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NSITF MD: New executives will focus on prompt payment of claims, public enlightenment

Advertisement The NSITF has been in the news after Bayo Somefun, its former managing director, and some board members were accused of corrupt practices and misappropriation of funds. This followed a probe by the senate, which revealed that the management had allegedly misappropriated N84 billion in four years. President Muhammadu Buhari had subsequently ordered the sack of the management and constituted a new board. Advertisement Speaking at a media briefing in Abuja on Thursday, Akabogu, while noting that a lot of negative issues have been associated with the NSITF since 2012, said the new executives will put certain strategies to reposition the organisation.

Senate summons ex-NSITF bosses over alleged N84bn embezzlement

Senate summons ex-NSITF bosses over alleged N84bn embezzlement The Punch Published 5 July 2021 The Senate has summoned former managing directors of the Nigeria Social Insurance Trust Fund over alleged missing financial documents in the agency. The former NSITF bosses are expected to appear before the Senate Public Accounts Committee on Tuesday. The Chairman of SPAC, Senator Matthew Urhoghide, at the last meeting of his panel on Thursday, said 50 queries were issued against the NSITF officials by the office of the Auditor General for the Federation. Urhoghide said the ex-NSITF bosses were being invited following the failure of the officials of the agency to respond to the queries of the AuGF regarding some alleged financial infractions.

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