Stella Dimoko Korkus.com: Minister Of Labour And Employment Ngige Accuses Suspended NSITF Management Of N48bn Misappropriation

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Wednesday, July 22, 2020

Minister Of Labour And Employment Ngige Accuses Suspended NSITF Management Of N48bn Misappropriation

The Minister of Labour and Employment, Sen. Chris Ngige, on Tuesday, alleged that the suspended management of the Nigeria Social Insurance Trust Fund (NSITF), misappropriated N48 billion.







Ngige made the allegation at an investigative hearing at the House of Representatives.

He was speaking on the alleged illegal suspension of the management of the agency. The minister claimed that the management withdrew the amount through fake contracts; proceeds of which were recycled into private pockets.

Further, Ngige alleged there were also irregular payments of salaries and allowances of N10 million; not in line with the condition of service of the organisation or any reference to the Office of the Minister. Also, he claimed that the suspended management went on leave abroad in first class with their spouses. In addition, they paid themselves N9.8 million each without approval by the Secretary to the Government of the Federation.

Additionally, Ngige accused them of engaging the services of legal practitioners at the sum of N180 million. This, he noted, was without the approval of the Attorney-General of the Federation.

He added that they also spent N146 million on vehicles, and on May 31, 2020; awarded 30 contracts worth N332 billion, split into smaller components of N49 million. He held that the splitting of the contracts was to enable the transactions fall within the threshold allowed by law for the management to award.


Ngige stated that the suspended NSITF management spent N570 million on health insurance outside the National Health Insurance Scheme. He added that since 2012; the NSITF had not submitted records of its audited accounts to the Office of the Auditor-General of the Federation; in line with the extant laws.


Also, the minister noted that the Economic and Financial Crimes Commission (EFCC) had since dragged the NSITF management to court for corruption. On the alleged illegal suspension of the NSITF management; Ngige said that their suspension was approved by President Muhammad Buhari, following his recommendation.

However, when asked to tender documentary evidence of the presidential approval, the minister only showed a letter to lawmakers. Nevertheless, he refused to tender it as evidence.

Ngige told the lawmakers that he would consult with the President before tendering the letter approving the suspension.
1stnews

18 comments:

  1. They have come again, corruption in every quarters in Nigeria. Meanwhile, the masses are suffering and feeling the harsh biteof the economy.

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  2. It is stealing galore in Nigeria!! Bravo! May the biggest thief win!

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  3. Nigeria politicians and corruption are like 5 and 6

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  4. Yes,my money is part of it,my salary was remitted for ten years while working as a secretary and I was told I would be due by 40 years,lo and behold when I stopped working I started going for documentation and by the time I used all my money for transportation and photocopies I just had to give up,there is really a misappropriation going on in NSITF and God will judge them and there unborn generations as I had really planned to retire well with that money😥

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    1. Yeah, you are right I served there and I heard complaints from my bosses then that there's always misappropriation going on there every time especially that there finance and accounting department they are worse. Useless set of people that are supposed to be paying corpers 25-30k as stipends they are paying 10k instead. And to think that they don't retain oo but instead they bring there family and friends to take positions. It is God that will punish all of them but I heard Ngige wanted Somefun out maybe that is what causing all these brouhaha. Greedy lots

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  5. The way they are mentioning Millions and Billions just make me speechless.

    Wicked people.

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  6. Oga Ngige... Hope your hands are stainless.

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  7. It true my husband works with nsitf. Salary dey didn't increase ,allowance dem no pay .

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  8. The kind of money this people are calling is really scary oooo,how can one be this heartless Lord🚶‍♀️🚶‍♀️and their kids will be living large and oppressing people on social media.
    It will not be well with you people ooo🙄

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  9. This is how heartless and selfish most nigerians are,they gather all for themselves.
    When will all these end?🤦🤦🤦

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  10. All these happening under the Anti-corruption government.. Devil must be suprised

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  11. And they keep borrowing for them to steal more, sometimes i just wonder why nigeria is borrowing money for

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  12. Same NSITF that Ngozi Olejeme allegedly looted from..Hmm...Na wah oh.

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  13. What do we expect,when they no that no body or group of body will ask for the records, they will be looting the money any how, but when they no that quarterly or so, they will give account to all the have done, they will seatup.

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