Buhari sacks MD NSITF, reconstitutes board


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. The reconstitution of the board followed 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 (FR) in the NSITF.

Consequently, Dr Michael Akabogu has been appointed as the new Managing Director/Chief Executive Officer of the Agency. Others appointed are Mrs Akinwale Caroline Temitope, Executive Director, Finance and Investment, Mrs. Alagoa Maurine, Executive Director, Administration and Mr Gana Modu, Executive Director, Operations. Mrs Lauretta Adogu and Alhaji Najeem Yasin were appointed as nominal directors on the Board.


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