DAILY LAW TIPS (Tip 328) by Onyekachi Umah, Esq., LLM.
ACIArb(UK)
WHAT THE LAW SAYS ABOUT “APPOINTMENT OF CHAIRMAN OF
NSITF MANAGEMENT BOARD.
Nigeria Social Insurance Trust Fund (NSITF) was created for
benefit of employees/workers across Nigeria. The Fund is managed by
NSITF Management Board. The Chairman of the Management Board must
be appointed by the President of the Federal Republic of Nigeria,
on the recommendation of the Minister for Labour. Hence, it is the
Minister for Labour that shall recommend to the President, a person
to be appointed as Chairman of NSITF Management Board. Note that
the same Minister determines the remuneration and allowances to be
paid to members of the Management Board and any letter of
resignation by a member goes to the same Minister.
My authorities are Sections 1, 2,
4, 5 and 45 of the Nigeria Social Insurance Trust Fund Act,
1992.
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