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Our mandate goes beyond claims, compensation – NSITF

The Nigeria Social Insurance Trust Fund has revealed that its constitutional mandate is beyond the payment of claims and compensations, adding that the prevention of…

The Nigeria Social Insurance Trust Fund has revealed that its constitutional mandate is beyond the payment of claims and compensations, adding that the prevention of accidents is the first process in Employees’ Compensation.

The Fund made the disclosure through its Executive Director, Finance and Investment, Adegoke Adediji, while receiving members of the Nigeria Council of Registered Insurance Brokers (NCRIB) on behalf of the Managing Director of the NSITF, Maureen Allagoa, a statement by Nwachukwu Godson, General Manager, Corporate Affairs has said.

According to him, “The prevention of accidents through robust occupational safety and health (OSH) programmes is the first step in the processes of the Employees’ Compensation. The payment of claims and compensations is therefore inversely proportional to this.

“A well-managed NSITF primarily seeks the reduction of workplace accidents. This is the first step our management takes through a robust pursuit of occupational safety and health programmes. But if an accident occurs, we follow up with rehabilitation. Then payment of claims and compensations, where necessary,” he said.

Adedeji affirmed that the Fund’s tripartite stakeholders are involved in all major administrative decisions, including the recent introduction of fees for fresh registration and for compliance certificates.

Earlier in his presentation, the President of the NCRIB, Babatunde Ogunlade, said that the visit was to seek areas of partnership and collaboration between the NSITF and a vibrant community of registered insurance brokers across the federation.

Meanwhile, the Kano State government has declared that its zeal and commitment to the welfare of the Kano workforce and citizenry have similar intendments with the Employees’ Compensation Scheme of the NSITF.

The Kano State Head of Civil Service, Alhaji Abdullahi Musa, made the declaration while receiving an advocacy team from the Kano Branch of the NSITF led by Haruna Mohammed.

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