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  • NSITF, NECA to employers: see workplace safety as business strategy

    NSITF, NECA to employers: see workplace safety as business strategy

    The Nigeria Social Insurance Trust Fund (NSITF) and the Nigerian Employers’ Consultative Association (NECA) have urged employers to regard workplace safety as a strategic business decision that safeguards human capital, reduces operational risks, and enhances organisational reputation.

    They stressed that a strong culture of occupational safety and health is no longer optional but a fundamental human rights issue.

    Speaking at the Lagos Stakeholders’ Interactive Enlightenment Forum and Awards Ceremony of the NSITF–NECA Safe Workplace Intervention Project (SWIP) 2025, held at NECA House in Lagos, the Managing Director/Chief Executive Officer of NSITF, Oluwaseun Faleye, said no job is worth a life and no organisation can sustainably thrive when safety is treated as an afterthought.

    Speaking on the theme of the programme, “Enhancing Workplace Safety, Strengthening Compliance, Celebrating Excellence,” Faleye said the theme captured the full scope of the engagement.

    “The theme captures the full spectrum of our engagement today. Compliance must be seen not as a regulatory obligation alone, but as a strategic business decision that safeguards human capital, reduces operational risk, and enhances organisational reputation,” he said.

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    He noted that SWIP has, over the years, evolved into a strategic platform for driving awareness, strengthening compliance, and fostering collaboration around occupational safety and health.

    According to him, the forum represents a critical interface between policy, practice, and performance, where employers, workers, regulators, and partners engage constructively on how to build safer and more productive workplaces.

    “Today’s gathering is not merely an information session; it is a shared commitment. It reflects our collective resolve to ensure that economic growth does not come at the expense of worker safety, and that productivity is anchored on environments that protect lives, dignity, and livelihoods,” Faleye said.

    Speaking on the awards, he said they were meant to recognise organisations that have demonstrated a strong commitment to occupational safety and health.

    “These awards are not just acknowledgements; they are benchmarks. They signal that compliance is achievable, that safety delivers value, and that excellence in worker protection deserves recognition,” he said.

    Addressing employers yet to fully align with the Employees’ Compensation Scheme, Faleye said the forum offered an opportunity to engage, ask questions, and build partnerships.

    Also speaking, the Director-General of NECA, Mr. Adewale-Smatt Oyerinde, said safety in the workplace should be treated as a fundamental issue and a core responsibility of employers.

    He said that while employers pursue maximum or optimum profit, the safety of workers must also be a priority.

    Oyerinde described workplace safety as a life-and-death matter that is still treated with dangerous nonchalance by both employers and employees, despite its far-reaching consequences.

    On the awards, he expressed confidence that the initiative would not only reward excellence but also help reset the national conversation on workplace safety.

    The Minister of Labour and Employment, Alhaji Maigari Dingyadi, said the Safe Workplace Intervention Project is a collaborative occupational health and safety initiative designed to enhance workplace safety across Nigeria through structured audits, engagement, and recognition.

    He stressed that occupational health and safety are everyone’s responsibility, adding that the ministry cannot achieve it alone.

    The minister commended NECA and NSITF for sustaining SWIP, describing it as a model of effective collaboration between government and the private sector.

    Following the Lagos event, the programme will move to Enugu, with a grand finale scheduled to hold in Abuja on January 27.

  • NECA, NSITF team up for safer workplaces

    NECA, NSITF team up for safer workplaces

    The Nigerian Employers’ Consultative Association and the Nigeria Social Insurance Trust Fund have intensified efforts to improve workplace safety standards across the country.

    The two organisations noted that negligence, poor awareness, and a weak safety culture would continue to expose Nigerian workers to preventable injuries and deaths at the workplace.

    The heads of both organisations made these points on Friday in Abuja at a press conference ahead of the NSITF-NECA Safe Workplace Intervention Project 2025 interactive enlightenment forums and award ceremonies stated for January.

    Speaking at the event, NECA Director-General Adewale-Smatt Oyerinde said that workplace safety is a life-and-death issue often treated with dangerous nonchalance by both employers and employees.

    Oyerinde noted that occupational safety and health has recently been elevated by the International Labour Organisation to a core convention binding on all member states.

    The NECA boss said: “Health and safety is no longer optional. It is now a human rights issue. Labour is not a commodity; there are human beings behind every job.

    “The disposition of the private sector towards health and safety is changing. Our commitment, alongside NSITF, led to the commencement of the Safe Workplace Intervention Project many years ago.”

    Oyerinde stressed that workplace accidents are often irreversible, even when victims survive, and highlighted emerging challenges such as remote work, artificial intelligence, and home-based accidents that require a rethinking of what constitutes a workplace.

    He added: “We often carry the same mindset from home to the office. Carelessness in the workplace can have lasting consequences.

    “From employers who see safety investment as a cost to employees who ask, ‘Why must I wear PPE?’—this is a serious issue. When an accident happens, recovery may be partial, but the scars remain. Safety is not just compliance; it is a life issue.”

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    According to Oyerinde, the biggest compliance gaps are knowledge, awareness, and basic infrastructure, noting that many hazards are ignored because they appear harmless.

    “Even something as simple as a chair can be hazardous over time. Awareness is key,” he said.

    He emphasised that while NECA members are held to higher standards, recklessness persists in companies that avoid regulation.

    He also warned that employees who remain silent in unsafe environments are complicit.

    “Safety is a personal responsibility. Unsafe practices must be named and addressed,” he stated.

    The audit process, Oyerinde explained, was evidence-based and evaluated policies, behaviour, leadership, emergency preparedness, and implementation.

    According to him, compliance levels were average for a developing country.

    “Some organisations have policies without implementation; others have plans but no emergency response. This year, 200 companies across the six zones were audited. Organisations performing exceptionally will be rewarded, including with safety-related incentives such as ambulances,” he added.

    Also speaking, Managing Director/CEO of NSITF, Oluwaseun Faleye described SWIP as a key tool for driving private-sector compliance with workplace safety and employee compensation laws.

    “The Employees’ Compensation Act is robust, but the law alone is not enough without stakeholder engagement. Collaboration with NECA has been very effective,” Faleye said.

    He added that the 2025 SWIP activities, delayed into early 2026 due to operational exigencies, would officially kick off in Lagos on January 20, followed by Enugu, and a grand finale in Abuja on January 27.

    Faleye stressed that recognition and awards encourage compliance and that media engagement is critical for deepening awareness of the Employee Compensation Scheme.

    The Permanent Secretary, Federal Ministry of Labour and Employment, Salihu Usman, commended NECA and NSITF for sustaining SWIP, describing it as a model of effective collaboration.

    He noted that the ministry’s Occupational Safety and Health Department actively participated as a technical partner to ensure alignment with national standards and global best practices.

  • NSITF moves up to 71.3 in ICPC’s integrity ethics, compliance test

    NSITF moves up to 71.3 in ICPC’s integrity ethics, compliance test

    The Nigeria Social Insurance Trust Fund, (NSITF) has recorded improvements in the Independent Corrupt Practices and Other Related Offences Commission’s (ICPC) Ethics and Integrity Compliance Scorecard, (EICS) for 2025 and the Anti-Corruption and Transparency Unit (ACTU) Effectiveness Index for the same year. 

    A statement signed by the chairman of NSITF’s Anti-Corruption and Transparency Unit, (NSITF-ACTU), Mrs Josephine Oamenmade showed that NSITF moved from 59.0 in 2024 to 71.3 in 2025. 

    The agency also leapfrogged 144 ministries, departments and agencies (MDAs) of government as it moved 42nd position up from 186th it occupied in 2024 on the EICS national ranking out of the 357 MDAs assessed by the anti-graft agency.

    The statement reads, “We are proud to announce our exceptional performance in the 2025 ICPC Ethics and Integrity Compliance Scorecard. We have moved from 186th to 42nd position nationwide out of 357 MDAs.”

    According to the the statement, the NSITF – ACTU moved up to 47th position from the 76th in the preceding year on the ACTU Effectiveness Index, (AEI) while its score rose to 64.0.

    The EICS is an assessment tool used by the ICPC to measure how MDAs adhere to ethical standards and anti-corruption regulations yearly.

    The statement attributed the remarkable success to the outstanding leadership qualities of the Managing Director and Chief Executive of NSITF, Olúwaṣeun Faleye, and his management team.

    “Kudos to the MD/CE, management, and every staff member for upholding the high standards of accountability that made this possible,” the statement read.

    The agency encouraged all staff to continue upholding ethical and integrity standards.

  • FG, NSITF backs sweeping social security reforms

    FG, NSITF backs sweeping social security reforms

    …seeks clearer governance structure in new Bill

    …As NLC, NECA, CSOs demand wider consultations

    The federal government and the Nigeria Social Insurance Trust Fund (NSITF) have endorsed the proposed Nigeria Social Security Trust Fund Bill, 2025, describing it as one of the most ambitious and transformative reforms of the country’s social protection framework in decades.

    However, while backing the bill, the NSITF and other critical stakeholders, including organised labour, employer groups, and civil society organisations, warned that without clearer governance structures, stronger accountability safeguards, and stricter compliance enforcement, the reform could end up replicating the decades-long weaknesses that have undermined the nation’s social security regime.

    Presenting the NSITF’s position at a public hearing organised by the Senate Committee on Labour and Employment in Abuja, the agency’s Managing Director, Mr. Oluwaseun Faleye, applauded the initiative as a “strategic and forward-looking intervention” that aligns with global standards, including the ILO Social Security Convention 102 and the Tripartite Consultation Convention 144.

    He noted that consolidating and repealing the NSITF Act, 1993, and the Employees’ Compensation Act, 2010, was long overdue, especially following the Pension Reform Act 2014, which removed contributory pension management from the Fund.

    “This consolidation eliminates duplication, resolves conflicts, and strengthens the legal foundation of the Fund,” Faleye said.

    Faleye listed key innovations in the bill, such as electronic claims processing, protection of children of deceased workers through trust arrangements, cultural recognition of multiple dependants, and inclusion of traditional medical practitioners in injury management.

    He also hailed the provisions that empower the governing board to periodically review occupational disease schedules, penalise employers who fail to report workplace accidents, and enforce higher safety standards.

    Read Also: NSITF disburses N1.1b compensation on workplace accidents

    He, however, cautioned that the bill contains “a significant conceptual gap” by conflating the roles of the governing board and management, warning that this could blur oversight, weaken accountability, and sabotage operational efficiency.

    “The Bill must clearly distinguish the Governing Board as the oversight body, Management as administrators, and the Agency as the implementing structure,” he argued, recommending governance reforms similar to the Federal Inland Revenue Service model.

    Faleye affirmed NSITF’s commitment to working with lawmakers, pledging technical assistance to ensure the legislation is strengthened before passage.

    Minister of Labour and Employment, Muhammadu Maigari Dingyadi, commended the collaborative process and described the bill as a major step toward a transparent, inclusive, and globally aligned social security regime for Nigerian workers.

    He emphasised full inclusion of the informal sector, transparency in administration, and employer compliance as vital to building a sustainable system.

    Meanwhile, the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, adopted a more cautious tone.

    While acknowledging the urgency of reform, he insisted that compliance with existing social security laws remains abysmally low, especially among private-sector employers.

    “Of what use are laws that are not complied with?” he asked, urging improved enforcement rather than continuous restructuring.

    Ajaero rejected attempts to limit labour representation within the tripartite system, warning against provisions that confer “exclusive and unchecked powers” on the agency.

    He demanded the creation of an independent investment committee with representation from labour and employers to safeguard workers’ funds.

    He also insisted that while the Minister of Labour should receive reports, the Fund must remain independent and not be reduced to a parastatal structure under full ministerial control.

    The Nigeria Employers Consultative Association (NECA), represented by Mr. Thompson Akpabio, criticised sections of the bill that could impose excessive financial burdens on employers, collapse corporate governance lines, and create legal contradictions.

    Chairman of the Senate Committee on Labour, Senator Diket Plang, assured stakeholders that their concerns would be reflected in the final draft.

    “Even those who support the bill have pointed out areas needing review. These inputs will guide our work,” he said.

    The hearing attracted labour unions, employer bodies, CSOs, ministries, and policy experts.

  • Private employers, businesses worry over proposed amendments to NSITF Act

    Private employers, businesses worry over proposed amendments to NSITF Act

    The Organised Private Sector of Nigeria (OPSN) has expressed concern over the proposed amendment to the Nigeria Social Insurance Trust Fund (NSITF) Act championed by the Senate Committee on Labour and Employment, chaired by Senator Diket Plang.

    The OPSN comprises the Manufacturers Association of Nigeria (MAN), the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), and the Nigeria Employers’ Consultative Association (NECA).

    Others are the Nigeria Association of Small and Medium Enterprises (NASME), the Nigeria Association of Small Scale Industrialists (NASSI) and other 25 Employers Federations.

    Five Directors-General of the OPSN, in a letter addressed to the Senate President, strongly objected to the proposed changes, which have already passed second reading in the Senate.

     “These amendments threaten to fundamentally weaken the NSITF governance structure, erode accountability and transparency, and expose the Fund to undue political interference, the OPSN pointed out.

    The OPSN reminded the Senate President that the NSITF was founded on a tripartite structure, representing Government, Employers, and Labour, in strict alignment with International Labour Organisation (ILO) Convention 102 on Social Security (Minimum Standards), Convention 144 on Tripartite Consultation, and Convention 87 on Freedom of Association and Protection of the Right to Organise.

     “These Conventions, which Nigeria has ratified, require that social security institutions be managed with the full and effective participation of social partners, ensuring that the interests of both contributors and beneficiaries are protected from political or unilateral government control,” OPSN stated.

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    It explained that the proposed amendment seeks to reduce the representation and influence of employers and workers, who are the main contributors and beneficiaries of the Fund, while increasing government control through political appointments.

     “This approach, OPSN insisted, “is not only contrary to the spirit and letter of the ILO Conventions but also undermines the principles of good governance, transparency, and accountability that are essential for the effective management of social security funds.

     “The ILO’s Recommendation 202 on Social Protection Floors further underscores the need for participatory, transparent, and accountable governance in social protection systems, warning against the dangers of politicisation and lack of stakeholder involvement.”

    According to OSPN, the Management Board of the NSITF, as currently constituted, serves as the Trustee and conscience of the Fund. It provides critical checks and balances to ensure that contributors’ resources are managed prudently, transparently, and in the best interests of Nigerian workers.

    It, therefore, said weakening or replacing this Board with a politically dominated structure would erode the Fund’s autonomy, open the door to mismanagement, and ultimately jeopardise the benefits and security of millions of Nigerian workers and their families.

    OPSN pointed out that international experience has repeatedly shown that when social security funds are politicised or removed from the oversight of social partners, the result is often inefficiency, loss of public trust, and the erosion of social protection for workers.

     “It is important to clarify that no two Agencies are managing the NSITF.  In fact, the NSITF is the sole statutory agency responsible for implementing the Employees’ Compensation Act (ECA).

     “Any attempt to create parallel structures or to repeal or alter this arrangement under the guise of reform would not only remove existing safeguards but also contravene international standards and expose the Fund to unnecessary risks, including the potential for confusion and mismanagement,” OSPN said.

    The OPSN reiterated that it will not accept any amendment that weakens the Fund’s governance framework or diminishes the participation of organised labour and employers in its management as the primary contributors to the Fund.

    The group said its members are prepared to employ all legitimate and legal means, including recourse to international labour standards and the ILO’s supervisory mechanisms, to protect the NSITF from any actions that threaten its effectiveness, sustainability, and compliance with global best practices.

     “We are deeply concerned that, while the Senate prioritises an unnecessary and potentially damaging amendment to the NSITF Act, which has no operational defects, the long-overdue Nigeria Labour Law remains stalled.

     “This Bill is critical for the future of work in Nigeria. It is designed to address urgent gaps in the nation’s labour and employment laws, improve dispute resolution, enhance workplace safety, promote social dialogue, and clarify the rights and responsibilities of all parties.

     “Passing the Labour Law Bill is essential for aligning Nigeria’s labour laws with international standards, promoting decent work, and supporting sustainable economic growth. Its continued delay undermines efforts to modernise the country’s industrial relations framework and protect employers and employees”, OSPN added.

    The OPSN said it is regrettable that, despite the completion of technical work and a broad consensus among stakeholders, the Nigeria Labour Law Bill has not been passed. Instead, legislative attention is being diverted to an amendment that risks undermining a key national social protection institution and violating Nigeria’s international obligations.

    The OPSN urged the Senate to redirect its efforts towards the urgent passage of the Nigeria Labour Law, which will have far-reaching positive impacts on industrial harmony, investment, and the welfare of Nigerian workers.

    The group, therefore,  called on President Bola Ahmed Tinubu and the Senate President, Senator (Dr.) Godswill Akpabio, to intervene and stop the charade by the Senate Committee on Labour and Employment, while directing them to focus on completing and passing the Nigeria Labour Law, a far more pressing and productive legislative priority.

    OPSN said the NSITF, as a cornerstone of Nigeria’s social protection system, must not be politicised or weakened. Its governance must remain firmly rooted in tripartism, transparency, and accountability as enshrined in ILO Conventions and international best practices.

    OPSN added that it remains committed to working with all stakeholders, including government and organised labour, to strengthen, not weaken, the institutions that safeguard the welfare and security of Nigerian workers.

    It insisted that the future of Nigeria’s social protection and industrial peace depends on upholding these principles and resisting any attempt to compromise the integrity of the NSITF.

  • AI in work place: NSITF seeks overhaul of social protection system

    AI in work place: NSITF seeks overhaul of social protection system

    Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund, (NSITF), Mr Olúwaseun Mayomi Faleye has advocated a rejig of social protection for Nigerian workers in the face of AI-induced disruption in workplace to accommodate new risks.

    Faleye made the call in his presentation titled, ‘Social Security and Protection for Nigerian Workers Amid AI Disruption’ at the 2025 Labour Writers Association of Nigeria  Workshop in Ibadan.

     The Managing Director said due to technological innovations such as AI, work-related risks are expanding.

    “They are no longer only injuries sustained in factory floors, they now include technological displacement, income instability, and psychological stress caused by rapid workplace changes.

     “Social Protection must evolve. We must rethink coverage, redefine risk, and reimagine support. In the era of AI, social security must not only compensate, it must empower.” He therefore called for intentional policies and sustained investment in social security.

    Speaking on the theme, “Future of Work in the Era of Artificial Intelligence: A Wake-Up Call for Stakeholders,” Faleye warned that Nigeria must act swiftly to ensure its workforce is not left behind as AI reshapes global industries and economies.

    “The future of work is already here, and the choices we make today will define the dignity of labour for generations to come,” Faleye said. “AI is not the enemy of labour; ignorance is. The real danger lies in not preparing, not adapting, and not protecting.”

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    He said Artificial Intelligence has evolved from being a tech buzzword to a daily reality influencing operations in offices, factories, banks, and newsrooms — raising urgent questions about job security and human dignity.

     Acknowledging the innovation and efficiency that AI represents in the workplace, Faleye was nonetheless, worried about the attendant displacement of workers.

    He said AI promised efficiency and productivity, but it also threatens traditional jobs from factory floors to administrative offices.

    The NSITF boss posited that the question should be protection of displaced workers.

     Faleye identified Nigeria’s peculiar challenges to full social protection as low coverage excercebated by a large informal sector constituting over 80 per cent of the economic sector yet outside of the safety net and limited awareness of the benefits and rights concerning the Employees’ Compensation Scheme operated by the NSITF.

    However, Faleye was of the opinion that AI itself could play positive role in achieving global social protection coverage in Nigeria. “AI itself offers tools to make social protection more efficient. From digital identity systems that verify workers, to predictive analytics that help detect fraud or anticipate workplace risks before they happen.” He explained.

    He highlighted priority areas in achieving desired results as expansion of social security and protection, investing in digital literacy and reskilling for workers, leveraging AI for social security delivery,  collaboration among government, labour, and employers for sustained dialogue, and making the Nigerian workers’ welfare the centre of all innovation.

    Faleye urged journalists to help disseminate information on the issue.

    He allays fear saying, with the right policy changes, preparations, adaptation, and adequate protection, the future would be bright and no Nigerian workers would be left behind.

  • NSITF pays ₦86m compensation to Seplat family, begins monthly support

    NSITF pays ₦86m compensation to Seplat family, begins monthly support

    The Nigeria Social Insurance Trust Fund (NSITF) on Friday presented a lump-sum Employees’ Compensation Scheme (ECS) cheque of ₦86,028, 283.30 to Seplat Energy Producing Nigeria Unlimited (formerly Mobil Producing Nigeria Unlimited) at Seplat House, in Lagos.

    The payment will be followed by ₦1,107,667.30 every month for the deceased employee’s spouse until the couple’s only child reaches the age of 21, in line with Section 29 of the Employees’ Compensation Act.

    “Our reforms are cutting processing times and ensuring that bereaved families receive what the law guarantees without delay,” said Barr. Oluwaseun Faleye, Managing Director, NSITF. “Today’s payment underlines our mandate to provide real, timely protection for Nigerian workers in high-risk sectors such as oil and gas.”

    Read Also: NSITF pays N31m medical bills of Nestle staff

    Oladotun Isiaka, Managing Director, Seplat Energy, welcomed the Fund’s swift action: “It is reassuring to see a government institution live out its statutory mandate. We contribute about ₦1.7 billion to the Fund each year with the expectation that, should the unexpected occur, families will be compensated quickly. NSITF has met that expectation today.”

    The ₦86 million payout is the largest compensation package issued in Lagos so far this year, surpassing the ₦15.5 million paid to the family of a Medplus employee in June.

    NSITF says it settled 22,350 claims in 2024, crediting its ongoing process overhaul, part of the Tinubu administration’s Renewed Hope Agenda, with reducing turnaround times and expanding coverage.

    The Fund also continues a nationwide ECS compliance campaign across industries including manufacturing, construction, maritime, and healthcare.

    Barr. Faleye called on all employers, especially in high-risk sectors, to comply with ESC guidelines. “Compliance is not a cost,” he said. “It is an investment in workforce welfare and corporate reputation.”

  • NSITF pays N31m medical bills of Nestle staff

    NSITF pays N31m medical bills of Nestle staff

    The Nigeria Social Insurance Trust Fund (NSITF) has refunded N31 million to a staff member of Nestle Plc for medical bills.

    Managing Director of NSITF, Oluwaseun Faleye, presented the cheque to the worker at Nestle headquarters in Lagos.

    Faleye was accompanied by the President and General Secretary of the National Union of Banks, Insurance and Financial Institution Employees (NUBIFE), Comrades Anthony Akpaba and Mohammed Sheikh, the representative of the Nigeria Employers’ Consultative Association (NECA), Mrs. Ajala, and the Executive Director, Operations of NSITF, Mrs. Mojisoluwa Ali-Macauley.

    According to a statement by the Deputy General Manager and Head Corporate Affairs Department, NSITF Alexandra Mede, Faleye insisted that the continuous and prompt payment of claims to beneficiaries of the Employees’ Compensation Scheme was a demonstration of NSITF’s commitment to improved workers’ welfare in the country.

    Faleye commended the company’s commitment to workers’ welfare and recounted that the benefiting staff was involved in an auto accident along with other colleagues who had all been compensated by the NSITF.

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     He stated that because of the seriousness of the injury sustained by the staff, a review became imperative hence the latest payment.

    The NSITF MD revealed that the family of one of the workers, who died in the road mishap, had been paid the initial compensation and have started to receive monthly compensation.

    He used the event to draw parallels between other insurance policies and the Employees Compensation Scheme of the NSITF, saying the scheme is mandatory by the Employees Compensation Act 2010.

    He said besides compensation for work related deaths, diseases, disabilities and injuries, the NSITF provided support and rehabilitation to enrollees of the ECS.

    In the same vein, the widow of a deceased staff member of MEDPLUS was, last week, presented with a cheque of N1,192,145:25 by the Managing Director at the company’s head office in Lagos.

    The amount represents the first monthly support after an initial lump sum of N15 million.

    The MD NSITF explained that the monthly installments would continue until the last child of the deceased turned 21 years.

    The NSITF team had earlier visited the head office of Mobil Producing (Seplat Energy) where it presented a cheque of N1,107,660:30 monthly compensation to the family of a staff of the company who died in the course of duty.

    “These payments will also continue until the youngest of four children attains the age of 21, or graduates from the university,” the statement added. 

  • NSITF presents N23m cheques to two beneficiaries of ECS

    NSITF presents N23m cheques to two beneficiaries of ECS

    The Nigeria Social Insurance Trust Fund (NSITF) has compensated two beneficiaries of the Employee Compensation Scheme with N23 million.

    According to a statement by the Deputy General Manager and Head Corporate Affairs Department, NSITF Alexandra Mede, the Managing Director of NSITF, Olúwaṣeun Faleye, presented the cheques to the two beneficiaries in Lagos on Monday.

    The widow of a deceased employee of MEDPLUS who died in a boat mishap while commuting from home to work, received a death compensation of N15,494,888 million and 25 Kobo.

    While a cheque of N7,801,045 million was presented to a beneficiary who is  a staff of Alexander Marius Investment as medical expense refund.

    Presenting the cheque to the widow, Faleye commiserated with her and the family of the deceased for the loss of their loved one.

    He acknowledged that no amount of money can bring back the dead or fill the void created by death, and assured the bereaved of continued support from NSITF.

    Read Also: NSITF to disburse N172m compensation to employees

    He said, “The compensation is in fulfilment of our mandate under the Employee Compensation Act, which is to provide open, transparent and adequate compensation for all employees or their dependants when accidents, deaths, or injuries occur in the course of work.”

    Barrister Faleye said further that the mandate of the NSITF was to “ensure that no one who is registered under the Employee Compensation Scheme is left behind when there’s a crisis or injury.”

    Head of Human Resource of MEDPLUS, Onojobi Tolulope, who represented the company’s Managing Director thanked NSITF for coming to the rescue of the dependants of the deceased colleague and promised to galvanise fellow Human Resource practitioners in other companies to enroll their workers in the scheme.

    Under the Employees’ Compensation Scheme, aside the lump sum given as death compensation, the NSITF also takes care of the family of the deceased until the children graduate from university or reach the age of 21, whichever comes first, as there is a monthly stipend due them for the duration.

    The presentations of the cheques were witnessed by a representative of the Nigeria Employers Consultative Association (NECA).

    The NSITF boss and his management team will be presenting more cheques to more recipients in Lagos this week. 

  • NSITF reimburses Nestlé Nigeria ₦31.1 million for employee’s treatment

    NSITF reimburses Nestlé Nigeria ₦31.1 million for employee’s treatment

    Nestlé Nigeria Plc and the Nigeria Social Insurance Trust Fund (NSITF) have collaborated to ensure a swift ₦31,100,000.00 reimbursement for the medical treatment of an injured employee under the Employees’ Compensation Scheme (ECS).

    Presenting the cheque, NSITF Managing Director Barrister Oluwaseun Faleye noted that claims of this magnitude “demonstrate the ECS’s capacity to act as a genuine safety-net for workers and their families.”

    Read Also: NSITF to disburse N172m compensation to employees

    Executive Director, Operations, Hon Mojisolaoluwa Alli-Macaulay applauded Nestlé’s rigorous compliance, saying it “sets the benchmark for multinationals operating in Nigeria.”

    Since launching a digital claims portal in 2023, NSITF has reduced average processing times by over 40 per cent and handled more than 22,000 claims in 2024. The Fund urges employers of all sizes to remain up-to-date with contributions.