The presidency has moved to resolve the disagreement between the Federal Ministry of Labour and Employment and the leadership of the Nigerian Labour Congress (NLC) over the appointment of the Chairman of the board of the Nigeria Social Insurance Trust Fund (NSITF).
In a statement, the special adviser media to the President, Femi Adesina, clarified that the NSITF is wholly federal government of owned insurance parastatal under the supervision of the Federal Ministry of Labour and Employment, designed for the role of insuring workers in the public and private sectors.
He said the organization is empowered by law to implement the Employee Compensation Act (ECA) 2010 with mandate to insure workers and pay them compensation for accidents, deaths and injuries in the course of work.
He explained that the NSITF was bedevilled 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.
Adesina added that 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.
He averred that this fraud has been investigated by the Economic and Financial Crimes Commission (EFCC) and the last Chairman and some members of the former board and some officials of the NSITF are presently being prosecuted by the EFCC.
“All actions taken by the minister of Labour and Employment towards the resuscitation and repositioning of this ailing agency, including the Administrative Panel of Inquiry into the affairs of NSITF and the suspension of the inauguration of the board in 2018 were part of the special work plan approved for the minister by Mr. President.
“The appointment of the chairman of this board, which is in consonance with Sec. 4(a) 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. Austin Enejamo-Isire, a Chartered Accountant, Fellow, Institute of Chartered Accountants of Nigeria (ICAN) and renowned Insurance expert, Senior Member, Chartered Institute of Insurance of Nigeria (CIIN), Chartered Institute of Bankers of Nigeria (CIBN) and Chartered Institute of Taxation of Nigeria (CITN) was approved by Mr. President for this position. Also approved by Mr. President were the Managing Director and three Executive Directors who had assumed duties since 18 April 2017.
“Others also approved as Non-Executive Directors are two (2) members to represent the Nigerian Labour Congress (NLC), two members to represent the Nigerian Employers’ Consultative Association (NECA) and one (1) member each to represent the Central Bank of Nigeria and the Federal Ministry of Labour and Employment. Members of this board are to be formally inaugurated at 9 a.m. on Monday, May 13, 2019 by the Hon. Minister of Labour and Employment at the Banquet Hall of the Presidential Villa, Aso Rock, Abuja.
“Comrade Frank Kokori , our respected veteran labour leader has Mr. President’s immense respect and has also been appointed on the recommendation of the Hon Minister of Labour and Employment to chair the board of Michael Imoudu National Institute for Labour Studies (MINILS), a diploma awarding labour institution.
“Finally, the Presidency has noted with deep concern and regrets, the events that culminated in a skirmish at the private residence of the Hon. Minister of Labour and Employment, and condemns it, in its entirety.
“However, in the spirit of reconciliation, the Presidency appeals for calm from the NLC and the Ministry of Labour and Employment officials, as there are ongoing efforts to reconcile the NLC leadership with the Ministry of Labour and Employment, led by their minister who has doggedly been fighting the cause of Nigerian workers whenever their issue is discussed by government, the latest being the enactment of the new National Minimum Wage Act 2019.
SERAP Asks Malami To Create Public Registers For Corrupt Governors, Others
Family Demands Justice Over Son’s Murder
FUTO VC Commends WHO On Healthcare Delivery
AFRIMA Releases Final Nominees’ List For 6th Edition
Japan Protests As S/Korean Military Drills Around Disputed Islands
Israeli Drones In Beirut Attempt To Stir Regional Tensions, Say Hariri
Coalition Alleges Fresh Plot To Stall Ex-Gov Kalu’s Trial
NEWS20 hours ago
‘Aregbesola Will End Illegal Replacement In Paramilitary’
EDUCATION21 hours ago
Wamakko To Build First Private Varsity In Sokoto
COVER STORIES22 hours ago
FBI Releases Full List Of Nigerians Indicted Of Cybercrime
NEWS22 hours ago
Operation Lafiya Dole: New TC, Adeniyi Leads Patrol Around Gajigana
COVER STORIES6 hours ago
Tribunal: PMB, Atiku Know Fate September 13
NEWS21 hours ago
NLC Confirms Ubgoaja As New General Secretary
NEWS14 hours ago
Sponsored Attacks Against Omo-Agege Won’t Work-Isoko Leaders
CRIME21 hours ago
Saudi Authorities To Execute 23 Nigerians For Drug Crimes