NSITF Board: We will expose Ngige to international ridicule – NLC President - Vanguard News

•I haven’t been informed about Michael Imoudu institute’s appointment—Kokori—Despite opposition by Labour, the Minister of Labour and Employment, Dr. Chris Ngige, yesterday, amid tight security, inaugurated the Board of Nigeria Social Insurance Trust Fund, NSITF, with Austin Enajemo-Isire, as chairman.

Inaugurating the board, Ngige recalled the alleged fraud uncovered under the past NSITF management which had been investigated by the Economic and Financial Crimes Commission, EFCC. He said: “The route to this event of today has been long and tortuous due to conditions precedent that needed to be addressed and resolved to ensure a viable and progressive NSITF for today and the future.

The Minister commended the current management of the NSITF, led by its Managing Director, Adebayo Somefun, for improving the fortunes of the Fund and implementing its statutory mandate, but enjoined it to work in harmony with the new Board to continually improve staff welfare and other indices needed to make the Fund function optimally.

“At a time, the national dailies and social media were agog with the news of corruption and deep sleaze by some members of the previous Board in collusion with some top management staff of the Agency who aided and abetted the looting of both government and private sector funds of about N48 billion from the N62 billion contributions between 2012 – 2015 of the NSITF.

“At least, N5 billion cannot now varnish in a day without audit trial or voucher! The Legal Department was also strengthened for their functions. The remainder of the recommendation will be passed on to the Board and management for their immediate implementation. “As at today, the Fund is in arrears in her Audited accounts – the period is 2012 – 2018, a period of seven years. We need these Audited Accounts as soon as possible, to enable us send our Annual reports to Mr. President.

At the Federal Secretariat, the protesters blocked the private entrance of the minister into his ministry.Most of the union leaders, who spoke, passed a vote of no confidence on the minister, accusing him of deliberately delaying the inauguration of the NSITF board to achieve selfish objectives. “Kokori is eminently qualified to lead NSITF. The only thing he has not done is stealing money. Our money has been stolen by these people. Failure to consult labour before taking the decision in NSITF is in itself an illegality.

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