Ngige inaugurates new NSITF Board after two-year delay

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The Minister of Labour and Employment, Dr. Chris Ngige, has inaugurated the new National Social Insurance Trust Fund (NSITF) board after a two-year delay.

The new board is to be chaired by Austin Enejomo-Isire.

Ngige inaugurated the new board in Abuja, on Monday, saying that the two-year delay was as a result of massive looting in the organisation between 2012 and 2015.

According to him, between that period, the sum of N62.5 billion was contributed out of which N48 billion was unaccounted for and N25 billion was withdrawn without vouchers while past board members are currently being investigated by the Economic and Financial Crimes Commission (EFCC).

Ngige, however, charged the new board to resist the temptation of fixing special allowances for themselves urging them to execute their duties fairly and transparently urging them to focus on staff welfare, not personal enrichment.

The inauguration of the new board comes barely 24 hours after the Presidency said Ngige had the backing of President Muhammadu Buhari in all the actions he had taken concerning the NSITF.

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