After two years wait amidst revolution by the Nigeria Labour Congress (NLC), the minister of Labour and Employment, Chris Ngige, a while ago inaugurated the new National Social Insurance Trust Fund (NSITF) board.
Ngige while inaugurating the new board in Abuja, on Monday, said the two-year delay in the inauguration was as a result of massive looting in the organisation between 2012 and 2015.
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that period, the sum of N62.5 billion was contributed out of which N48 billion was unaccounted for and N25 billion was withdrawn without vouchers.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 new board is to be chaired by Austin Enejomo-Isire.
The past board members are currently being investigated by the Economic and Financial Crimes Commission (EFCC).