To ensure the accountability of subscribers’ funds, the Nigeria Social Insurance Trust Fund (NSITF) is collaborating with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to strengthen its internal capacity to fight corruption and win public trust.
The partnership aims to detect corruption within the Fund and promote good governance. It upholds accountability and integrity while maintaining its commitment to ethical principles.
The managing director of NSITF, Barrister Oluwaseun Faleye, explained this yesterday when he led a management delegation on a courtesy call to the Chairman of the ICPC, Dr Musa Adamu Aliyu. He noted that the collaboration could redefine the fight against corruption in the NSITF and the country.
He pointed out that the partnership was critical to efforts and the desire to eradicate corruption, stating that the gathering underscored a shared vision, merging time-honoured values with bold, forward-thinking reforms.
Barrister Faleye said: “NSITF has long prided itself on upholding the highest ethical standards. We are fully dedicated to fostering a culture of transparency and integrity.
“This meeting wasn’t just a routine protocol; it was a decisive step toward a collaborative future with the Independent Corrupt Practices Commission (ICPC), an agency that stands as a bulwark against corrupt practices.”
Buttressing their determination, he said, “The commitment is clear, by empowering its Anti-Corruption and Transparency Unit (ACTU) and launching a comprehensive, Fund-wide campaign on corruption prevention. With about 120 staff earmarked to serve as ACTU liaison officers, the institution is reinforcing its traditional values of accountability and public trust.
“The fewer the scandals, the greater our people trust us. This is not merely a regulatory exercise; it’s a strategic move to reclaim the public’s confidence. By embracing established practices of rigorous audit, internal compliance, and capacity building, NSITF and ICPC are set to create a robust, corruption-resistant framework.
In his response, the Chairman of ICPC, Dr Musa Adamu Aliyu, echoed the importance of ICPC and NSITF as two sensitive and critical agencies to national development.
Aliyu said, “For any MDA that deals with funds, there are a lot of risks and challenges, especially in dealing with employees and the funds contributed by workers. That is why your job is very sensitive.
“I quite agree that your most valuable assets are trust and confidence. If people have confidence in you, they will be willing to make their contributions, but once they don’t have that confidence, you will be facing many challenges.’’
