President Muhammadu Buhari has sacked the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Mike Akabogu.
He was removed for alleged forgery of his National Youth Service Corps (NYSC) certificate and low productivity.
In his place, the President has approved the appointment of Barr (Mrs) Maureen Allagoa as the new Managing Director/Chief Executive.
Allagoa is the immediate past Executive Director, Administration with broad experience in many blue chip companies.
Also, Buhari has approved the re-constitution and placements of a new Management Board of the NSITF.
Former chairman of the Nigeria Insurance Commission (NAICOM), Mr. Emmanuel Nwosu, is the new chairman of NSITF Board.
Dr. Gabriel O. C. Okenwa has been appointed as Executive Director (Admin) and Board member. He was elevated from his position as the Special Management Consultant to NSITF.
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Also appointed is Mr. Adedeji Babatunde Adegoke as Executive Director (Finance & Investment). Adegoke was promoted from General Manager Investment to Executive Director to fill vacancy occasioned by the death of Mrs. Temitope Caroline Akinwale, the immediate past ED Finance & Investment.
Director, Press and Public Relations Department of the Federal Ministry of Labour and Employment, Olajide Oshundun, in a statement on Thursday, February 9, noted that the approval was in consonance with the provisions of Section 4 and the powers conferred on him by Sections 7 and 8 of the NSITF Act, CAP N88, Laws of the Federation of Nigeria (LFN) 2004.
Oshundun said: “The new Managing Director and Executive Directors had assumed their respective positions and duties with immediate effect from February 6, 2023.
“The new full Management Board will be inaugurated by the Minister of Labour and Employment as soon as the security and other clearance processes of its memberships are completed by the security agencies and other affected bodies, on a date to be announced soon.”
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