NLC Vs Ngige: Presidency Breaks Silence On Rift Over NSITF.
The Presidency has finally reacted to the disagreement between the Federal Ministry of Labour and Employment and the leadership of the Nigerian Labour Congress over the appointment of the Chairman of the board of the Nigeria Social Insurance Trust Fund .
According to the statement by Adesina on Sunday, the organization is empowered by law to implement the Employee Compensation Act 2010 with a mandate to insure workers and pay them compensation for accidents, deaths, and injuries in the course of work.
B. The NSITF was bedevilled and riddled with corruption between 2012 – 2015, which resulted in a colossal loss and mismanagement of about N48 billion out of the total N62 billion contributions during the said period. These were contributions by the Employers – viz government and the private sector for payment of compensation to workers and even to Employers for loss of man-hours by their workers.
D. The appointment of the Chairman of this board, which is in consonance with Sec. 4 of the NSITF Act CAP N88 of 2004 was also approved by Mr. President since 23rd July, 2018 on the recommendation of the Hon. Minister. Mr.
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