A committee of the House of Representatives has launched an investigation about compliance with the rules requiring contributions to the Nigerian Social Insurance Fund (NSITF).
Employers are required to contribute a minimum of 1% of their total monthly payroll to the Employees’ Compensation Fund (ECF) that is managed by the NSITF Management Board.
The committee intends to ascertain the level of compliance by organizations with their obligation to make contributions to the NSITF from 2010 to the present. The identified organizations are required to submit an electronic version and 20 hard copies of their evidence of registration with, and remittance to NSITF, by 4 October 2019.
Read a September 2019 report [PDF 116 KB] prepared by the KPMG member firm in Nigeria
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