The minister of Labour and Employment, Dr. Chris Ngige, in line with a presidential directive, yesterday inaugurated all the boards of parastatals under the Ministry of Labour except the board of the Nigeria Social Insurance Trust Fund (NSITF) due to the huge fraud discovered in the agency.

The boards inaugurated by the minister include those of the National Productivity Centre (NPC), National Directorate of Employment (NDE), and Michael Imoudu National institute for Labour Studies (MINILS).

LEADERSHIP Weekend recalls that the president had in October 2017 constituted the board of the NSITF with the former president of National Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, as the chairman.

However, giving reasons why the board was not inaugurated alongside others yesterday, Ngige said he had the consent of the president to stay action on inaugurating the NSITF board the pending the outcome of the administrative enquiry recently set up by the ministry to investigate the mindless looting of the agency.

The minister urged members of the other boards so inaugurated to be accountable in the discharge of their mandates to avoid a repeat of the rot in the NSITF.

Ngige said: “The operations of the various parastatals must strictly conform to financial regulations, especially Section 32 and the provisions of the Procurement Act. The audited accounts of the parastatals must always be prepared and submitted to the relevant authorities as and when due.

“The NSITF, for example, is reeling from massive looting with no audited account for five years. A whooping sum of N5billion was unearthed by an audit panel of enquiry as having been taken out of the NSITF coffers with First Bank in a single day without vouchers.

“Worse still, the organisation maintained no cash book as required by financial regulations. This resulted in massive looting of funds by board members acting in concert with the management staff.

“When we say N5 billion was taken in one day, that’s not the only amount missing. Over N30billion cannot be accounted for and the members of the past board participated actively in the looting.

https://leadership.ng/2018/03/10/n30bn-missing-from-nsitf-fg-alleges/?_e_pi_=7%2CPAGE_ID10%2C9616062040

ALOOTA CONTINUA
With this action of the previous govt i strongly believe that the pdp should just hide their head in shame.

ManirBK:
ALOOTA CONTINUA
With this action of the previous govt i strongly believe that the pdp should just hide their head in shame.

As the election draws nearer
Get ready for more propaganda
For more than three years of this demonic party called the APC.. What we hear is past administration this.. Past administration that... Nothing else

Nothing to show for as their achievement in office
Except propaganda about corruption fight

The recent revelation by the transparency international that the nation is currently buried in corruption more than ever didn't come as a surprise to me .. Because an Apc politician is a 'saint' .. Funny indeed..

Insecurity everywhere as Nigerians are massacred in the homes on a daily basis by the marauding Fulani herdsmen while the president watches with gladness

The Boko Haram prisoners that the past administration caught have all regained their freedom today
They are all millionaires as they were also payed huge sums of money for ransom yet the kidnappings have extended to dapchi from chibok
Will Buhari still cough out the nations treasury to reward Boko Haram?

A nation where nothing works
Common sense has gone to the dogs
Tribalism is the order of the day
Religious intolerance is on the rise

APC is a curse

Arrest every management staff. Send Federal Auditor General there to recover the missing money

Propaganda.... we are tired of media trial..


Are they of the opinion that not a single audit for almost 4 years now?

The previous board cant be invited and questioned on records?

Nsitf payments are made via banks and verified through REMITA, how come no records?

Dont be deceived, They want to loot and play reverse psychology on Nigerians.

Imagine board members follow chop yet one fool whose parents thought they have a sane son will come with his cursed poverty complex and be defending them while clamming his entire purpose in life is to burst zombies...5 years unaudited financial accounts.. smh

this is the problem with this administration.


they will just call a fantastic figure that will catch the attention of gullible pmb dunderheads. when its time to defend the allegation in court, it becomes impossible.



the money stolen may be in the region of N3b-N6b which on its on is cause for concern, but APC will quadruple the amount just to further anger people against the previous administration.

This one no be snake and e no fit be monkey. But I suspect elephant. No no it can't be elephant and the way I see it, it cannot be cows. May na Camel carry the 30bn naira.

Useless government

this is definately Davido he should be querried

I am sure in no time the FG will also be reported missing!

and pmb continues the media campaign of propaganda!

Missee missee things everywhere for naija

E dey davido akant... Mad people

N30bn for the accanti ohhhh... This one's don listen to Davido "IF" song die

Where is Davido before he releases another song!! SARS go after him!

Which animal did that? The magnitude of corruption under this regime that claimed to be fighting corruption, IBB regimes would be a saint when we do comparative investigation.

Why did it take all this long to discover it? Because election is drawing nearer. APC Scammers.

Ok

Nigerian President to help Ghana fight corruption but 1000% of Nigerian government officials are currupt

https://www.youtube.com/watch?v=0d8ubUxDAmI

Look at the thief Chris Ngige accusing anybody of theft

Another snake: please this time, let know the specie so that hunting will be made easy



Useless government.
There was really a Nigeria

One day, the central Bank will be stolen.

The way they play with figures eh

I can wake and call any figure and people will believe the story.

Infact I think I trillion US Dollars was taken from CBN and its unaccounted for.

No be only una sabi call figure

ask this guy

anyone who tries to put d blame on my kind would receive a serious bite on his/ her anatomical behind......yeye people!!

yea i talk am, davido wie ar u o yawa don gas

Election gimmicks

lol

falcon01:
this is definately Davido he should be querried