• About us
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 22, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home EFCC

EFCC, NSITF Collaborate to Promote Transparency and Accountability in Financial Management

Admin by Admin
March 21, 2025
in EFCC
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has assured the Nigeria Social Insurance Trust Fund, NSITF enhanced collaboration and involvement in the management of its fund.

Dele Oyewale the commission’s spokesperson in a signed statement disclosed that the chairman gave the assurance in Abuja on Thursday, March 20, 2025 when the management of NSITF, led by its Managing Director and Chief Executive Officer, Mr. Oluwaseun Faleye paid him a courtesy visit at the Commission’s corporate headquarters.

“We will continue to collaborate with you, particularly in the area of the management of funds, which has to be done in the most transparent and accountable manner. That is what we are here for. We need to let you know some of the things we have discovered in the course of our investigation so that going forward, you will not make the mistake of your predecessors”, he said.

Earlier in his remarks, Faleye disclosed that his team was in the Commission to formally introduce and make advocacy for the Employer Compensation Scheme, ECS, a social security initiative that enhances employees’ welfare and protection. He stressed that the NSITF needed a more robust engagement with the EFCC to avoid the pitfalls of the past and demonstrate a new dawn of transparency and accountability in the Fund.

 “I am mindful of the perception out there about our organization due to past infractions. I know for a fact that the EFCC has had cause in the past to investigate one infraction or the other in NSITF, so I think that engaging with EFCC will show our forthrightness. It would put us out there that we’re really now committed to some level of transparency and corrupt-free processes either by way of procurement or in our financial dealing generally,” he said.

While soliciting the deepening of collaboration between the two agencies of the government, Faleye emphasized the need for intelligence sharing and EFCC’s hand in NSITF’s capacity building.

“Another reason why we’re here is in terms of deepening the collaboration between NSITF and EFCC in terms of information sharing. We feel that there should be synergy in data sharing. For example, EFCC’s insights on fraudulent claims and non-compliance can help us as we target much more compliance and of course most importantly capacity building. Capacity building to help us develop in-house capacity to prevent fraud and corruption, bring it to the fore and leave it to the professionals who can deal with them”, he said.

“I also wish to strongly appeal to the Chairman and the management of EFCC to please adopt the Employee Compensation Scheme, ECS not only because it’s mandated by law, but for the benefit of each and every member of the staff,” he said.

 Responding to the appeal on ECS, EFCC’s Director, Administration and Human Resources, Mr. Peter Gbarufu disclosed that the Commission has compiled with the Scheme, stipulated under the Employee Compensation Act 2010 by officially subscribing to it. “We have complied by way of registering and we have been in touch with your staff in this regard,” he said.

ShareTweetSend
Previous Post

Subnational Entities Must Institutionalize Best Practices to Curb Financial Mismanagement – ICPC Chairman

Next Post

Three Suspects Re-Arraigned by EFCC Over Allegations of N20m Fraud

Admin

Admin

Related Posts

Seven Convicted for Fraud in Kaduna as EFCC Intensifies Crackdown on Cybercrime and Impersonation
EFCC

Seven Convicted for Fraud in Kaduna as EFCC Intensifies Crackdown on Cybercrime and Impersonation

July 18, 2025
EFCC Tenders Video Evidence Against Oyo-Ita’s Duress Claim in ₦3bn Fraud Trial
EFCC

Alleged $12m Fraud: Witness Confirms Receiving Cash Facilitated by SunTrust Bank Executives as Court Adjourns for Ruling on Exhibits

July 18, 2025
The Naira is a symbol of our sovereignty. How we treat it reflects how much we respect ourselves as a people — Olukoyede
EFCC

The Naira is a symbol of our sovereignty. How we treat it reflects how much we respect ourselves as a people — Olukoyede

July 18, 2025
Next Post

Three Suspects Re-Arraigned by EFCC Over Allegations of N20m Fraud

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

July 20, 2025
GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

July 19, 2025
  • Trending
  • Comments
  • Latest
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

March 19, 2025
A Legacy Forged in Duty: Nigerian Army at 162 Years of Nation Building and Sovereign Defence

A Legacy Forged in Duty: Nigerian Army at 162 Years of Nation Building and Sovereign Defence

July 3, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

July 20, 2025
GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

July 19, 2025
Pay Fines to Banks, Not Officers, FRSC Corps Marshal Warns Motorists

FRSC Recovers 35 Stolen Vehicles in Six Months Through Data-Driven Operations

July 18, 2025
Seven Convicted for Fraud in Kaduna as EFCC Intensifies Crackdown on Cybercrime and Impersonation

Seven Convicted for Fraud in Kaduna as EFCC Intensifies Crackdown on Cybercrime and Impersonation

July 18, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In