Connect with us


ALLEGED MISUSE OF N3.4BN: Suspended NSITF management gives conditions to face probe panel




The suspended management of the Nigeria Social Insurance Trust Fund (NSITF) has declared that it is ready to face probe, over alleged N3.4 billion financial infractions leveled against it, only if it is conducted by an independent panel of inquiry.

In a statement issued on Monday by the fund’s suspended Managing Director, Adebayo Somefun, the management noted that under the principle of fair hearing, the minister should not have constituted the investigative panel, being an interested party.

Reacting further to the probe panel set up by Labour and Employment Minister, Chris Ngige, Somefun who was speaking on behalf of the suspended management said that the Presidential Joint Board and Audit Investigation Panel to probe alleged financial impropriety was pre-selected.

Somefun also queried the omission of the representative of Nigeria Employers’ Consultative Association (NECA), Taiwo Adeniyi, who heads the NSITF board’s Finance Committee.

According to him, the strange and suspicious barring of Adeniyi, who is also the President of NECA, from the panel, indicated the possibility of an already pre-planned indictment of perceived non-loyalists within the agency.

READ ALSO: NSITF claims ownership of assets EFCC seized from ex-chairman

He said: “All that were done in the award of contracts, training and budgets of the agency were approved by Ngige and the Parastatals Tenders Board, as the case may be.

“The suspended management approached the National Industrial Court (NIC) to enforce the spirit of fair hearing on the allegation of infractions Ngige levelled against some workers of the agency.

“The clarification became necessary after Ngige accused the affected workers of dragging him and President Muhammadu Buhari to court over allegation of financial infractions.

“We hold in high esteem the office of the President and that of the Minister of Labour and Employment, as the representative of the President. We did not drag Mr. President to court. The office of Mr. President is highly revered and regarded by us because he appointed us in the first place,” Somefun added.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now