Sunday, April 21, 2024
HomenewsNSITF Forms Board To Implement Strategic Reform

NSITF Forms Board To Implement Strategic Reform

The Nigeria Social Insurance Trust Fund, NSITF, has set a new board for strategic reforms.

In a statement signed by the General Manager/Head, Cooperate Affairs, NSITF, Mrs Ijeoma-Oji Okoronkwo, the second phase of the strategic repositioning of the Fund as approved by the Presidential Report is to implement a strategic reform and change management plan that will see the Fund stabilised and secure the much needed public confidence.


The Statement added that the essential part of the process of the implementation is the redistribution of staff to departments that match their qualifications, experiences and competencies.

The agency however, opined that the exercise which had been duly communicated to staff saw the redistribution of 300 out of the over 5000 staff strength of the Fund, while others staff were redeployed across various departments, Branches and Regions across the Federation after a careful consideration of their core competences, skills and qualifications.

“In response to the allegations of misappropriation and embezzlement of funds levelled against the past Management of the Nigeria Social Insurance Trust Fund, His Excellency President Muhammadu Buhari, constituted a Presidential Panel in July, 2020 with a Mandate to investigate all allegations and proffer recommendations for a holistic repositioning of the Fund.


The Committee upon the completion of its assignment submitted its report to the President, and received Presidential approval for the immediate implementations of the recommendations.

“The first phase of the strategic reform was to reconstitute the Executive Management that saw Dr Michael Akabogu, Mrs Maureen Allagoa, Mrs Temitope Akinwale and Mr Modu Gana as members of the Executive Management serving as Managing Director/CE, Executive Director Administration, Executive Director Finance &Accounts, and Executive Director Operations respectively”

It stated further that, some senior Management staff were strategically redeployed and posted to serve in the following department/Regions which includes Mr Zwalda Ponkap, formerly General Manager Audit& Inspectorate was redeployed from Audit and Inspectorate Department to Finance department as General Manager/ Head of Finance and Mr Babatunde Adegoke, a Deputy General Manager and former acting Head of the Lagos Corporate Office redeployed to Head the Investment & Treasury Management.

While others are; Mr Nasir Mohammed, an Assistant General Manager Kaduna Regional Office redeployed to ICT Head Office as the Head of Department., Mr Lateef Musa, formerly General Manager Enforcement redeployed to Lagos Regional Office as the Regional Manager, Mr Geoffrey Otokito, formerly Deputy General Manager APRD redeployed to serve as Regional Manager Portharcourt Region.


While Mrs Ijeoma Oji- Okoronkwo, formerly General Manager SERVICOM redeployed as General Manager and Head of Corporate Affairs.

It was also learnt that all officers affected are encouraged to make good use of the opportunity as the redeployments are targeted at improving productivity, retooling relearning, capacity building and ensuring that all hands are on deck towards achieving the Mandate of the Fund.

Meanwhile, the Management further commenced the compilation and processing of relocation allowances for all redeployed staff to ensure a seamless relocation.

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