The Nigeria Social Insurance Trust Fund (NSITF) has presented a lump-sum Employees’ Compensation Scheme (ECS) cheque of ₦86,028,283.30 to Seplat Energy Producing Nigeria Unlimited (formerly Mobil Producing Nigeria Unlimited) at Seplat House, in Lagos.
The payment, made in Thursday, will be followed by ₦1,107,667.30 every month for the deceased employee’s spouse until the couple’s only child reaches the age of 21, in line with provision of the Employees’ Compensation Act.