Joseph Atobisi: Cleaning the Augean stable in NSITF
employees of labour in the Private sector, registered under the Companies and Allied Matters Act 1990, either as companies or partnerships, irrespective of the number of their employees or were sole businesses of not less than five employees were required to register as a member of NSIFT scheme and remit contributions monthly.
In 2018, an Administrative Panel of Enquiry headed by Ishaya Awotu uncovered how NSITF allegedly misappropriated N6.2 billion through irregular allowances totaling N5.7 billion paid to staff and management. Most recently, another can of worm was opened in NSITF, following the suspension of Managing Director of NSITF, Adebayo Somefun, the three Executive Directors and some senior management staff by President Muhammadu Buhari who came to office in May 2015 on the mantra of “war against corruption.” Charles Akpan, the Director of Press and Public Relations in the Federal Ministry of Labour and Employment, announced the suspension in a statement he released to the media on July 2.
But, the Labour Ministry insisted that due process was followed strictly in the suspension of the top management of the Nigerian Social Insurance Trust Fund over issues of N3.4 billion corruption following concerns raised in some quarters.
“NECA leadership should have been more restrained and responsive to the mantra of this administration like their NLC counterparts as the NSITF is a Federal Government parastatal operating within the realm of the Constitution, Public Service rules and the NSITF Act, which empowers the Minister to recommend fit and proper person to Mr.
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