Sacked Dr. Michael Akabogu, Managing Director/CEO of NSITF

Alleged Frauds: How Buhari sacks NSITF CEO Michael Akabogu over fake NYSC Certificate

*Sources disclose sacked Dr. Michael Akabogu, Managing Director/Chief Executive Officer of Nigeria Social Insurance Trust Fund, was appointed the substantive CEO of the regulatory agency 2021 with an alleged forged NYSC Discharge Certificate with fake Number A030544

Alexander Davis | ConsumerConnect

Sequel to an alleged National Youth Service Corps (NYSC) Certificate scandal and related infractions, President Muhammadu Buhari has dismissed Dr. Michael Akabogu, Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF).

ConsumerConnect reports  President Buhari fired Dr. Akabogu February 3, 2023, according to an internal memo by Gabriel Iwelunmor, Executive Director of Operations at NSITF

Sources indicated that the Federal Government sacked the ex-NSITF Chief in connection with his purported forgery of the Discharge Certificate of the one-year mandatory National Service.

Iwelunmor stated: “I am directed to inform you that Mr. President, Muhammadu Buhari, in the exercise of his powers under Section 8 of the NSITF Act, has directed the removal from office of Dr. Michael Akabogu as the Managing Director/CE of the Nigeria Social Insurance Trust Fund (NSITF) with effect from Friday, 3rd February, 2023.

“Subsequently, the Executive Director Administration of the Fund, Barr. (Mrs.) Maureen Allagoa, has been directed to take charge of the affairs of the Fund.”

The memo also noted: “Furthermore, this information should be communicated to the staff of your various Departments/Units, Regions and Branches.”

How the forgery scandal was uncovered

It is recalled that a whistleblower, in 2022, had petitioned the Nigeria Police, alleging that the sacked NSITF Managing Director was holding a fake NYSC Discharge Certificate with Number: A030544.

It was learnt the Police authorities subsequently invited Akabogu for questioning after the NYSC Management had declared the Scheme did not issue the fake NYSC discharge certificate he claimed he had obtained legally.

The sacked Chief Executive was reported to have claimed that he was mobilised for the National Service, vide No. OG/ FUTO/ 91/23402 for the first Batch from the 4th of October 1991 to the 3rd of October, 1992.

Investigation, however revealed that Akabogu’s NYSC Discharge Certificate bearing number A030544 was allegedly forged.

More so, it was found the first batch of 1991 Corps members were mobilised on the 16th of September, 1991 and discharged/passed out of the Service 15th of September 1992.

The evidence, report said, proved contrary to Akabogu’s earlier claim that he was mobilised for the first batch from 4th, October, 1991 to 3rd October 1992.

His stint at ‘corruption-infested’ NSITF

It is also recalled that in August 2022, during a probe of the Nigeria Social Insurance Trust Fund by the Senate Public Account Committee (SPAC), which scrutinising the audit queries issued against NSITF as contained in the 2018 report of the Auditor General for the Federation (AUGF) to explain the spending of N17.158billion of taxpayers’ money in 2013, which the NSTIF leadership could not justify the spending with required documents by the legislators.

The was also a puerile claim that some of the vouchers had been “eaten up by termites and this scandal generated series of mixed reactions across the country.

Unmerited, fraudulent appointment to Directorship level

A source, who pleaded for anonymity had disclosed to Sahara Reporters, that Akabogu “fraudulently gained a Director level appointment some six years ago at NSITF, and was subsequently appointed the substantive Managing Director/Chief Executive Officer of the agency in 2021 with an alleged forged NYSC discharge certificate bearing certificate number, A030544.”

The source also said: “This fraudulent public servant has been confirmed to be a pathological liar.

“Some of us are very ready to meet the fraudulent Managing Director in court and testify under oath. “There are concerns that the Honourable Minister, who was misadvised by the fraudster and his cronies to recommend him to Mr. President to take up the position of Managing Director of NSITF, which he was not qualified to hold ab-initio.”

He further stated: “We are, therefore, calling on the Honourable Minister and the law enforcement agencies to take urgent action to save the agency (NSITF) from Akabogu, the imposter and the troubles it portends for the agency.

“The Managing Director must do the needful and vacate the seat and refund every money received as salaries from the government coffers, wages, allowances and resign honourably just as former Finance Minister, Kemi Adeosun did.”

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