Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Labour hopes probe will return NSITF to proper shape

    Labour hopes probe will return NSITF to proper shape

    March 28, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Dr. Chris Ngige, Minister of Labour & Employment.

    28 March 2018, Sweetcrude, Abuja – Organised labour has expressed hope that the current Federal Government probe of the N62.3 billion mismanagement at the Nigeria Social Insurance Trust Fund, NSITF, will put the Fund in proper shape to deliver on its mandate.

    According to the United Labour Congress of Nigeria, ULC, the probe will go a long way in sanitising the industry and make it fulfill the aims and objectives of its existence.

    “The Fund which was set up to bring succour to the working class has been looted over the years that it has not been able to fulfill the reason for its establishment. The current probe is, therefore, a welcome one and we hope that after the probe, NSITF, will be put in proper shape to deliver on its mandate,” General Secretary of the union, Comrade Didi Adodo, said.

    The Federal Government had last month constituted an administrative panel of inquiry to investigate how N62.3 billion was mismanaged by the former management and board of the Nigeria Social Insurance Trust Fund.

    Minister of Labour and Employment, Dr. Chris Ngige, who inaugurated the panel, announced a compulsory 30 days leave in the first instance for officers of the Fund to enable the panel to carry out its assignment without hindrance.

    Those to proceed on compulsory leave are the General Manager, Legal, Adebayo A. Aderibigbe; Deputy General Manager, Finance, Henry Ekhasomi; General Manager, Social Security, Ishmael Agaka; Deputy General Manager, Internal Audit, Zwalda Ponkap; General Manager, Information, Catherine Ugbe and General Manager, Compensation, Dr. Kelly Nwagha.

    Related News

    Nigeria commits $50m to Wholesale Impact Investment Fund

    NNPCL cuts workforce by 197 employees in one year

    Schneider Electric South Africa certified as 2025 Top Employer

    E-book
    Resilience Exhibition

    Latest News

    Amakpe Refinery Chairman sues financial firm, denies $1.46m debt claim

    June 10, 2025

    Recovered funds boost student loans, credit access for civil servants – EFCC

    June 10, 2025

    Nigeria commits $50m to Wholesale Impact Investment Fund

    June 10, 2025

    OPEC head says oil demand will keep growing

    June 10, 2025

    ‘Shell’s decision on Phase 2 of LNG Canada will depend on other opportunities’

    June 10, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.