Mr Austin Enejomo-Isire has emerged as the new Chairman of the Nigeria Social Insurance Trust Fund (NSITF) board.
His appointment was announced in Abuja, on Monday, at the inauguration of the new NSITF board by the minister of Labour and Employment, Chris Ngige.
Enejamo-Isire is being appointed to “replace” Chief Frank Kokori as the chair of the board of the NSITF.
Kokori has subsequently been appointed to chair the board of Michael Imoudu National Institute for Labour Studies.
Ngige while inaugurating the new board said that the delay in the inauguration is as a result of massive looting in the organisation between 2012 and 2015.
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According to the minister, between that period, the sum of N62.5 billion was contributed out of which N48 billion was unaccounted for and N25 billion was withdrawn without vouchers.
The past board members are currently being investigated by the Economic and Financial Crimes Commission (EFCC).
The minister, therefore, advised the new board to resist the temptation of fixing special allowances for themselves urging them to execute their duties fairly and transparently.
He also advised them to focus on staff welfare, not personal enrichment.