The two major workers union operating in the Nigeria Social Insurance Trust Fund, (NSITF), Association of Senior Staff of Banks, Insurance, and Financial Institutions, (ASSBIFI) and the National Union of Banks, Insurance and Financial Institutions Employees, (NUBIFIE), have expressed support for the ongoing amendments to NSITF Act (1993) and Employee Compensation Act (2010) at the National Assembly.
In a letter addressed to the Minister of Labour and Employment, Dr. Muhammadu Dingyadi , signed jointly by the President of ASSBIFI NSITF unit, Bala Tijani and General Secretary Godwin Ekpah and Chairman, NUBIFIE NSITF branch, Simon Wenzamma and his Secretary, Miller Gudopwa, the unions said that amendments to NSITF Act 1993 and ECA 2010 were long overdue.
According to a source at the ministry, the two in-house unions, in the letter also commended the management team of NSITF led by its Managing Director, Barrister Olúwaseun Faleye, for embarking on “reconstruction and re-engineering of NSITF (Fund) to accomplish its strategic objectives since their assumption of duty.”