NECA faults suspension of NSITF top management

Dr Timothy Olawale

The top body for the organised private sector, Nigeria Employers Consultative Association, has faulted the suspension of the top management and executive committee of the Nigeria Social Insurance Trust Fund.

They were suspended by the Minister of Labour and Employment, Senator Chris Ngige.

In a statement made available to NOTM, the Director General of NECA, Dr Timothy Olawale, said the action was against the principles of rule of law and corporate governance.

He thus called for caution and respect for civil service procedures and the enabling Act governing the Fund.

He said, “The NSITF should not be run outside the laws that established it.

“It is our candid opinion that the purportedly suspended top management be allowed to continue their lawful duties.

“The observed infractions on the Financial Regulation and Procurement Act and every other act of gross misconduct in the Fund be referred to the duly constituted Board for attention and appropriate action pending the conclusion of the Audit by Bureau of Public Enterprises and the Office of the Auditor General of the Federation.”

NECA said it received with shock the news of the purported suspension on the basis of a prima facie infraction on the Financial Regulation and Procurement Act, apart from other gross misconduct actions.

It said its shock was premised on the fact that all known well-publicised disciplinary procedures approved by the President and released by the Secretary to the Government of the Federation, which was put in place to stem the arbitrary removal of Chief Executive Officers of government agencies.

Olawale said these procedures were to ensure stability in the system.

The NECA DG averred that “the Board of the Fund was duly constituted and inaugurated by the Minister of Labour and Employment in line with the enabling Act governing the NSITF and activities of the Board.

“As such, observed acts of misconduct in the Fund ought to have been brought to the knowledge of the Board for necessary actions as it unfolded.”






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