Business
NSITF Inaugurates Independent Investment Committee
The Board Chairman of the Nigeria Social Insurance Trust Fund (NSITF),Mrs Ngozi Olejeme has urged members of the Independent Investment Committee to work to stabilise the Employee Compensation Act (ECA).
Olejeme, who made the call on Tuesday in Abuja, said that the scheme was still new to people and that a lot needed to be done to ensure its stability.
She apologised for the delay in inaugurating the committee, which she said was as a result of scarcity of funds.
The Chairman stressed the importance of the assignment of the committee to the growth of the organisation and urged the committee members to avail themselves of the copy of the Employee Compensation Act in order to know what was expected of them.
“Your committee is to advise the board on the fund development and initiate investment drive programme for the organisation.
and you are also expected to build a cordial relationship with the board members and Directors in the organisation,’’ Olejeme said.
The Chairman of the Committee, Mr Olusegun Oshinowo, who spoke on behalf of other members, said the responsibility of the committee was enormous but gave the assurance that it would live up to expectation.
“We have been invited to add value to the work of the organisation and we promised not to disappoint you. “We are ready to support NSITF to play its important role as the provider of Social Security to all Nigerian citizens.
“ Safety is not about the amount you want to pay a worker but the amount you want to pay to provide a safe place where after retirement, a worker can go home with his hand, limbs and body intact,’’ Osinowo said.
The Tide reports that Oshinowo will serve as the Chairman of the Committee.
Other members are Ibrahim Sakaba, Garba Gusau, Babatunde Liadi, Lucy Offiong, Mary Iyasere and a representative from the National Pension Commission.
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