The reorganization and appointment of a new Management Board for the Nigeria Social Insurance Trust Fund were approved by President Muhammadu Buhari on Thursday.
The change occurs 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 that the reconstitution was in accordance with the provisions 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 in an official notice sent to a source on Thursday night.
The official notice signed by the spokesman of the ministry, Olajide Oshundun, explained that the new Managing Director and Executive Directors had assumed their respective positions and duties with immediate effect from February 6, 2023.