“NSITF REFORMS SPARK BACKLASH: SABOTEURS ALLEGEDLY BEHIND ATTACKS ON MD”
GREATRIBUNETVNEWS–THE Nigeria Social Insurance Trust Fund (NSITF) attributes recent malicious attacks on its Managing Director, Oluwaseun Faleye, to saboteurs unhappy about ongoing reforms.
Key Issues:
– _”Experience shows that when loopholes are closed, those who previously benefited from them often react loudly. Unfortunately, this is how resistance to reform frequently manifests. Let it be clearly stated: this is corruption fighting back.”_ – NSITF Statement
– Allegations Denied : NSITF dismisses claims of financial impropriety, abuse of office, and diversion of funds as false and malicious.
– _”At no time has the Managing Director/Chief Executive Officer operated, controlled, or had access to NSITF funds outside the approved institutional banking structure of the Fund.”_
– Reforms Underway : Automation, debt recovery, and digitization efforts are driving change at NSITF.
– _”The existence of multiple accounts, many of which are dormant, marked ‘Post-No-Debit,’ or not operational, does not constitute evidence of wrongdoing.”
The NSITF maintains comprehensive documentation of approvals, mandates, and supporting records, all of which remain available for lawful review by authorised oversight bodies.
“On issues relating to vendor payments and commissions, the NSITF reiterates that all engagements under the current administration are undertaken in strict compliance with the Public Procurement Act and applicable regulations.Payments are tied to contractual obligations, services rendered, and statutory mandates. Any concerns are appropriately addressed through lawful audit and review processes, not through trial by media.”
The NSITF said it will not be distracted by sponsored mudslinging or sensational narratives designed to undermine public confidence.
It reiterated its mandate of paying claims faster, expanding the social protection safety net for Nigerian workers, strengthening governance, and delivering on the Renewed Hope Agenda of Mr President.
It added:”We assure the public unequivocally:
The NSITF is safe. The funds are secure.
Management remains fully committed to transparency, accountability, and the prudent management of the Employees’ Compensation Fund.
“The NSITF welcomes any lawful, independent, and properly constituted inquiry by relevant oversight authorities and will continue to cooperate fully with all statutory review processes.
“The NSITF assures Nigerian workers, employers, and the general public that the integrity of the Employees’ Compensation Scheme remains intact. Claims continue to be paid, statutory obligations are being met, and the Fund remains focused, without distraction, on protecting workers and strengthening social security in Nigeria.”
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