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Nairaland Forum / Nairaland / General / Politics / Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others (18546 Views)
Buhari Appoints Michael Akabogu As NSITF MD / Nnamdi Kanu Reacts As Buhari Suspends RUGA / Buhari Suspends CJN Walter Onnoghen, Appoints Tanko Muhammed As Acting CJN (2) (3) (4)
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by leaculpa: 10:14pm On Jul 02, 2020 |
Okoroawusa: It is a pension fund, particularly for government workers. PENCOM is meant to oversee pension fund administrators (eg trustfund, NSITF, ARM etc) and then also monitor the pension fund custodians (banks dt hold the money contributions). But the government removed NSITF from this privatized setting cos it houses goverment pensions. Even the private funds have a lot of fraud going on.There is crazy money in the pension funds so the private administrators sometimes dip their hands into these funds indirectly. For a real life example, one of these private fund administrators decided to invest N1billion out of the fund ìnto a housing estate in Abuja. The fund built the estate and sold the houses. They shared 10 houses amongst themselves and sold the rest. The return on that investment for the fund was probably supposed to be 200% but ended up being 50%. Dts how they steal. 1 Like |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by frog12: 10:21pm On Jul 02, 2020 |
was the pencom scandal during that ibo woman's time? chinelo the woman chinelo buhari removed. she dey Afdb now. leaculpa: |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Bonjovi13: 10:31pm On Jul 02, 2020 |
frog12: Its not connected to Olojeme Its one thing to allege in public but another thing to prove fraud where it matters. In Nigeria it seems to try and indict people in the media is enough...Actual convictions by the courts is a mirage |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Okoroawusa: 10:33pm On Jul 02, 2020 |
Bonjovi13:Are you holding brief for the directors in NSITF? Are you saying that there is no corruption there? 2 Likes |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Okoroawusa: 10:35pm On Jul 02, 2020 |
Bonjovi13:Are you holding brief for the directors in NSITF? Are you saying that there is no corruption there? If it is independent why is FG intervening now? |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Bonjovi13: 10:37pm On Jul 02, 2020 |
Okoroawusa: I am not holding brief for anyone. I was responding to your assertion that the organisation is useless. As for corruption, go stand facing the mirror and personalise that question. The answer to your query will stare back at you. Independence meaning the Management seems like they are not puppets or stooges. That always gets you in trouble in Nigeria |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Okoroawusa: 10:40pm On Jul 02, 2020 |
frog12:Abeg help me ask o! |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Okoroawusa: 10:44pm On Jul 02, 2020 |
Bonjovi13:You see how you jump into matters. Where did I say that it's useless? I said its activities n functions need to be evaluated to see if there are no other agencies performing the same or similar functions. There is too much idle money lying around NSITF n it makes people steal with hope to return the monies before they're needed or asked for n most times they don't meet up. Modified: I just saw your last paragraph. We are basically saying the same thing. Its independence makes it an easy target for corrupt practices. |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Bluntemperor: 10:45pm On Jul 02, 2020 |
Are Nigerians surprised about what is happening even in PENCON?. Let the NSTIF list out the number of beneficiaries ever given fund to,it will surprised Nigerians that it is nothing to write home about since inception.Even Pencon has not deemed it fit to pay all arrears of Retirees since Oct after adjustments in upgrading their Pensions since October last year.Most of the Nigerian Parastatals- are just doing business as usual.They are corruption filled entities.Too bad! |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by frog12: 10:45pm On Jul 02, 2020 |
so no real crime. just witchhunt anyway they are fighting back. they say minister no get power to suspend them. Bonjovi13: 1 Like |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by sonofElElyon: 10:52pm On Jul 02, 2020 |
sho-meh-foon frog12: |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by kokoA(m): 10:57pm On Jul 02, 2020 |
Bonjovi13:Doesn't change the fact that it's being led by fantastically corrupt individuals. |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by frog12: 10:58pm On Jul 02, 2020 |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Hakintoyey(m): 11:17pm On Jul 02, 2020 |
[quote author=happyprojects17 post=91312259][/quote] Yes they have money. All companies in Nigeria must pay 1% of the salary of their staff to NSITF monthly. |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Str8talk21: 1:45am On Jul 03, 2020 |
Where's Maina of pension funds thief? we are not surprised, d religious bigot & nepotic Buhari is very quick in dropping d hammer on these persons because d head is an Afonja man. Had it been d head is a gorogo eating hausa-fulani Mallam, d president will act as if nothing. 1 Like |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Achuwa1(m): 3:27am On Jul 03, 2020 |
omenka:That will be suicidal for the Masses. Coz several buharis will lead to several recessions & decades of poverty. God forbid!! |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by lawalr: 4:11am On Jul 03, 2020 |
I'm confused here, Buhari, approved suspension and the minister did all appointment. I can sense foul play. I hope Aso rock makes clarifications on this. my observation though. Source: https://www.google.com/amp/s/www.vanguardngr.com/2020/07/breaking-buhari-suspends-nsitf-md-somefun-3-directors-8-others/amp/[/quote] 1 Like 1 Share |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Yankee101: 4:24am On Jul 03, 2020 |
Wholesale sacking should happen across the public sector like this before people would learn their lesson |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by sonofElElyon: 6:20am On Jul 03, 2020 |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Bonjovi13: 6:20am On Jul 03, 2020 |
Okoroawusa: The highlighted implies that NSITF is useless.So should be scrapped.Semantics. |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by magicfingers009: 7:03am On Jul 03, 2020 |
I know this man. He was my NYSC Coordinator. Happy he rose through the ranks. But this man loves women no be small |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Adgideon(m): 7:33am On Jul 03, 2020 |
At the end of the day aFulani man will b given the Post |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by Modikko(m): 8:01am On Jul 03, 2020 |
This your submission is valid. Leave them, they don’t know Bonjovi13: |
Re: Buhari suspends NSITF MD, Somefun, 3 Directors, 8 Others by SonyaSpence: 10:07am On Jul 03, 2020 |
OlujobaSamuel: Thank you, I am not in Lagos presently, but will surely find them when I come around |
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