Home / News / NSITF awarded N4.448 billion contract in in the future

NSITF awarded N4.448 billion contract in in the future

By Tony Akowe, Abuja

Minister of Labour and Employment Senator Chris Ngige has accused suspended administration of the Nigeria Social Insurance coverage Belief Fund (NSITF) of awarding about 332 contracts price about N4.448 billion in in the future.

The incident, he stated, came about two days after he left workplace as Minister in 2019.

The Minister, who made a two- hour presentation earlier than the Home of Representatives advert hoc Committee investigating an arbitrary breach of Presidential breeches, alleged the suspended administration dedicated about 74 totally different infractions for which they have been suspended.

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He listed among the infractions to incorporate extra-budgetary spending, making cost for unapproved expenditure, overspending on administrative points, irregular direct cost from the Workers Compensation Act, irregularities in employees group assurance coverage and making cost for Assurance coverage with no coverage cowl.

He additional stated the administration paid about N180 million to solicitors employed with out the approval of the AGF to deal with a case of a former worker who was presupposed to be paid about N60 million.

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He stated that some funds by the fund have been with out the signature of the Managing Director.

READ ALSO: Suspended NSITF MD accuses Ngige of hijacking administration

He additionally alleged the administration authorized about N9.eight million as depart grant and abroad vacation for themselves and members of the family for 30 days, flying top quality even when he didn’t approve such journeys.

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“They earned humongous salaries and allowances and took housing loans for themselves with out coming to the Minister,” he additional alleged.

Ngige stated the administration break up contract price N4,889,320,06 to keep away from Ministerial Tenders Board and FEC Scrutiny, violated E-Fee and paid with out related help paperwork to the tune of N966,622,231.3.

The Minister stated the suspension of the administration had a presidential approval by way of letter REF:SGF/OP/1.S.3/T/163 dated 19 Might 2020.

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