The minister of Labor and Employment, Chris Ngige, has inaugurated the new National Social Insurance Trust Fund NSITF board after a two-year delay. While inaugurating the new board in Abuja today, Ngige said that the two-year delay in the inauguration is as a result of massive looting in the organization between 2012 and 2015.
According to the minister, the sum of sixty-two-point-five-billion-naira was contributed out of which forty-eight-billion-naira was unaccounted for and twenty-five-billion-naira was withdrawn without vouchers between that period.
Ngige, however, charged the new board to resist the temptation of fixing special allowances for themselves but should execute their duties fairly and transparently.
He also advised them to focus on staff welfare and not personal enrichment. The inauguration of the new board comes a day after the Presidency said Ngige, had the backing of President Muhammadu Buhari in all the actions he had taken concerning the NSITF.