Buhari Suspends NSITF Boss, 11 Top Officials

President Muhammadu Buhari has approved the immediate, compulsory, and indefinite suspension of Mr Adebayo Somefun, the Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund .

It said, “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 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.” He also asked the Regional General Manager in charge of Port Harcourt Region, Maureen Allagoa, to move to NSITF Headquarters as General Manager in charge of Administration, Human Resources and Maintenance, and to concurrently oversee the Office of the Executive Director of Administration as acting Executive Director.

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