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Madiba Advocates Push for Presidential Intervention Over Alleged ₦297bn NSITF Fund Irregularities linked to MD Faleye

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Madiba Advocates Push for Presidential Intervention Over Alleged ₦297bn NSITF Fund Irregularities linked to MD Faleye
Madiba Advocates for Good Governance has criticised what it described as the continued silence of authorities over serious allegations of financial irregularities at the Nigeria Social Insurance Trust Fund (NSITF), calling on President Bola Ahmed Tinubu, the Honourable Minister of Labour and Employment, the NSITF Management Board, and other relevant agencies to urgently initiate a comprehensive investigation.

 

The group said the allegations, which have persisted in the public domain for weeks, involve the Managing Director/Chief Executive Officer of NSITF, Mr. Oluwaseun Mayomi Faleye, and have yet to receive any clear institutional response despite their gravity.

 

The call follows a series of petitions and public disclosures that have brought increased scrutiny to the management of the Fund, particularly in relation to financial transactions and governance processes within the institution. Madiba Advocates noted that the scale of the allegations and the sensitivity of the funds involved make immediate intervention both necessary and urgent.

 

At the centre of the controversy are allegations involving the management of approximately ₦297,019,145,288.60 in funds collected under the Employees’ Compensation Act (ECA) between January 2 and October 9, 2025.

 

The Employees’ Compensation Scheme is funded through mandatory employer contributions designed to provide compensation to Nigerian workers who suffer injury, disability, or death in the course of employment. Stakeholders have consistently emphasised that these funds are not government revenue, but trust funds belonging exclusively to Nigerian workers, requiring strict oversight and accountability.

 

₦243bn Allegedly Spent Without Board Approval
Documents referenced in the public domain indicate that out of the total inflow of ₦297 billion, an estimated ₦243,203,518,621.17 was expended within the same period. Sources allege that a significant portion of these expenditures may have been carried out without the approval of the NSITF Management Board, raising concerns about compliance with the NSITF Act and established financial regulations.

 

‘No Approval Limit’ Raises Governance Concerns
Central to the allegations is an internal document reportedly linked to a March 4, 2025 Executive Committee (EXCO) meeting, which outlined financial approval thresholds for officials. While limits were reportedly set for other officers, the Managing Director was allegedly assigned “no approval limit”, a development that has raised serious concerns about internal controls and governance safeguards.

 

Multiple Accounts and Financial Flow Allegations
Further reports allege the existence of over 100 bank accounts linked to a single Bank Verification Number (BVN), alongside financial inflows amounting to over $7.3 million and hundreds of millions of naira into accounts linked to the Managing Director and associated entities. Analysts note that such patterns, if verified, would require thorough scrutiny by relevant financial and regulatory authorities.

 

₦5.5bn Commission Payments Queried
Additional concerns have been raised over alleged commission payments totalling ₦5.53 billion, reportedly made without clear evidence of requisite approvals from the Board or the supervising Ministry. The payments are said to range between 15 and 20 per cent commissions and were allegedly executed outside standard procedures.

 

Governance Gap Raises Further Questions
Observers have also pointed to a governance gap between July 2023, when the Managing Director was appointed, and January 2025, when the Management Board was reportedly constituted, raising concerns about the level of oversight during that period.

 

Madiba Advocates for Good Governance stated that the issues have now reached a critical point, requiring decisive action from all relevant authorities to ensure transparency and accountability in the management of the Fund.
Call for Urgent Investigation
Reacting to the development, Madiba Advocates for Good Governance, led by its Executive Director, Alhassan Kabiru, expressed concern over the prolonged delay in addressing the allegations and the absence of a coordinated institutional response.

 

The group called on:
•The Chairman of the NSITF Management Board,
•The Honourable Minister of Labour and Employment,
•Relevant regulatory and anti-corruption agencies, and
•President Bola Ahmed Tinubu

 

to urgently intervene and ensure a thorough and independent investigation into the matter.
“This matter has lingered in the public space without clarity. It is important that the appropriate authorities take decisive steps to investigate and establish the facts,” the group stated.

 

 

Madiba Advocates emphasized that transparency in handling the allegations is essential to restoring confidence in public institutions and safeguarding workers’ funds.
Responses and Presumption of Innocence
When contacted, Mr. Faleye reportedly stated that he was not aware of the allegations. Officials of the Ministry of Labour were also said to have denied prior knowledge of the claims, while the NSITF Management Board indicated that the issues would be verified.
All allegations remain unproven and subject to investigation.
A Test of Accountability
Analysts say the situation presents a significant test of Nigeria’s public finance accountability framework, particularly for institutions entrusted with workers’ welfare.

 

Madiba Advocates for Good Governance warned that the continued delay in addressing these allegations risks sending the wrong signal about accountability within public institutions. The organisation urged the Presidency, the Ministry of Labour, and the NSITF Management Board to act without further delay to investigate the issues and restore confidence in the system. It added that failure to act decisively could further erode public trust and undermine the Federal Government’s Renewed Hope Agenda on transparency, accountability, and good governance.
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NUJ Slams Wike Over Alleged Threat to Journalist, Demands Public Apology

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NUJ Slams Wike Over Alleged Threat to Journalist, Demands Public Apology

NUJ Slams Wike Over Alleged Threat to Journalist, Demands Public Apology

By Tada Jutha, Maiduguri

The President of the Nigeria Union of Journalists (NUJ), Comrade Alhassan Yahya Abdullahi, has strongly condemned what he described as threatening and intimidating remarks made by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, against journalists in Nigeria.

In a statement issued on Monday and made available to journalists in Maiduguri, Abdullahi said the union was deeply disturbed by the minister’s comments, which he said amounted to a direct attack on press freedom and democratic values.

He noted that the union was particularly alarmed by a statement allegedly made by Wike against Channels Television journalist, Seun Okinbaloye, describing it as reckless, violent and unacceptable.

According to the NUJ President, “Members of the NUJ expressed their profound shock and outrage at the reckless and violent statement made by Minister Nyesom Wike against Channels Television journalist, Seun Okinbaloye.”

He added that the alleged remark, “If there’s any way to break the screen, I would have shot him,” was not only disturbing but also a serious attempt to intimidate journalists and discourage independent reporting.

Abdullahi said the union had initially refrained from issuing a public reaction, hoping the minister would reflect on the weight of his words and offer a prompt retraction and apology. However, he said the continued silence from the FCT Minister had only heightened the union’s concern.

“The regrettable absence of any such retraction or apology strongly suggests that the statement was not a momentary lapse but rather a deliberate and intentional act designed to intimidate,” he said.

He further argued that such comments from a senior government official risk creating a hostile atmosphere for journalists who are simply carrying out their professional duties in the public interest.

The NUJ President warned that any attempt to silence critical journalism through threats or intimidation poses a serious danger to democracy and the right of citizens to access credible information.

“It sends a dangerous message that critical reporting will be met with hostility and threats of violence, which is entirely antithetical to the spirit of a free and open society,” Abdullahi stated.

The union therefore called on Wike to tender an immediate and unreserved apology over the alleged comment, while also urging the Federal Government to publicly distance itself from any form of threat against journalists.

Abdullahi said the government must take concrete steps to reassure media professionals about their safety and guarantee an environment where they can operate without fear of harassment, violence, or reprisals.

He also appealed to media organisations, civil society groups and all defenders of democratic values to unite in rejecting what he described as a blatant assault on press freedom in the country.

According to him, the safety of journalists remains central to the survival of democracy, insisting that any effort to muzzle the media must be firmly resisted.

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Power Sector Expert Hails TCN Boss’ Reappointment, Says Move Will Deepen Grid Reforms

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Power Sector Expert Hails TCN Boss’ Reappointment, Says Move Will Deepen Grid Reforms

Power Sector Expert Hails TCN Boss’ Reappointment, Says Move Will Deepen Grid Reforms

By Auwal Ahmad

A power sector expert from Bauchi State, Engineer Auwal Gwallaga, has welcomed the reappointment of Engineer Dr. Sule Ahmed Abdulaziz as the Managing Director of the Transmission Company of Nigeria (TCN), describing the decision as a strong vote of confidence in his leadership.

Responding to the development, Gwallaga said the renewed appointment was well-earned, noting that Abdulaziz had shown commitment, professionalism, and strategic direction in managing the country’s transmission network.

He said the TCN boss had, over the years, demonstrated the capacity needed to steer one of the most critical institutions in Nigeria’s electricity value chain, especially at a time when the country is pushing for improved power delivery and infrastructure expansion.

According to him, Abdulaziz’s leadership has inspired confidence among stakeholders in the energy sector and helped sustain efforts aimed at strengthening the national grid.

Gwallaga expressed optimism that the second term would provide an opportunity to consolidate ongoing reforms, accelerate the upgrading of transmission facilities, and improve the stability of electricity supply across the country.

“The reappointment of the TCN Managing Director is well-deserved. His track record in driving the growth and modernisation of Nigeria’s power transmission infrastructure speaks for itself,” he said.

He added that the decision was not surprising, given what he described as Abdulaziz’s visible contributions to the expansion and development of the nation’s power transmission capacity.

The electricity expert further said continuity in leadership at the Transmission Company of Nigeria would be vital in sustaining key projects and policies designed to meet the country’s rising energy needs.

He maintained that with the right support and policy consistency, the TCN under Abdulaziz could deliver greater improvements in transmission efficiency and national power stability.

The reappointment, he said, has been widely anticipated by many industry observers who see it as a step toward consolidating gains already recorded in the sector.

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Tinubu Renews Abdulaziz’s Tenure as TCN Managing Director

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Tinubu Renews Abdulaziz’s Tenure as TCN Managing Director

Tinubu Renews Abdulaziz’s Tenure as TCN Managing Director

By Jamila Muhammad

President Bola Ahmed Tinubu has reappointed Engineer Dr Sule Ahmed Abdulaziz as the Managing Director of the Transmission Company of Nigeria (TCN), extending his leadership of the nation’s electricity transmission agency for a second term.

The Presidency said the decision reflects confidence in Mr Abdulaziz’s performance and his role in advancing reforms aimed at strengthening Nigeria’s fragile power infrastructure.

The announcement was made in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, who described the reappointment as a recognition of Abdulaziz’s leadership and commitment to the growth of the power sector.

During his first tenure, Abdulaziz supervised several transmission expansion and upgrade projects designed to improve the efficiency, stability and reliability of electricity supplies across the country.

His administration at TCN was also marked by efforts to modernise the national grid and enhance the company’s operational capacity amid a growing demand for improved electricity transmission.

The Presidency said his return is expected to sustain ongoing efforts to expand and strengthen the national transmission network in line with the government’s broader energy objectives.

The statement noted that the reappointment comes at a time when Nigeria continues to grapple with persistent electricity challenges, making the transmission segment a critical part of reforms aimed at improving power supply nationwide.

Analysts say continuity in the leadership of TCN could help preserve institutional momentum and support the completion of key infrastructure projects across the country.

Mr. Abdulaziz is expected to continue leading initiatives focused on grid expansion, improved system performance, and long-term transmission stability.

“The reappointment is a testament to Abdulaziz’s exceptional leadership skills and commitment to the development of Nigeria’s power sector,” Mr Onanuga said in the statement.

The Transmission Company of Nigeria plays a central role in the country’s power value chain, serving as the link between electricity generation companies and distribution companies. Many view its performance as crucial to enhancing energy access and boosting economic productivity.

With his renewed mandate, Abdulaziz is expected to consolidate existing gains while steering the company through the next phase of transmission reforms and infrastructure development.

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