Why NSITF must be urgently repositioned to social insurance | TheCable

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Opinion by topefasua: Why NSITF must be urgently repositioned to social insurance via thecableng

organisation is all about embezzlement and mismanagement. The latest bad news – after some calm – was that an official of the organization claimed that termites may have eaten up receipts and documents for several years as they were stored in some container outside their premises. The amount in contention was N17.85 billion.

So, I wrote back to NSITF that as much as they wish to inspect our books for compliance and propriety, I was also interested in getting explanations for some of the egregious waste of the monies we had been paying them in 16 years of our operations. I itemised some of the scandals in the newspapers about the fund as follows:Fraud: FG Uncovers N62.

And so, the other day I was discussing this with a friend, and he said to me that NSITF is meant to be our own DOLE in the UK. Everyone knows that in the UK, able-bodied men till tomorrow queue up in the labour department to collect cash for survival. That is called ‘queueing for the dole’.

 

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