Northern Nigerian Breaking News

NSITF Board Tussle: Enejamo-Isire Is Chairman – Presidency


The Presidency says Mr Austin Enejamo-Isire is the authentic Chairman of the Board of Directors, Nigeria Social Insurance Trust Fund (NSITF), and will be inaugurated at Banquet Hall of the Presidential Villa, Abuja, on Monday.

The Organised Labour under the leadership of Ayuba Wabba had allegedly accused the Minister of Labour and Employment, Dr Chris Ngige of replacing the name of Comrade Frank Kokori with his kinsman Enejamo-Isire as chairman of board of the NSITF.

The picketing of the minister’s residence by the labour using two petroleum tankers to block the entrance and exit points of the house had resulted to violent clashes between people suspected to be the minister’s loyalists and the affected labour officials.

The labour, who vowed to ensure the inauguration of Kokori as NSITF chairman, had called for international labour actions against the minister over the incident.

However, a statement by Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, in Abuja on Sunday, expressed regret over the misunderstanding between the labour and the minister on the matter.

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The statement read in parts: “Following the disagreement between the Federal Ministry of Labour and Employment and the leadership of the Nigerian Labour Congress (NLC) over the appointment of the Chairman of the board of the Nigeria Social Insurance Trust Fund (NSITF), the Presidency wishes to clarify as follows:

“A. That the NSITF is a hundred percent, Federal Government of Nigeria owned insurance parastatal, under the supervision of the Federal Ministry of Labour and Employment, designed for the role of insuring workers (employees) in the public and private sectors.

“The organization is empowered by law to implement the Employee Compensation Act (ECA) 2010 with mandate to insure workers and pay them compensation for accidents, deaths and injuries in the course of work.

“The NSITF was bedevilled and riddled with corruption between 2012–2015, which resulted in a colossal loss and mismanagement of about N48 billion out of the total N62 billion contributions during the said period.

“These were contributions by the Employers – viz government and the private sector for payment of compensation to workers and even to Employers for loss of man-hours by their workers.

“This fraud has been investigated by the Economic and Financial Crimes Commission (EFCC) and the last Chairman and some members of the former board and some officials of the NSITF are presently being prosecuted by the EFCC.

“All actions taken by the Honourable Minister of Labour and Employment towards the resuscitation and repositioning of this ailing agency, including the Administrative Panel of Inquiry into the affairs of NSITF and the suspension of the inauguration of the board in 2018 were part of the special work plan approved for the Honourable Minister by Mr. President.

“The appointment of the Chairman of this board, which is in consonance with Sec. 4(a) of the NSITF Act CAP N88 of 2004 was also approved by Mr President since 23rd July, 2018 on the recommendation of the Hon. Minister.

“Mr Austin Enejamo-Isire, a Chartered Accountant, Fellow, Institute of Chartered Accountants of Nigeria (ICAN) and renowned Insurance expert, Senior Member, Chartered Institute of Insurance of Nigeria (CIIN), Chartered Institute of Bankers of Nigeria (CIBN) and Chartered Institute of Taxation of Nigeria (CITN) was approved by Mr President for this position.

“Also approved by Mr. President were the Managing Director and three Executive Directors who had assumed duties since 18 April 2017.”

The statement added that others also approved as Non-Executive Directors were two members to represent the Nigerian Labour Congress (NLC) and two members to represent the Nigerian Employers’ Consultative Association (NECA).


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