Bayo Somefun

In 2021, Bayo Somefun was arraigned on corruption charges related to a N3.4 billion fraud scheme involving the Nigeria Social Insurance Trust Fund (NSITF). The case was documented as one of Nigeria's most significant corruption cases that year, highlighting systematic abuse within a federal agency responsible for managing workers' compensation and social security benefits. Somefun's arraignment represented part of ongoing efforts to prosecute high-profile corruption cases during President Buhari's administration.

The NSITF, established to provide social protection for Nigerian workers, had become a target for fraudulent activities due to weak oversight mechanisms and the large sums of money it managed. During the 2010s and early 2020s, several federal agencies faced similar corruption scandals as anti-corruption agencies like the EFCC intensified investigations. The scale of the alleged fraud—N3.4 billion—reflected the magnitude of financial crimes that had plagued Nigeria's public institutions, particularly those handling pension funds and social insurance schemes.