• Latest
  • Trending
Buhari Plans Modest Celebration To Mark Eid, Bans Sallah Homage

Buhari Sacks Mgt Of NSITF, Reconstitutes Board

June 1, 2021
Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

June 8, 2026
360 Freed as Troops Raid Boko Haram Enclave in Mandara

No Ransom Paid for 360 Rescued Abductees- Borno Govt

June 8, 2026
OGUN GRANTS INVESTORS 50% DISCOUNT ON LAND USE CHARGE

Ogun Inaugurates Safe School Committee Amid Security Fears

June 8, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Police: Adelabu Family Aide Linked to Sister’s Kidnap

June 8, 2026
Lagos: No Solar Tax for Private Homes, Only Govt Estates

Lagos: No Solar Tax for Private Homes, Only Govt Estates

June 8, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
Oyo Govt Pulls Down Bungalow Used in Adelabu’s Sister Kidnap

Oyo Govt Pulls Down Bungalow Used in Adelabu’s Sister Kidnap

June 8, 2026
Tamunosoye Karibi-George Crowned Miss World Nigeria 2026

Tamunosoye Karibi-George Crowned Miss World Nigeria 2026

June 8, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Delta Police Bust Gun Ring After Singer’s Extra-Judicial Death

June 8, 2026
NUPRC On Rolls Out Action Plan For 2024

NUPRC, NNRA Harmonise Rules to Cut Oil Sector Costs

June 8, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Monday, June 8, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

Buhari Sacks Mgt Of NSITF, Reconstitutes Board

by Present Nigeria
June 1, 2021
in News
0
Buhari Plans Modest Celebration To Mark Eid, Bans Sallah Homage
26
SHARES
52
VIEWS
FacebookTwitterWhatsappTelegram

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.

RelatedPosts

Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

No Ransom Paid for 360 Rescued Abductees- Borno Govt

Ogun Inaugurates Safe School Committee Amid Security Fears

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.

Adogu, the Director, Department of Occupational Safety and Health, is to represent the Federal Ministry of Labour and Employment. She replaces Dr, Ifeoma Anyawutaku now a Permanent Secretary. Yasin, the Deputy President, Nigeria Labour Congress (NLC) replaces late Khaleel Ibrahim who died sometime in October 2020 as the NLC representative.

The MD and the three Executive Directors are to refund the NSITF Treasury the total sum of N181, 056,000 being illegal overpayments in salaries, allowances such as overseas travels, leave allowances for self and spouses in overseas, house allowance, DSTV, and club registration, and extraneous allowances not approved by the National Salaries, Incomes and Wages Commission (NSIWC).

The other nine top Management staff whose appointments were terminated for various infractions and who have also benefitted from the excess remuneration are to refund such overpayments to the Panel.

These staff are Bashorun Olumide, the General Manager, Administration, AlhajiLawanTahir, the General Manager, Finance and Accounts, Chris Esedebe, General Manager, Claims and Compensation, Enyinanya Sike, Deputy General Manager, Finance, and  Dorothy Tukura, Deputy General Manager, Training.

The others are Victoria Ayantuga, Assistant General Manager, Audit,  Dotun Adegbite, Deputy General Manager, Investment, Arokoyo Olutoye, Deputy General Manager, Legal, and Abdul Rasheed Lawan, Deputy General Manager, Procurement.

The President equally directed a “total overhaul” of the Procurement Department of the NSITF with a new team of Procurement Officers be trained from the pool of existing staff and deployed to the Department while all the staff that has been serving therefrom 2017 – 2020 be removed and made to undergo disciplinary actions for offences ranging from the injection of extraneous companies and projects after advertisement and bidding has been concluded, contract splitting, initiation of procurement contract without budgetary allocation, conversion and switching of one fully bided project to another.

All officers indicted are to receive the appropriate official sanction by the Board.

The President also approved and directed that the Head of Service of the Federation terminate the appointment and dismiss the erstwhile Head of Procurement Department Abdulrasheed Lawal from the Public Service with effect from the date of suspension.

The President also approved that erring companies and persons who default/neglect/refuse to make refunds of illegal monies paid to them will be sent to Anti-Graft Agencies (Economic and Financial Crimes Commission – EFCC and Independent Corrupt Practices Commission – ICPC) by the Minister of Labour and Employment for further necessary action.

The Honourable Minister of the supervising Ministry via the Management Board to take all appropriate actions as the need arises to revitalise and reposition the Organisation to fulfil their mandates in accordance with the Enabling Act.

This will include restructuring and streamlining the activities of the Organisation to attain the overall goal envisaged in setting up the organisation.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share10Tweet7SendShareShare2
Previous Post

Uganda Transport Minister Survives Assassination Attempt, Daughter, Driver Killed

Next Post

23yr Old Sec School Leaver, Two Others Nab With Drugs At Abuja, Kano Airport

Related Posts

Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

June 8, 2026
360 Freed as Troops Raid Boko Haram Enclave in Mandara

No Ransom Paid for 360 Rescued Abductees- Borno Govt

June 8, 2026
OGUN GRANTS INVESTORS 50% DISCOUNT ON LAND USE CHARGE

Ogun Inaugurates Safe School Committee Amid Security Fears

June 8, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Police: Adelabu Family Aide Linked to Sister’s Kidnap

June 8, 2026
Next Post
23yr Old Sec School Leaver, Two Others Nab With Drugs At Abuja, Kano Airport

23yr Old Sec School Leaver, Two Others Nab With Drugs At Abuja, Kano Airport

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.