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“N30bn Missing From NSITF” – Chris Ngige

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The minister of Labour and Employment, Dr. Chris Ngige, in line with a presidential directive, yesterday inaugurated all the boards of parastatals under the Ministry of Labour except the board of the Nigeria Social Insurance Trust Fund (NSITF) due to the huge fraud discovered in the agency.

The boards inaugurated by the minister include those of the National Productivity Centre (NPC), National Directorate of Employment (NDE), and Michael Imoudu National institute for Labour Studies (MINILS).

LEADERSHIP Weekend recalls that the president had in October 2017 constituted the board of the NSITF with the former president of National Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, as the chairman.

However, giving reasons why the board was not inaugurated alongside others yesterday, Ngige said he had the consent of the president to stay action on inaugurating the NSITF board the pending the outcome of the administrative enquiry recently set up by the ministry to investigate the mindless looting of the agency.

The minister urged members of the other boards so inaugurated to be accountable in the discharge of their mandates to avoid a repeat of the rot in the NSITF.

Ngige said: “The operations of the various parastatals must strictly conform to financial regulations, especially Section 32 and the provisions of the Procurement Act. The audited accounts of the parastatals must always be prepared and submitted to the relevant authorities as and when due.

“The NSITF, for example, is reeling from massive looting with no audited account for five years. A whooping sum of N5billion was unearthed by an audit panel of enquiry as having been taken out of the NSITF coffers with First Bank in a single day without vouchers.

“Worse still, the organisation maintained no cash book as required by financial regulations. This resulted in massive looting of funds by board members acting in concert with the management staff.

“When we say N5 billion was taken in one day, that’s not the only amount missing. Over N30billion cannot be accounted for and the members of the past board participated actively in the looting.

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Politics

Benue Governor Alia Appoints 10 Aides, Assigns Youth, Revenue and Community Roles

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Benue State Governor, Hyacinth Alia, has approved the appointment of 10 new aides to serve in various capacities across his administration.

The appointments were announced on Wednesday, November 4, 2026, in a statement issued by the governor’s Chief Press Secretary, Tersoo Kula.

According to the statement, the new appointees are expected to bring their experience and expertise to their respective offices and contribute to the administration’s development agenda.

Those appointed include Kelvin Atsem as Principal Special Assistant on Youth Mobilisation, Ulaha Paschal Aondolumun as Special Assistant on Community Relations, and Terhemen Ndiisaa as Principal Special Assistant on Politics.

Others are Galim Terhide, appointed Special Assistant on Revenue; Ankpo Tarvershima, Special Assistant on Sanitation; and Job Tseagh, Principal Special Assistant on Power.

Lubem Mbabov, Terwase Aondoakaa and Charles Tema were also appointed Principal Special Assistants on Community Engagement.

Governor Alia charged the appointees to familiarise themselves with his administration’s blueprint and ensure their activities align with its policies and guiding principles.

He urged them to demonstrate commitment, integrity and dedication in carrying out their responsibilities, stressing that the interests of Benue State must remain their priority.

The governor also expressed his expectation that the new officials would contribute meaningfully to service delivery and the implementation of government programmes.

The latest appointments come days after Alia approved 23 other appointments to fill vacant positions left by officials who resigned from his administration. He also constituted a five-member Benue State Primary Healthcare Board as part of efforts to strengthen the state’s healthcare administration.

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Makinde Loses Budget Commissioner, Two Other Appointees Ahead of 2027 Elections

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Three political appointees serving under Oyo State Governor Seyi Makinde have resigned from their positions, adding to a series of departures from the state government ahead of the 2027 general elections.

The officials are the Commissioner for Budget and Economic Planning, Ayobami Oluwaseun Ojo; Special Adviser on Budget and Economic Planning, Simeon Adegbola Oyeleke; and a member of the Oyo State Independent Electoral Commission (OYSIEC), Sunday Olugbenga Falana.

Their resignations were communicated on Monday, November 2, 2026, with all three officials indicating that their decisions would take immediate effect.

Ojo conveyed his resignation in a letter addressed to Makinde through the Secretary to the State Government, Professor Musibau Babatunde. He referred to his appointment letter dated June 22, 2026, but did not disclose the reason for leaving the position.

The former commissioner thanked the governor for the confidence reposed in him and the opportunity to serve Oyo State.

Similarly, Oyeleke, a former two-term member of the Oyo State House of Assembly and former local government chairman, tendered his resignation in a letter dated November 2.

Unlike Ojo, Oyeleke gave an explanation for his decision, stating that he was no longer comfortable with the working environment in the administration.

He said the circumstances had made it difficult for him to effectively pursue and fulfil the aspirations of his people while serving in the government.

Despite his decision, Oyeleke appreciated Makinde for his leadership, encouragement and support, as well as the opportunity to contribute to the administration’s policies and development programmes.

Falana, who hails from Ogbomoso, also resigned his appointment as a member of OYSIEC through a letter addressed to the governor via the Chief of Staff.

He did not state the reason for his departure but described his experience serving on the state’s electoral management body as worthwhile and expressed appreciation to the governor for the opportunity.

The latest resignations come weeks after the departure of Makinde’s Chief of Staff, Segun Ogunwuyi, who stepped down in October after serving in the position for more than five years. The former Director-General of the state’s Due Process Office, Tara Adefope, also resigned around the same period.

Other officials have reportedly left the administration in recent months, including political appointees and members of the governor’s advisory team.

The developments are taking place as political activities gradually intensify ahead of the 2027 general elections. However, the three latest appointees did not collectively attribute their resignations to the forthcoming elections.

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NACC Introduces Nigerian Entrepreneurs to US EB-5 Investment Programme

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The Nigerian-American Chamber of Commerce (NACC) has introduced Nigerian entrepreneurs, business executives and investors to an investment programme that offers eligible foreign nationals a pathway to permanent residency in the United States.

The chamber organised an executive roundtable in Lagos on October 22, 2026, to explain the requirements and opportunities under the US EB-5 Immigrant Investor Programme. The engagement was themed “Exploring the U.S. EB-5 Immigrant Investor Programme: A Strategic Pathway to U.S. Permanent Residency and Global Mobility.”

According to the chamber, the session was designed to help participants understand how qualifying investments can provide a route to US permanent residency, alongside opportunities for international business expansion.

The EB-5 programme allows eligible foreign investors to apply for permanent residency by making qualifying investments that meet requirements established by US immigration authorities. These include conditions relating to job creation and other applicable investment criteria.

The event was hosted by NACC National President, Alhaji Sheriff Balogun, while Moussa Ndiaye, Vice President of Business Development and Head of Europe, Middle East and Africa at U.S. Immigration Fund, spoke on the programme and how prospective applicants could navigate its requirements.

Grace Adeyemo, chairperson of the chamber’s Trade and Investment Committee, also participated in the discussion. The roundtable was sponsored by U.S. Immigration Fund and brought together business leaders, entrepreneurs and prospective investors interested in learning about investment-linked immigration options.

The NACC said the initiative formed part of its broader efforts to promote investment education, encourage international business engagement and strengthen economic relations between Nigeria and the United States.

The chamber added that it would continue to provide platforms for business networking, investment facilitation and bilateral trade cooperation.

However, participation in the programme does not guarantee permanent residency. Prospective applicants must meet the relevant investment, job-creation and immigration requirements set by US authorities.

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