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Published 1 June 2021
THE President, Major General Muhammadu Buhari (retd.), has approved the sacking of the top management staff of the Nigeria Social Insurance Trust Fund over alleged N3.4bn fraud.
The NSITF Managing Director and Chief Executive, Bayo Somefun, and the Executive Directors in charge of Finance, Jasper Azuatalam; Investment, Operations, and Administration, Tijani Sulaiman and Human Resources, Mrs Olukemi Nelson, were also relieved of their positions.
Also dismissed were the nine top management officers hitherto on suspension alongside the MD and EDs.
The decision, which took effect from July 1, 2020, was sequel to the approval of the recommendations in the Report of the Presidential Joint Board and Audit Investigation Panel set up by the President in July 2020 to investigate the infractions of the Public Procurement Act, 2007, and the Financial Regulations in the NSITF.
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President Muhammadu Buhari has approved the sacking of the top management staff of the Nigeria Social Insurance Trust Fund (NSITF), reconstituting the board.
This was disclosed in a statement signed spokesperson of the Ministry of Labour and Employment, Charles Akpan.
The NSITF Managing Director and Chief Executive, Bayo Somefun, and the Executive Directors in charge of Finance, Jasper Azuatalam; Investment, Operations, and Administration, Tijani Sulaiman and Human Resources, Olukemi Nelson, were relieved of their positions with effect from July 1, 2020.
Also relieved of their appointments were the nine top Management Officers on suspension with the MD and EDs who had their appointments terminated compulsorily with some to be retired after demotion in ranks from their present Ranks as recommended by the Panel.
SaharaReporters learnt that Usman lied to Vice-President Yemi Osinbajo, Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), and the Senate about the recommendations of a committee she had set up to investigate the dredging project at the Calabar Port.
PRESIDENT Muhammadu Buhari has approved the appointment of Dr Michael Akabogu as the new Managing Director of the Nigeria Social Insurance Trust Fund, NSITF.