HomeBreaking NewsFederal Government sets up...

Federal Government sets up investigative panel to probe alleged fraud in NSITF

The Federal Government has inaugurated an eight man Presidential Investigative panel to probe the financial infractions in the Nigeria Social Insurance Trust Fund (NSITF).

Recall that the Minister of Labour and Employment, Dr Chris Ngige, recently suspended the management of the Nigerian Social Insurance Trust Fund (NSITF) over what he termed as some ‘prima facie’ evidence of fraud at the institution.

The panel would be headed by Comrade Ibrahim Khaleel who is the chairman of the Audit Committee of the NSITF Board.

Other members of the panel include Dr. Ifeoma Ayanwutaku Director Federal Ministry of Labour and Employment , Umma Aminu Dutse Director Central Bank of Nigeria, Mr. B. O. C. Omogo Director Office of the Head of Civil Service of the Federation, Muhammed Katun Ahmed Director Office of the Accountant General of the Federation, Nicholas Tor Mtemave Director Office of the Auditor General of the Federation.

Also part of the committee are Dr. Onwusoro Maduka Director Federal Ministry of Labour and Employment and Mrs. E. E. Ogriki Director National Productivity Center.

The investigative panel was given three weeks to report back to the government.

The Minister of Labour and Employment Dr. Chris Ngige inaugurated the panel at the NSITF head office in Abuja on Thursday.

The Minister was represented by the Permanent Secretary of the Ministry, William Alo.

He said that investigative panel would look into all the financial infractions of the Procurement and Financial Regulations raised by the Accountant General of the Federation Periodic Check Report 2015 – 2019.

The panel is also expected to look into issues raised in the 2018, 2019 Budget Performance Utilisation in the Procurement, particularly Training and others that were raised by the Joint Committees of the National Assembly on Labour and Employment during the 2020 budget defence in December 2020.

Ngige was quoted saying that the panel should ”investigate any other matter that will make for the strengthening of the operations of the Fund and also make appropriate recommendations including but not limited to restructuring of the affected departments and or disciplinary actions for all found culpable.”

He said: ”Look into all cases of Gross Misconduct involving these officers and others that are contrary to the Public Service Rules and 1999 Constitution of the Federal Republic of Nigeria as amended, and particularly disobedience to Ministerial Directives and Federal Executive Council Decisions on 2020 Budget Review,” he stated.

The Minister charged the panel to discharge their duties, national assignment with due diligence and thoroughness.

On his part, the chairman of the investigative panel Comrade Ibrahim Khaleel said the selected members assured President Muhammadu Buhari and Nigerians that they will discharge their task with the expectations of the authority.

He said they will discharge their duties justly and in a manner that nobody will be cheated.

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical...

- A word from our sponsors -

spot_img

Read Now

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...

Power shortages weaken Nigeria’s business activity 

Nigeria’s business environment continued to expand in March 2026 but slowed as rising input costs and power supply deficits weighed on performance, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report indicates that the Current Business Performance Index declined...