NSITF Disburses N11m To Family Of Deceased Bank Employee

The family of a deceased Unity Bank employee has received N11 million in lump sum death benefits from the Nigeria Social Insurance Trust Fund (NSITF).

Presenting the cheque in Lagos, the managing director of the NSITF, Oluwaseun Faleye, said the sum represented about twenty months’ arrears in death benefits, with emphasis that the family of the deceased would continue to receive a monthly sum of N508,000 until the last child turns 21 years.

Faleye, who recounted that the deceased died in an accident while in the course of duty, stated that the case was the sixth compensation being paid to Unity Bank employees.

He lauded the bank for complying with the Employee Compensation Act by enrolling its employees under the Employee Compensation Scheme (ECS).

According to a statement issued by the fund, Faleye pointed out that the benefits paid to the bank’s beneficiaries are the fruits of the bank’s commitment to its workers’ welfare.

The MD reiterated NSITF’s commitment to promoting safety and health in the workplace and providing adequate compensation for disease, injury, or death.

Responding, Unity Bank’s managing director, Mr Ebenezer Kolawole, thanked the NSITF management for its continued show of responsibility to Nigerian workers. He promised to sustain the collaborations between the two organisations and vowed to always prioritise the welfare of Unity Bank employees.