TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

NSITF mgt walloped N3.4bn – Ngige replies NECA

The Citizen by The Citizen
July 5 2020
in Financial Crimes
A A
0
ASUU: FG won’t pay striking lecturers, says Labour Minister

The Federal Ministry of Labour and Employment has dismissed claims by the Nigeria Employers’ Consultative Association (NECA) that the suspension of the management of the Nigeria Social Insurance Trust Fund (NSITF) violated the procedure approved by the President.

The ministry insisted that the removal of the NSITF management followed due process “as the Federal Government hundred per cent owned the parastatal.”

The Director-General of NECA, Timothy Olawale, had in a letter to the Minister of Labour and Employment, Dr Chris Ngige, on Friday, faulted the suspension of the NSITF management, saying it was arbitrary and did not follow the due process.

He said the investigations into the allegations against the NSITF leadership was not concluded yet, noting that Ngige did not secure presidential approval to sack the officials as he claimed.

But the Deputy Director, Press and Publicity, Ministry of Labour, Charles Akpan, in a statement in Abuja, on Saturday, argued that Ngige acted in line with the Constitution, the Public Service Rules and NSITF Act.

He explained that the NSITF Act empowered the minister to recommend fit and proper persons to the President for appointments for the posts of chairman, managing director and three executive directors to manage the day to day affairs of the agency.

He reaffirmed that the suspension of the management became imperative after a preliminary investigation on allegations of corruption against the NSITF top officials established prima facie case on infractions on the extant financial regulations and Procurement Act and other acts of gross misconduct.

The ministry said, “infractions uncovered include N3.4bn squandered on non-existent staff training split into about 196 different consultancy contracts in order to evade the Ministerial Tenders Board and Federal Executive Council approval.

“Non-existent unexecuted N2.3bn was documented and paid while N1.1bn is awaiting payment without any job done, all totalling N3.4bn.”

It continued, “Same goes for projects of construction of 14 zonal offices in 14 states running into billions of naira – a policy issue being done without board or ministerial knowledge not to talk of approval. This was done in 2019 by the MD and his three-man executive.”

The ministry noted that some of the projects were duplications and a waste of funds, “yet you (NECA) are in the board, supposedly supervising.”

The statement said NECA did not have the full facts or know that the Secretary to the Government of the Federation conveyed the presidential approval to the minister for full implementation.

The ministry also dismissed claims by NECA that the NSITF board was not aware of the breaches alleged by Ngige.

It added, “We hope NECA does not expect the minister to fold his hands like his predecessor who watched helplessly when the last board chair in cahoots with the two NECA representatives, MD and officials looted N48bn from the Fund and are being tried as of date by the EFCC.”

Previous Post

Gov. Ikpeazu tests negative for COVID-19

Next Post

Security operatives nab Kaduna cleric for allegedly raping minor for five years

Related Posts

Court dismisses El-Rufai’s suit against DSS, EFCC, ICPC, others
Financial Crimes

Court orders El-Rufai to enter defence in wiretapping trial

October 26 2026
Some ministers pay billions to get appointed, says APC campaign spokesman
Financial Crimes

Some ministers pay billions to get appointed, says APC campaign spokesman

October 23 2026
INTERPOL arrests two cybercrime suspects in Nigeria
Financial Crimes

INTERPOL arrests two cybercrime suspects in Nigeria

October 22 2026
Fraud: How I steal ATM users’ PINs, defraud them – Suspect
Financial Crimes

Fraud: How I steal ATM users’ PINs, defraud them – Suspect

October 21 2026
EFCC arraigns woman over N31m, $3,600, €1,815 visa fraud
Financial Crimes

EFCC arraigns woman over N31m, $3,600, €1,815 visa fraud

October 13 2026
FG mulls structures demolition for Lagos Coastal Highway service lanes, flood control
Financial Crimes

Court strikes out FG charges against fake PFIPC DG

October 13 2026
Next Post
Civil Defence recruitment is free – NSCDC

Security operatives nab Kaduna cleric for allegedly raping minor for five years

Ondo deputy governor dumps APC for PDP

Ondo: Akeredolu must hand over to me after 21 days — Deputy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Fasoranti: Family announces Dec 17 for funeral

Fasoranti: Family announces Dec 17 for funeral

by The Editor
October 23 2026
0

...

Ooni, Omisore mourn Afenifere leader Fasoranti

Ooni, Omisore mourn Afenifere leader Fasoranti

by The Editor
October 21 2026
0

...

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

APPOINTMENTS

Enugu APC releases updated campaign council list

by The Editor
October 31 2026
0

...

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

by The Editor
October 22 2026
0

...

CJN swears in 68 new SANs

CJN swears in 68 new SANs

by The Editor
October 12 2026
0

...

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

ODDITIES

US pastor marries second wife, says monogamy unbiblical

US pastor marries second wife, says monogamy unbiblical

by The Editor
October 26 2026
0

Indian man assaults truck drivers in Lagos

Indian man assaults truck drivers in Lagos

by The Editor
October 13 2026
0

US engineer caught on camera poisoning colleague’s water bottle

US engineer caught on camera poisoning colleague’s water bottle

by The Editor
October 12 2026
0

GLOBAL NEWS

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

by The Editor
October 27 2026
0

...

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

by The Editor
October 27 2026
0

...

Netanyahu orders army to prepare for full West Bank closure after attack

Netanyahu orders army to prepare for full West Bank closure after attack

by The Editor
October 23 2026
0

...

Coup: Russia warns ECOWAS, others against Niger intervention threats

Putin agrees to resume tri-lateral peace talks with Ukraine, US in November

by The Editor
October 22 2026
0

...

US orders diplomats, families to leave Saudi Arabia amid deadly attacks

US orders diplomats, families to leave Saudi Arabia amid deadly attacks

by The Editor
October 22 2026
0

...

State of the States

Delta SUBEB denies N13.4bn unspent funds claim

Delta SUBEB denies N13.4bn unspent funds claim

by The Editor
October 31 2026
0

...

Ogun State mulls relocation of communities over gas leak

Ogun State mulls relocation of communities over gas leak

by The Editor
October 23 2026
0

...

Gombe confirms cholera outbreak, treats 74 patients

Gombe confirms cholera outbreak, treats 74 patients

by The Editor
October 21 2026
0

...

Ogun pensioners demand gratuities, pension increases

Ogun pensioners demand gratuities, pension increases

by The Editor
October 9 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest

Enugu APC releases updated campaign council list

October 31 2026
2027: Kano NDC governorship candidate still missing from INEC updated list

2027: Kano NDC governorship candidate still missing from INEC updated list

October 31 2026
Delta SUBEB denies N13.4bn unspent funds claim

Delta SUBEB denies N13.4bn unspent funds claim

October 31 2026
Sowore demands sanctions as Ikogosi Marathon bars him from 2026 edition

Sowore demands sanctions as Ikogosi Marathon bars him from 2026 edition

October 31 2026

EDITORIAL REVIEW

Four states hold high-level talks to tackle insecurity

Boko Haram compounding Nigeria’s case – Punch

by The Editor
October 23 2026
0

Nigeria’s inflation rate falls to 15.43% in July

Economic stability must become shared prosperity – Punch

by The Editor
October 22 2026
0

Nigeria’s vote-buying scourge – Punch

Nigeria’s vote-buying scourge – Punch

by The Editor
October 21 2026
0

Perils of LG Electoral Commission – Punch

Yes, voters, not courts, must decide elections – Punch

by The Editor
October 20 2026
0

Tariff hike: Electricity workers lock out minister, issue 14-day ultimatum

Don’t involve civil servants in politics – Punch

by The Editor
October 16 2026
0

Opinion

Blackouts: Broken promises, powering failure – Punch

The revenge of Band A

by The Editor
October 27 2026
0

...

2027: Wike, APC governors clash over Rainbow Coalition

Why are governors getting worse?

by The Editor
October 13 2026
0

...

As we celebrate the girl-child, let us not forget the boy-child

As we celebrate the girl-child, let us not forget the boy-child

by The Editor
October 12 2026
0

...

Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

by The Editor
September 25 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.