Minister of Labour and Employment, Dr. Chris Ngige has set up an independent panel to probe alleged financial misconduct levelled against suspended management team of the Nigeria Social Insurance Trust Fund (NSITF).
This comes as the management team led by Adebayo Somefun, insisted that it got approvals for its training programmes and procurement of goods and services.
He explained that he had only attended the annual International Labour Conference (ILC) and the International Social Security Association (ISSA) once each since he was appointed and denied claims of frivolous spending levelled against him.
He said the suspended management grew investment polio of the NSITF to about N9b within three years from N600m it met in May 2017 when the team was appointed, adding that the investment had yielded about N2b annually.
Inaugurating the panel, which was headed by Chairman of NSITF Board Audit Committee, Ibrahim Khaleel, Ngige highlighted the panel’s Terms of Reference (ToR) to…
Source: Guardian Newspaper