to the tune of  N1000,000,000.00k( One Billion Naira only).


 Count one of the charge reads “That you Mrs Ngozi Olejeme while being the Board Chairman of the Nigeria Social Insurance Trust Fund (NSITF) sometime in February 2012, in Abuja within the jurisdiction of this Honorable Court indirectly converted the sum of  N321,600 .000 (Three Hundred and Twenty One Million, Six Hundred Naira) paid into the Sterling Bank plc account of ADIN MILES INTERNATIONAL LTD in 9th of February 2012 knowing that the funds constituted proceeds of unlawful activity and you thereby committed an offence contrary to Section 15(2) (b) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011(As amended by Act No.1 of 2012)


Count 5 of the charge reads “That you Mrs Ngozi Olejeme while being the Board Chairman of the Nigeria Social Insurance Trust Fund (NSITF) on or about the 9th of February, 2012 in Abuja within the jurisdiction of this Honorable Court procured Chuka C. Eze to convert the sum of $2,000,000 (Two Million Dollars) into Naira for payment to ADIN MILES INTERNATIONAL LTD when you knew that the said $2,000,000 constituted proceeds of unlawful activity and thereby committed an offence contrary to Section 18© and punishable under Section 15(3) of the Money Laundering (Prohibition Act, 2011 (as amended by Act No 1 of 2012).


She pleaded not guilty to all the charges when read to her.


In view of her plea, prosecuting counsel, Emenike Mgbemele asked the court for a trial date to call his 14 witnesses.


However, defense counsel, Emeka Ogbogulo, SAN called the attention of the court to a bail application, praying the court to grant the defendant bail till trial date.


Justice Nwite released the defendant to her counsel and adjourned the matter to November 17, 2025 for hearing of bail application.

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