By By Micheal Chukwuebuka
THE Economic and Financial Crimes Commission (EFCC) and the Nigeria Social Insurance Trust Fund (NSITF) are joining forces to enhance transparency and accountability in the management of NSITF’s funds.
EFCC’s Executive Chairman, Mr. Ola Olukoyede, assured NSITF of increased collaboration, particularly in fund management, during a courtesy visit by NSITF’s Managing Director, Mr. Oluwaseun Faleye, to the EFCC’s headquarters in Abuja.
Olukoyede emphasized the importance of transparent and accountable fund management, stating that the EFCC will share its findings with NSITF to prevent future mistakes.
Faleye, in his remarks, introduced the Employer Compensation Scheme (ECS), a social security initiative that enhances employee welfare and protection.
He stressed the need for robust engagement between NSITF and EFCC to demonstrate transparency and accountability.
Faleye also solicited deeper collaboration between the two agencies, highlighting the need for intelligence sharing and EFCC’s support in NSITF’s capacity building. He appealed to the EFCC to adopt the ECS, citing its benefits for staff members.
In response, EFCC’s Director of Administration and Human Resources, Mr. Peter Gbarufu, confirmed that the Commission has complied with the ECS by registering and collaborating with NSITF staff.
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