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N3.4b fraud: FG reconstitutes NSITF board, sacks MD, others


Punch Newspapers
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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. ....

Nigeria General , Temitope Akinwale , Bayo Somefun , Jasper Azuatalam , Abdulrasheed Lawan , Alhaji Lawan Tahir , Arokoyo Olutoye , Bashorun Olumide , Michael Akabogu , Lauretta Adogu , Muhammadu Buhari , Dorothay Tukura , Olukemi Nelson , Tijani Sulaiman , Abdulrasheed Lawal , Chris Ngige , Maureen Allagoa , Charles Akpan , Chris Esedebe , Risk Management Department , National Salaries Incomes , Audit Investigation Panel , Department Of Occupational Safety , Nigeria Social Insurance Trust Fund , Ministry Of Labour , Wages Commission ,