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AMCON, CBN, NDIC Others Get NSITF Recognition For Compliance

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The Nigeria Social Insurance Trust Fund (NSITF) has given awards to the Asset Management Corporation of Nigeria (AMCON), the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) amongst others in recognition of their dedication to the Employee Compensation Scheme (ECS). Explaining the criteria for the selection of AMCON and other firms for the awards, which held earlier in the week, NSITF explained that the gesture was a way of appreciating firms that had kept faith with the scheme. AMCON, CBN, NDIC including Abuja Electric Distribution Company (AEDC), amongst others received the award.

The organisers explained that these organisations have shown outstanding compliance to the NSITF’s Employee Compensation Scheme (ECS), which is worthy of emulation by all companies that are operating in the country. Managing director of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Adebayo Somefun, who presided over the award ceremony, while presenting the award to Mrs. Nina Adibe, who received the award on behalf of the MD of AMCON, thanked the Corporation for being among the most compliant as far as the scheme was concerned and urged all the winning companies to keep up the good work.

He also called on other companies that had not been compliant to familiarise themselves with the Employee Compensation Act 2010; the Employee Compensation Scheme (ECS) as well as the activities of the Nigeria Social Insurance Trust Fund (NSITF). While receiving the award in his office at the weekend the AMCON’s chief executive officer, Ahmed Kuru, said he was humbled by the fact that a sister agency as important as the NSITF appreciates AMCON’s dedication to the advancement of any programme or project that was in the interest of Nigerians. He promised that the award would re energise AMCON to keep doing what is right while pursuing its recovery mandate without fear or favour.



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