The Nigeria Social Insurance Trust Fund (NSITF) has dismissed reports alleging a management crisis and mass resignations within the organisation, insisting that the claims are inaccurate and founded on a misrepresentation of facts.
The Fund said the allegations, which originated from a publication dated June 4, 2026, and were subsequently amplified by some civil society organisations, do not reflect the reality within the agency.
Speaking in a statement issued on Friday in Abuja, the Head of Corporate Affairs at NSITF, Alexandra Mede, said there was no managerial crisis or widespread wave of resignations in the organisation. She explained that the exits being referenced formed part of a structured Voluntary Retirement Exercise (VRE), introduced as an institutional reform measure and implemented in accordance with labour laws and Public Service Rules.
Mede said the management of NSITF categorically rejected the allegations and described both the publication and the demands arising from it as misleading and without merit.
“The Management of the Nigeria Social Insurance Trust Fund wishes to categorically reject the allegations recently circulated by a coalition of civil society organisations,” she said.
According to her, the VRE was publicly advertised on March 3, 2026, and was open to confirmed employees within designated senior management cadres.
She explained that the initiative followed recommendations from an independent staff audit conducted by PricewaterhouseCoopers and was intended to strengthen the institution through carefully planned workforce reforms.
“The VRE was a deliberate institutional reform initiative informed by recommendations from an independent staff audit conducted by PricewaterhouseCoopers,” Mede stated.
She added that employees who participated in the exercise exited voluntarily and received all financial entitlements attached to the programme. She noted that the exercise was subsequently extended following approval by the Management Board at its 83rd meeting held on April 28, 2026.
Mede stressed that all departures under the programme were voluntary and processed in line with approved guidelines, contrary to claims that employees had been intimidated or compelled to resign.
“To characterise this structured and transparent exercise as hundreds of staff resigning amid intimidation is factually incorrect and constitutes irresponsible journalism,” she said.
The NSITF spokesperson also expressed concern over what she described as the amplification of unverified allegations by some civil society groups against a Federal Government institution.
She said the Fund had established channels for addressing employee grievances through its Human Resource Management Department and noted that no substantiated complaints of victimisation had been received.
Addressing allegations of financial misconduct, including claims concerning multiple bank accounts and an alleged N297 billion scandal, Mede said the accusations remained unproven and were currently under investigation.
She maintained that the Fund remained subject to statutory oversight mechanisms and welcomed any lawful and evidence-based inquiry into its operations.
Mede further stated that calls for the removal of the NSITF Managing Director and Board Chairman lacked verifiable evidence.
According to her, the Fund has recorded significant improvements in service delivery, coverage expansion, and operational efficiency under the leadership of Managing Director Oluwaseun Faleye.
She urged members of the public and relevant authorities to evaluate the allegations objectively and rely on established facts before drawing conclusions.
Mede reaffirmed the Fund’s commitment to transparency, accountability, and the welfare of Nigerian workers, while calling for greater accuracy and responsibility in public discourse concerning the organisation.
