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NSITF management needs urgent reform - Punch Newspapers


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Published 16 June 2021
THE appointment of a new managing director and the reconstitution of a management board for the Nigeria Social Insurance Trust Fund by the President, Major General Muhammadu Buhari (retd.), might not rescue the outfit from its quagmire. Apart from the new appointments, the President also directed that “the former Managing Director of the Fund, Bayo Somefun, and three other former Executive Directors with the NSITF, are to refund to the treasury of the Fund a total of N181 million being alleged illegal overpayments in salaries and allowances.” The Senate is investigating N61.1 billion allegedly diverted by the NSITF in 2018. ....

Ayuba Wabba , Ibrahim Magu , Hadiza Usman , Abubakar Malami , Muhammadu Buhari , Bayo Somefun , Rotimi Amaechi , Ngozi Olojeme , Chris Ngige , Frank Kokori , Yemi Osinbajo , Michael Akabogu , Audit Investigation Panel , Financial Crimes Commission , Nigeria Employer Consultative Association , Nigeria Social Insurance Trust Fund , Nigerian Ports Authority , Nigeria Labour Congress , Major General Muhammadu Buhari , Managing Director , Executive Directors , Employees Compensation Act , Federal Government , Employees Compensation Scheme , Ministries Departments , Worker Day ,

FinMin tells govt depts, ministries to cut expenses

The government has decided all ministries/departments should take steps to curb wasteful/avoidable expenditure and aim for a 20% reduction in controllable expenditure, finance ministry said ....

Indias Finance Ministry , Ministries Departments , அமைச்சுக்கள் துறைகள் ,