BusinessBanking/FinanceBreaking: NSITF MD, Four Directors Suspended Over Corruption Allegations

Breaking: NSITF MD, Four Directors Suspended Over Corruption Allegations

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By Uche Mbah

Presidency has approved the suspension of the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund, Adebayo Somefun. The suspension, which takes effect immediately, was based on indictment over financial impropriety.

According to a statement from the Ministry of Labor, Somefun and four other directors are under indefinite suspension because a preliminary investigation has indicted them.

Details later…

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