(AFRICAN EXAMINER) -The Nigerian Social Insurance Trust Fund (NSITF) says the new management of the fund is not under probe by the Public Accounts Committee of the Senate over alleged N62 billion fraud.
Ms Alexandra Mede, Deputy General Manager, Corporate Affairs, NSITF, said this in a statement on Thursday in Abuja.
Mede said that the clarification was necessary to correct the uninformed views in a section of the media.
According to her, what the Senate Public Accounts Committee is currently probing is the cumulative actions and inactions, financial malfeasance and infractions by two past management teams of the agency between 2013 and 2020.
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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.