Alleged N3.4bn: Ngige inaugurates panel to probe suspended NSITF MD, others

Minister of Labour and Employment Chris Ngige has inaugurated a Presidential Joint Board and Audit Investigation Panel to probe alleged N3.4 billion financial infractions leveled against suspended Managing Director of the Nigeria Social Insurance Trust Fund , Adebayo Somefun and three other directors.

The committee is chaired by Com Ibrahim Khaleel of the Nigeria Labour Congress and Chairman of the Audit Committee of the NSITF board. The Minister, who was represented by Permanent Secretary, Federal Ministry of Labour and Employ, William Alo, said the eight- member committee has three weeks to submit its report.Somefun, three directors and ten management staff were suspended by the Minister over allegations of financial infraction and procurement breaches.

Ngige said: “The NSITF is a government – owned human centered entity which was established to address the socio- economic needs in the world of work by providing compensation to insured employees who suffer from occupational diseases, sustain injuries or disability from accident or even death during or in the course of employment.“In order to discharge this very noble mandate, the NSITF enabling Act provides that employers of labour should make financial contributions to the Fund of the NSITF.

“It becomes very worrisome when there are issues surrounding and emanating from the management of these funds entrusted to NSITF especially when seemingly done in transgression of extant rules, regulations and laws guiding due processes for the management of funds and general conduct/ethics in the public service.Khaleel promised that the committee will do its duty “justly and with the fear of God that nobody will be cheated.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ngige and July 10 uncommon courage - The Nation NigeriaThat stern picture of the late AIG Raphael Ige, commanding more than two hundred and fifty fully armedofficers and men of the Nigeria Police, laying...
Source: TheNationNews - 🏆 6. / 69 Read more »

End the looting of NSITFThe Minister of Labour and Productivity, Dr Chris Ngige, suspended the management of the Nigerian Social Insurance Trust Fund (NSITF) last week over what he termed as some ‘prima facie’ evidence of fraud at the institution. Read more:
Source: Daily Trust - 🏆 13. / 51 Read more »

BREAKING: FG set up panel to probe alleged fraud in NSITFThe Federal Government of Nigeria has inaugurated a presidential investigative panel to probe the alleged financial infractions in the Nigeria Social Insurance Trust Fund (NSITF). The Minister of L…
Source: Daily Trust - 🏆 13. / 51 Read more »

Kwara Assembly sets up probe panel on alleged LG fraudKwara state House of Assembly Wednesday set up ad-hoc committee to investigate finances of local government areas in the state.This followed..
Source: TheNationNews - 🏆 6. / 69 Read more »

Kwara Governor, AbdulRazaq Sets Up Independent Panel To Probe LG FundsKwara Governor, AbdulRazaq Sets Up Independent Panel To Probe LG Funds
Source: channelstv - 🏆 7. / 63 Read more »

N40bn Probe: Ag NDDC MD Walks Out On LawmakersMost Influential Newspaper in Nigeria
Source: LeadershipNGA - 🏆 4. / 77 Read more »