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NSITF Board Crisis: Buhari Backs Ngige On Inauguration of Board Today - The Revealer
Insurance

NSITF Board Crisis: Buhari Backs Ngige On Inauguration of Board Today

President Muhamadu Buhari

*Inauguration to hold in Aso Rock without Kokori

*condemns NLC attack on Minister’s home

President Muhammadu Buhari has affirmed that he gave the nod for Minister of Labour and Employment, Chris Ngige, to inaugurate the Board of the Nigeria Social Insurance Trust Fund (NSITF) on Monday morning with Mr. Austin Enejamo-Isire as chairman, instead of veteran labour activist, Comrade Frank Kokori.

Comrade Kokori, nominated chairman of the NSITF Board last year was dropped and that elicited strong disapproval from the Nigeria Labour Congress (NLC), which not only disrupted a previous inauguration ceremony but also picketed Ngige’s home last week, with consequent threat to do same to him and his family anywhere else seen in Nigeria.

Disturbed by the turn of events, as Ngige has threatened to drag the NLC to court over the invasion of his private home, the Presidency has waded in to clarify that the Minister’s refusal to inaugurate Kokori as chairman had the blessing of Buhari, even as efforts were on to reconcile the warring factions.

Presidential spokesman, Femi Adesina, in a statement on Sunday, disclosed that Ngige would go ahead to inaugurate Enejamo-Isireas chairman of the aboard at a ceremony to be held at the secure precincts of the Presidential Villa.

Adesina’s statement reads: “Following the disagreement between the Federal Ministry of Labour and Employment and the leadership of the Nigerian Labour Congress (NLC) over the appointment of the Chairman of the board of the Nigeria Social Insurance Trust Fund (NSITF), the Presidency wishes to clarify as follows:

“That the NSITF is a hundred percent, Federal Government of Nigeria owned insurance parastatal, under the supervision of the Federal Ministry of Labour and Employment, designed for the role of insuring workers (employees) in the public and private sectors.

“The organization is empowered by law to implement the Employee Compensation Act (ECA) 2010 with mandate to insure workers and pay them compensation for accidents, deaths and injuries in the course of work.

“The NSITF was bedevilled and riddled with corruption between 2012 – 2015, which resulted in a colossal loss and mismanagement of about N48 billion out of the total N62 billion contributions during the said period. These were contributions by the Employers – viz government and the private sector for payment of compensation to workers and even to Employers for loss of man-hours by their workers.

“This fraud has been investigated by the Economic and Financial Crimes Commission (EFCC) and the last Chairman and some members of the former board and some officials of the NSITF are presently being prosecuted by the EFCC.

“All actions taken by the Honourable Minister of Labour and Employment towards the resuscitation and repositioning of this ailing agency, including the Administrative Panel of Inquiry into the affairs of NSITF and the suspension of the inauguration of the board in 2018 were part of the special work plan approved for the Honourable Minister by Mr. President.

“The appointment of the Chairman of this board, which is in consonance with Sec. 4(a) of the NSITF Act CAP N88 of 2004 was also approved by Mr. President since 23rd July, 2018 on the recommendation of the Hon. Minister. Mr. Austin Enejamo-Isire, a Chartered Accountant, Fellow, Institute of Chartered Accountants of Nigeria (ICAN) and renowned Insurance expert, Senior Member, Chartered Institute of Insurance of Nigeria (CIIN), Chartered Institute of Bankers of Nigeria (CIBN) and Chartered Institute of Taxation of Nigeria (CITN) was approved by Mr. President for this position.

“Also approved by Mr. President were the Managing Director and three Executive Directors who had assumed duties since 18 April 2017. Others also approved as Non-Executive Directors are two (2) members to represent the Nigerian Labour Congress (NLC), two members to represent the Nigerian Employers’ Consultative Association (NECA) and one (1) member each to represent the Central Bank of Nigeria and the Federal Ministry of Labour and Employment.

“Members of this board are to be formally inaugurated at 9 a.m. on Monday, May 13, 2019 by the Hon. Minister of Labour and Employment at the Banquet Hall of the Presidential Villa, Aso Rock, Abuja.

“Comrade Frank Kokori, our respected veteran labour leader has Mr. President’s immense respect and has also been appointed on the recommendation of the Hon. Minister of Labour and Employment to chair the board of Michael Imoudu National Institute for Labour Studies (MINILS), a diploma awarding labour institution.

“Finally, the Presidency has noted with deep concern and regrets, the events that culminated in a skirmish at the private residence of the Hon. Minister of Labour and Employment, and condemns it, in its entirety.

“However, in the spirit of reconciliation, the Presidency appeals for calm from the NLC and the Ministry of Labour and Employment officials, as there are ongoing efforts to reconcile the NLC leadership with the Ministry of Labour and Employment, led by their Minister who has doggedly been fighting the cause of Nigerian workers whenever their issue is discussed by government, the latest being the enactment of the new National Minimum Wage Act 2019”, the statement added.

Source: The Authority

 

 

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

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