THE reorganization and appointment of a new Management Board for the Nigeria Social Insurance Trust Fund (NSITF) was authorized today by President Buhari.
The change occurred less than 48 hours after Michael Akabogu, the former managing director of the fund, was fired for allegedly using a fake NYSC certificate.
Buhari stated in an official note given to Daily Trust this night that the reconstitution was in accordance with the terms of Section 4 and the authority granted to him by Sections 7 and 8 of the NSITF Act, CAP N88, Laws of the Federation of Nigeria (LFN) 2004.
According to the formal notice, which was signed by the ministry’s spokesman Olajide Oshundun, the new Managing and Executive Directors took over their respective roles and responsibilities with immediate effect on February 6, 2023, .
It further stated that the tripartite management board was formed when the terms of the previous Chairman and non-executive members of the Board expired in accordance with the Act.
According to Oshundun, when the security and other clearance processes for its members are finished by the security agencies and other relevant entities the new management board will be officially inaugurated by the Minister of Labour and Employment on a date that will soon be announced.
Appointed as Chairman of the Board was Chief Emmanuel Nwosu, a Fellow of the Nigeria Institute of Town Planners (FNITP), an urban planning and management expert, who is the immediate past chairman of the Nigeria Insurance Commission,
The new Managing Director/ Chief Executive is Maureen Allagoa, a lawyer and Fellow of the Chartered Institute of Administration (FCIA).
Information gathered reveals that Allagoa is the immediate former Executive Director, Administration, with broad experience in many blue chip companies.
Modu Gana retained his position as Executive Director/Member in the new board while Dr. Gabriel O.C. Okenwa fills the position of Executive Director (Administration)/Member.
Adedeji Babatunde Adegoke was appointed as the Executive Director (Finance & Investment)/Member.
He was promoted from General Manager Investment to Executive Director to fill the vacancy occasioned by the death of Temitope Caroline Akinwale, the immediate past Executive Director Finance and Investment.
The other new members of the board are Comrade Marwan Mustapha Adamu and Comrade Adewale Adeyanju, both representing the Nigeria Labour Congress (NLC) and two representatives of Nigeria Employees Consultative Forum (NECA), Taiwo Adeniyi (the President, NECA) and Celine Oni (Director, Learning and Development/Projects, NECA)
Representing the Federal Ministry of Labour and Employment in the reconstituted board is Lauretta Nneka Adaogu, the Director, Occupational Safety and Health (OSH) Department in the ministry.
The board also includes a nominee of the Central Bank of Nigeria (CBN) as member.
