Shake-up In NSITF As Buhari Suspends Managing Director, Other Top Management Staff

 Shake-up In NSITF As Buhari Suspends Managing Director, Other Top Management Staff

President Muhammadu Buhari has approved the immediate and indefinite suspension from Office of the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Adebayo Somefun.
This was contained in a statement by the deputy director, Press and Public Relations at the ministry of Labour and Employment, Mr Charles Akpan
Also suspended from Office are several directors and management staff of the Fund. 

They include: Executive Director, Finance and Investment, Mr. Jasper Ikedi Azuatala; Executive Director, Operations, Mrs. Olukemi Nelson and Executive Director, Administration, Alhaji Tijani Darazo Sulaiman.
Some Management Staff who are also suspended are General Manager, Administration/Human Resources/Maintenance, Mr. Olusegun Olumide Bashorun; General Manager, Finance, Mr. Lawan Tahir; General Manager, Claims and Compensation, Mr. Chris Esedebe
Others are Deputy General Manager, Investment and Treasury Management, Mr. Olodotun A. Adegbite; Deputy General Manager, Administration, Ms. Dorathy Zajeme Tukura; Deputy General Manager/Acting Head, Legal, Mrs. Olutoyin O. Arokoyo, Deputy General Manager,  Finance and Accounts, Mr. Emmanuel Enyinnaya Sike and the Assistant General Manager, Internal Audit, Mrs. Victoria Ayantuga
Their suspension from Office according to the statement arose from the preliminarily established prima facie infractions on the extant Financial Regulations and Procurement Act, and other acts of gross misconduct.
The statement reads in part, “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 affected Officers have also been directed to hand over to the most senior Officers in their respective Departments. The Executive Directors are therefore to hand over to the most senior General Managers, while the Managing Director will hand over to the most Senior Officer in the Fund.”

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Michael Oche

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