Stella Dimoko EFCC Arraigns Cecilia Osipitan For N6bn PHCN Insurance Benefit Fraud


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Saturday, October 23, 2021

EFCC Arraigns Cecilia Osipitan For N6bn PHCN Insurance Benefit Fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director of PJO Ventures Limited, Cecilia Osipitan.

She is being tried along with PJO and Insurance Resourcery and Consultancy Services Limited before Justice U. P. Kekemeke of the Federal Capital Territory High Court in Maitama, Abuja.

Osipitan faces a nine-count charge bordering criminal breach of trust, conspiracy and conversion of public funds to the tune of N6billion.

EFCC said the money was meant for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of the defunct Power Holding Company of Nigeria (PHCN).

Osipitan’s offence contravened Section 311 of the Panel Code Act Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004 and punishable under Section 312 of the same Act.

The defendant pleaded not guilty when the charges were read.

Justice Kekemeke granted her bail in the sum of N500million with two sureties in like sum.

According to Daily Post, the sureties must be federal civil servant, a religious leader or a member of the National Assembly residing and own landed properties in Abuja.

Kekemeke adjourned until January 20, 2022 for commencement of trial.


  1. Another Cecilia.... what a shame to womanhood.

  2. Her daughter got married about 2 weeks ago in a very lavish ceremony. check out the hashtag #thegtdynasty on instagram

    1. I just did. Nigerians are wicked mehn.

    2. That wedding cannot cost less than 30million naira.

    3. The wedding cost wayyyyyyy more than 30million naira. Engagement was held at harbour point and the white wedding was held at monarch event center. Those halls alone would have cost minimum 15million naira. The wedding planner was Nigeria's number one planner. Do you know how much she charges?? That wedding would have cost in the range of 100million

  3. IF the charges are true, the money is for, amongst others, incapacitated workers and families of deceased workers.


  4. 😱People should fear God na..

    1. At all, àfi ìwà ibajẹ àti olè sha.

  5. Omo i fear Nigerians. I don't have this wicked heart to steal from families of deceased people but honest people like me are not placed in such positions. I am the true daughter of my mother. My mother returned 5 million to the family of a deceased person whose family believed that my mum owed them 50k when in actual fact, her company owed the deceased 5m naira

  6. She wld start faking illness now after chopping money.

  7. I am shocked oh. I know this woman, hmmm.

  8. And yet we bash our politicians everyday when a normal citizen is wicked to his fellow citizen. We still have a long way to go.

    She has mind to chop monies meant for the dead , she nor even fear say them fit haunt her for dream


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