The House of Representatives has begun investigation of the non-remittance of billions of naira by the federal, state and local governments into the Nigerian Social Insurance Trust Fund (NSITF) from 2010 to date.
The House said it would set up an ad hoc panel to carry out the investigation and report back within six weeks for further legislative action.

In adopting a motion by Rep Babatunde Kolawole (APC, Ondo), the House said the Employee Compensation Act provides that “every employer shall, within the first two years of the commencement of the Act, make a minimum monthly contribution of 1 percent of the total monthly payroll into the fund and subsequently, payment will be based on estimates of the employer.
He said the act provides an open and fair system of guaranteed and adequate compensation for all employees or their dependents for any death, injury or disability arising from, out of or in the course of employment, rehabilitation to employees with work-related disabilities.
He said private sector players have, to a reasonable extent, been complying with the provisions of the Act, particularly Section 16 (6) (d), which makes it mandatory for bidders to fulfill all obligations to pay taxes, pensions and social security contribution.

Source- Daily trust