Trending Story

NSITF MD, Executive Directors, others given the boot 

285

 

The Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr Adebayo Somefun, has been suspended indefinitely on the orders of President Muhammadu Buhari.

 

Also suspended with Somefun are 11 other officials of the agency.

 

The suspended officials include Executive Director, Finance and Investment, Jasper Azuatalam; Executive Director, Operations, Olukemi Nelson; and Executive Director (Administration), Tijani Sulaiman.

 

Some management members of staff who were also suspended are General Manager, Administration/Human Resources/Maintenance, Olusegun Bashorun; General Manager, Finance, Lawan Tahir; General Manager, Claims, and Compensation, Chris Esedebe; and Deputy General Manager, Investment and Treasury Management, Olodotun Adegbite.

 

Others include Deputy General Manager, Finance and Accounts, Emmanuel Sike; Deputy General Manager/Acting Head, Legal, Olutoyin Arokoyo; Deputy General Manager, Administration, Dorathy Tukura; and Assistant General Manager, Internal Audit, Victoria Ayantuga.

 

Their suspension was due to the preliminarily established prima facie infractions of the Financial Regulations and Procurement Act, and other acts of gross misconduct, a statement by the Ministry of Labour and Employment said on Thursday.

 

It said an audit of the financial and procurement breaches and gross misconduct at NSITF from 2016 till date would be carried out.

 

“During the period of their suspension, the suspended Officers are to face a joint board and audit investigative panel that has been set up to look into the financial and procurement breaches, as well as gross misconduct in the NSITF for periods of 2016 to date, which have invariably put the contributions of stakeholders in a perilous state,” the statement said.

 

The Federal Government directed the Executive Directors to hand over to the most senior General Managers, while Somefun was asked to hand over to the most senior officer.

 

Leave a comment

Related Articles

Emirship crisis: Kano govt. allocates N99.9m for Nassarawa mini-palace renovation

In response to the court’s order reinstating him, the Kano State Government...

Nigeria’s foreign exchange reserves up by 5 percent to $33.58bln

Nigeria’s foreign exchange (FX) reserves have increased by five percent in the...

Billionaire philanthropist Tony Elumelu mulls buying NPFL team

As part of his corporate social responsibility, billionaire banker and philanthropist Tony...

Terry G speaks on Davido, Wizkid, and Burna Boy rivalries, faces backlash from fans

Nigerian music sensation Terry G, also known as the Apako master, has...

Dani Alves pays €1m bail, set to leave Spanish jail

Former Brazil and Barcelona star Dani Alves, convicted of rape in Spain,...

World TB Day: 70 percent of TB cases in Africa now being diagnosed and treated – WHO

The World Health Organization (WHO) has disclosed that about 70 percent of...

13th AAG: Tobi Amusan wins gold in women’s 100m hurdles

The Nigerian sprint star, Tobi Amusan, won gold in the women’s 100m...

FG approves N12.7bln for mass metering of army barracks nationwide

The Federal Government says it has released N12.7 billion to provide electricity...

Women’s Day: Tinubu felicitates women, vows to prioritise their welfare, rights

President Bola Tinubu has promised to prioritize the welfare of women, protect...

All African Games: Nigeria’s Flying Eagles start their campaign on a losing note

The Flying Eagles of Nigeria started their campaign in the men’s football...

EFCC sets up task force to combat dollarization of economy, mutilation of naira

The Economic and Financial Crimes Commission (EFCC) has announced the setting up...

How Bafarawa diverted N4.6bln from ex-NSA for prayers, election, acquire luxury vehicles

A startling revelation has been made about how a former governor of...

CBN redeploys 1,500 staff to Lagos

The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff...

AFCON: Pres. Tinubu says unimpressed with Super Eagles’ performance

President Bola Tinubu has expressed his displeasure over the performance of the...

I’ve not met a man kind enough to marry —Ini Edo

In a candid revelation, renowned actress, Ini Edo, has hinted about the...

Ogun CP visits shot Nollywood actor, Ijaduade, vows to punish trigger-happy cop

Nollywood actor and Director, Azeez Ijaduade, who was shot “accidentally” by a...

Breaking: Actor, Azeez Ijaduade, allegedly shot by policeman in Ogun

In a shocking incident that has sent shock waves to Yoruba section...

Fast and furious actor, Vin Diesel, accused of sexual assault

Vin Diesel, known for his role in the Fast & Furious Series,...

Anyone asking for money this festive season lacks conscience, fear God – Comedian AY

Amid Nigeria’s challenging economic downturn, renowned comedian, Ayo Makun, popularly known as...

Octogenarian actor, Dejumo Lewis, dies

Nollywood community was on Friday night thrown into grief as the news...