Tag: NSITF
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Reps ask EFCC to prosecute NSITF DGs, DFAs over failure to render audited account for 13 years
By Emman Ovuakporie Apparently peeved by the deliberate refusal of Nigeria Social Insurance Trust Fund, NSITF to render an audited account for 13 years on Monday directed the Economic and Financial Crimes Commission, EFCC to prosecute the agency’s Director General and its Directors of Finance and Administration. The Rep Wole Oke led Public Accounts Committee,…
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‘Missing N3.4bn’: We are ready for independent probe panel, not one set up by Ngige – Suspended NSITF Management
The suspended management of Nigeria Social Insurance Trust Fund (NSITF) has said it is ready to face an investigation, if it is conducted by an independent panel of enquiry, over alleged N3.4 billion financial infractions leveled against it. The embattled management rejected any probe panel set up by Labour and Employment Minister Chris Ngige. The…
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TUC plans nationwide protest over Buhari’s alleged inaction concerning corruption in EFCC, NDDC, NSITF
The Presidency has frowned at the reported plan by the Trade Union Congress (TUC) to embark on a nationwide protest over the alleged President Buhari’s “inaction over the high-level of corruption uncovered at some Federal Government’s commissions. The News Agency of Nigeria (NAN) reports that both the Executive and Legislative arms are currently investigating alleged…
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Ex-NSITF chairman allegedly paid contractors over N60b for jobs not executed
The management of the Nigeria Social Insurance Trust Fund (NSITF) has applied to a Federal High Court in Abuja to take possession of 46 properties, including houses and parcels of land in Bayelsa, Delta and Edo states as well as Abuja, seized from the agency’s ex-Chairman Ngozi Olejeme. It accused the former management board chairman…
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NSITF mismanaged N48bn, awarded N4.448bn contract in one day –Ngige
Minister for Labour and Employment, Senator Chris Ngige, has claimed the suspended management of the Nigeria Social Insurance Trust Fund (NSITF) awarded 332 contracts worth about N4.448 billion in one day, two days after his exit as a minister in 2019. Ngige, who stated this, yesterday, when he appeared before the House of Representatives adhoc…
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How suspended NSITF management grew fund to N6b from N326m
The total balance in the account of the Nigeria Social Insurance Trust Fund (NSITF) grew from N326 million as at May 2017 to N6 billion, according to the latest figure obtained in the Fund’s financial record, as at the 2nd of July 2020. The feat was achieved by a number of innovations made possible by…
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NSITF: Ngige reacts to reps accusation of inserting N2bn in budget, others
Minister of Labour and Employment Dr. Chris Ngige has threatened to sue the Chairman of the House of Representatives on Finance James Falake, for alleging that he inserted N2 billion projects in the Nigeria Social Insurance Trust Fund (NSITF) 2020 budget . He accused Falake of either being “mischievous or ignorant of the Bureau of…
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NSITF: Reps tear Ngige apart, say his suspension of Executive c’ttee is illegal
..alleged that his underhand dealings are numerous …how he bought SUVS for N305m …inserted N2bn in 2020 budget …his wife as staff of SGF appointed insurance broker who collects N100m annually …set up adhoc investigative panel to dig deeper BY EMMAN OVUAKOORIE The House of Representatives on Tuesday took a swipe at the Minister of…
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NSITF insists Ngige, NASS approved funds for training, rehabilitation of offices
The suspended management of the Nigerian Social Insurance Trust Fund (NSITF) has said all training, contracts and rehabilitation carried out by the NSITF received the approvals of the Minister of Labour and Employment, Senator Chris Ngige and the National Assembly (NASS). The suspended management of the NSITF, which stated this in Abuja on Saturday, also…
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BREAKING: Buhari suspends NSITF MD, four directors indefinitely
President Muhammadu Buhari on Thursday slammed an indefinite suspension on the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Adebayo Somefun. Also suspended by the president were four directors of the Trust Fund. The directors are: Executive Director, Finance and Investment, Mr. Jasper Ikedi Azuatalam; Executive Director, Operations, Mrs. Olukemi Nelson…