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“N30bn Missing From NSITF” – Chris Ngige

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The minister of Labour and Employment, Dr. Chris Ngige, in line with a presidential directive, yesterday inaugurated all the boards of parastatals under the Ministry of Labour except the board of the Nigeria Social Insurance Trust Fund (NSITF) due to the huge fraud discovered in the agency.

The boards inaugurated by the minister include those of the National Productivity Centre (NPC), National Directorate of Employment (NDE), and Michael Imoudu National institute for Labour Studies (MINILS).

LEADERSHIP Weekend recalls that the president had in October 2017 constituted the board of the NSITF with the former president of National Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, as the chairman.

However, giving reasons why the board was not inaugurated alongside others yesterday, Ngige said he had the consent of the president to stay action on inaugurating the NSITF board the pending the outcome of the administrative enquiry recently set up by the ministry to investigate the mindless looting of the agency.

The minister urged members of the other boards so inaugurated to be accountable in the discharge of their mandates to avoid a repeat of the rot in the NSITF.

Ngige said: “The operations of the various parastatals must strictly conform to financial regulations, especially Section 32 and the provisions of the Procurement Act. The audited accounts of the parastatals must always be prepared and submitted to the relevant authorities as and when due.

“The NSITF, for example, is reeling from massive looting with no audited account for five years. A whooping sum of N5billion was unearthed by an audit panel of enquiry as having been taken out of the NSITF coffers with First Bank in a single day without vouchers.

“Worse still, the organisation maintained no cash book as required by financial regulations. This resulted in massive looting of funds by board members acting in concert with the management staff.

“When we say N5 billion was taken in one day, that’s not the only amount missing. Over N30billion cannot be accounted for and the members of the past board participated actively in the looting.

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Former Presidential Spokesperson Doyin Okupe Passes Away at 72

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Dr. Doyin Okupe, a veteran politician, medical doctor, and former presidential spokesperson, has passed away at the age of 72. His death was confirmed on Friday, March 7, 2025.

Family sources revealed that Dr. Okupe had been battling a critical illness for several weeks before his demise. Reports indicate that he succumbed to cancer after a prolonged struggle with the disease.

Okupe was first diagnosed with prostate cancer 16 years ago and later battled sarcoma in his right shoulder. In October 2023, he was hospitalized due to complications from prostate cancer and was flown to Israel for treatment. Despite medical efforts, his health continued to decline.

In October 2024, he shared a testimony video where he spoke about overcoming cancer twice, attributing his recovery to his faith in the Bible and the power of Jesus Christ. He encouraged Christians to hold on to their faith in times of hardship.

Beyond his medical battles, Okupe was a key player in Nigerian politics. He served as a senior adviser to former President Goodluck Jonathan and played a pivotal role as the Director-General of Peter Obi’s 2023 Presidential Campaign. However, his political career was not without controversy. In December 2022, he resigned from Obi’s campaign after a money laundering conviction. Following the 2023 general elections, he also left the Labour Party and later became an outspoken supporter of President Bola Tinubu’s administration.

Dr. Okupe’s passing marks the end of an era in Nigerian politics. He will be remembered for his contributions to governance, his resilience in the face of health challenges, and his unwavering engagement in national political discourse.

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Senate Committee Recommends Six-Month Suspension for Senator Natasha Akpoti-Uduaghan

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The Nigerian Senate is considering a six-month suspension for Senator Natasha Akpoti-Uduaghan following recommendations from its Committee on Ethics, Privileges, and Code of Conduct.

According to the committee’s chairman, Senator Neda Imasuen, the Kogi Central lawmaker was found in violation of Senate rules, prompting the disciplinary action. If the recommendation is upheld, her suspension will take effect from March 6, 2025.

As part of the proposed sanctions, Senator Natasha’s office will be locked, and she will be barred from accessing the National Assembly premises for the duration of her suspension. Additionally, her salary and those of her legislative aides will be withheld. She will also be prohibited from representing Nigeria in any official capacity as a senator during the suspension period.

However, the committee suggested that she could submit a written apology for the Senate to reconsider her suspension.

This development follows Senator Natasha’s latest attempt to present a petition before the Senate, alleging sexual harassment by Senate President Godswill Akpabio. Unlike her previous attempt, this petition was signed by her constituents.

During Thursday’s plenary session, she was asked whether the matter was already before a court of law, to which she responded in the negative. Following standard procedure, the Senate directed her to formally submit the petition, which was then referred to the Ethics, Privileges, and Code of Conduct Committee for investigation. The committee has been given four weeks to conduct its probe and report back to the Senate.

This marks the second time Senator Natasha has raised allegations of harassment within the chamber, sparking concerns about the political implications of her possible suspension.

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Tax Reform Will Drive Nigeria Towards $1Trillion Economy – Senate

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The Nigerian Senate has emphasized that the proposed Tax Reform Bills will be instrumental in helping the country reach its $1 trillion economy target set by President Bola Ahmed Tinubu’s administration.

Senator Sani Musa, Chairman of the Senate Committee on Finance, made this announcement on Tuesday during a press briefing in Abuja. He mentioned that the committee is planning to hold a three-day retreat to review the memoranda submitted by stakeholders on the Bills.

Senator Abdul Ningi, Chairman of the Senate Committee on Sports, also acknowledged the growing national significance of the Tax Reform Bills. While initially opposed to the reforms, Ningi credited the involvement of state governors for enabling the public hearing process, which has allowed key stakeholders to share their perspectives and contribute to shaping the legislation.

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