Uncategorized
BREAKING: NSITF Boss Enmeshed in ₦297 Billion Scandal, Allegedly Operates Over 100 Bank Accounts
Fabian Apechihin
Fresh allegations have emerged against the Managing Director and Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF), Oluwaseun Mayomi Faleye, over the alleged diversion and mismanagement of workers’ compensation funds amounting to hundreds of billions of naira.
According to investigative documents obtained by this newspaper, Faleye is accused of operating more than 100 bank accounts linked to a single Bank Verification Number (BVN) and granting himself unrestricted spending powers. This reportedly allowed him to authorize fund disbursements without approval from the NSITF Management Board or adherence to federal financial regulations.
₦297bn Received, ₦243bn Allegedly Spent Without Approval
The documents reviewed indicate that between January 2 and October 9, 2025, the NSITF recorded total inflows of ₦297,019,145,288.60. The funds were said to have been generated solely from mandatory employer contributions under the Employees’ Compensation Act (ECA).
Within the same period, ₦243,203,518,621.17 was reportedly expended. Senior officials cited in the report alleged that a significant portion of the spending occurred without the approval of the NSITF Management Board, in breach of the law establishing the Fund.
‘Unlimited Approval’ Resolution Sparks Concern
At the centre of the controversy is a document dated March 4, 2025, described as an extract from the minutes of the 46th Executive Committee (EXCO) meeting of the NSITF, allegedly chaired and signed by Faleye.
The document reportedly outlined approval limits for other officials as follows:
- Other General Managers: ₦25,000
- General Manager (Finance): ₦50,000
- Other Executive Directors: ₦750,000
- Executive Director (Finance & Investment): ₦1,000,000
However, it allegedly placed no approval limit on the Managing Director/CEO.
Sources claimed this effectively empowered Faleye to approve payments of any amount without reference to the Board or external oversight, contrary to existing public finance regulations.
Official Reactions
When contacted, Faleye reportedly said he was unaware of the allegations. SaharaReporters further claimed that he abruptly ended the call when questioned about alleged dollar inflows, and subsequent attempts to reach him were unsuccessful.
The Permanent Secretary of the Federal Ministry of Labour and Employment, Salihu Usman, was also quoted as denying knowledge of the alleged transactions.
As of the time of filing this report, the NSITF had yet to issue an official statement. The allegations have renewed calls for a comprehensive forensic audit of the Fund and stronger accountability measures to safeguard workers’ contributions under the Employees’ Compensation Scheme.
Uncategorized
Lawyer Demands Release of Detained Kano Blogger, Maryam Shehu
By Hassan Agboola
A lawyer and human rights activist, Hamza Nuhu Dantani, has called for the immediate release of Kano-based blogger, Maryam Shehu, who he said has been in the custody of the Economic and Financial Crimes Commission (EFCC) for almost 30 days.
Dantani, in a statement on Monday, said the prolonged detention of Shehu was becoming difficult to reconcile with the rule of law and provisions of the 1999 Constitution, particularly her fundamental right to personal liberty.
He questioned why Shehu should remain in detention for nearly 30 days, particularly over an offence he described as ordinarily bailable.
“How on earth can a person be detained for almost 30 days and counting, particularly in relation to an offence that is ordinarily bailable, without meaningful consideration of her liberty and constitutional rights?” he asked.
Dantani said the EFCC’s powers to investigate did not give the commission the right to detain a suspect indefinitely, punish her before trial or disregard her fundamental rights.
He also criticised the alleged practice of photographing persons in EFCC custody and publishing their images online while they remain presumed innocent.
Citing Section 36(5) of the Constitution, Dantani said the law guarantees the presumption of innocence until a suspect is proven guilty by a competent court.
He warned that publicly portraying suspects as criminals before trial could amount to subjecting them to public punishment and humiliation.
“The EFCC is a law-enforcement institution. It must therefore be the first institution to demonstrate obedience to law. It cannot demand respect for law from citizens while appearing to disregard constitutional safeguards itself,” he said.
Dantani urged the commission to either charge Shehu before a competent court if it has credible evidence against her or release her immediately
.
“We call on EFCC to respect the Constitution, respect presumption of innocence and respect fundamental right to personal liberty. Investigation is not conviction. Detention is not punishment. And an allegation is not guilt,” he said.
Uncategorized
Cristiano Ronaldo’s Comment on Lionel Messi’s Tribute to His Dad Becomes Most-Liked Instagram Comment
By Fabian Apechihin
Cristiano Ronaldo’s heartfelt message to Lionel Messi following the death of his father, Jorge Messi, has reportedly become the most-liked comment in Instagram history.
Jorge Messi died on August 7 in Rosario, Argentina, aged 68. Five days later, Messi paid tribute to his late father in an emotional Instagram post featuring a photo of the pair.
In the post, Messi wrote, “Te amo, pa” — meaning “I love you, Dad” — alongside a lengthy tribute reflecting on his father’s influence and the pain of losing him.
Among the many reactions from fans, celebrities and fellow footballers was a message from Ronaldo.
“Un abrazo enorme para ti y los tuyos en estos duros momentos, Leo. Mucha fuerza,” Ronaldo wrote, which translates to: “A huge hug to you and yours in these tough times, Leo. Much strength.”
Ronaldo’s comment reportedly attracted more than 6.86 million likes and over 86,000 comments, making it the most-liked comment on Instagram.
The previous record was also held by Ronaldo, whose comment on Kylian Mbappé’s announcement of his move to Real Madrid reportedly received more than five million likes.
Other football stars also expressed their condolences to Messi. Neymar Jr.’s message, translated as “Much strength for you and your family. Big hug,” reportedly received more than 1.6 million likes, while David Beckham’s comment expressing support for Messi and his family attracted more than 300,000 likes.
In his tribute, Messi described his father’s death as difficult to comprehend, saying he struggled to accept that he would no longer see or speak with him.
Messi also recalled how his father had encouraged him to play at the 2026 World Cup despite his deteriorating health. He said his father had hoped to watch him compete and had planned to travel if his condition improved.
According to Messi, he had promised his father that Argentina would reach the final so he could be there. Although Argentina reached the final, his father was unable to attend.
Reflecting on the loss, Messi said he had wanted to win the tournament and bring the trophy to his father but ultimately struggled physically during the competition.
The emotional tribute highlighted the close bond between Messi and his father and the profound impact of his loss on the football superstar.
Uncategorized
Why Did Senate President, Edo Governor Come to Osun to Monitor Election? – Analyst
By Fabian Apechihin
Aliu Mohammed, Chief Executive Officer of Magnate Communication and Public Affairs Analyst, has questioned the decision of Senate President Godswill Akpabio and Edo State Governor Monday Okpebholo to travel to Osun State to monitor the governorship election.
Mohammed raised the question while discussing political developments surrounding the election during an interview with Vanguard News TV on Tuesday, August 18, 2026.
The public affairs analyst wondered why senior political figures, including the Senate President and a governor from another state, would personally travel to Osun to monitor the election when the All Progressives Congress (APC) already had party officials on the ground to represent its interests.
“Why would people at the level of Senate President, the Governor of Edo State, come to Osun State to monitor an election when you have your party officials there?” Mohammed asked.
His comments came amid discussions about the involvement of senior APC figures in the Osun governorship election. Their presence in the state attracted attention as political parties and their supporters monitored the voting process and awaited the outcome.
Mohammed questioned the necessity of having the Senate President and the Edo State Governor physically present in Osun to observe the electoral process.
He argued that party officials ordinarily have the responsibility of monitoring elections and representing their parties at polling locations and other relevant stages of the process.
-
Uncategorized6 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines11 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News12 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News9 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News10 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology5 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader
