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Lack of board for NAICOM raises concern

By Favour Nnabugwu

The delay by the federal government to inaugurate board for the National Insurance Commission (NAICOM) has remained a challenge within the Commission and the insurance industry. President Muhammadu Buhari has approved the dissolution of the Governing Boards of Federal Parastatals, Agencies and Institutions with effect from Thursday, July 16, 2015.

However, fourteen months after the dissolution, the board is yet to be reconstituted. Notwithstanding the intent of government in dissolving the boards of its parastatals, agencies and commissions at that time has to do with the change in government but the delay in reconstituting the board of naicom is beginning to be a cause for concern within and outside the industry

For instance, the  Chairman of Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Service Employees (AUPCTRE), Comrade Ibrahim Abdullateef in response to the delay in reconstituting the board of the Commission.

“Unfortunately this present administration has not inaugurated any board. So as such it is really affect us and I believe there are so many other parastatal too. And unfortunately too, the directors that we have that are supposed to form part of the top management committee, we were made to understand that the executive which is the commissioner and the deputy Commissioner call the shots and whatever decision they both take is not binding on the directors even when they participate in the meeting.”

“But there was something that was very key that we noticed, we will appreciate a situation whereby the relevant authorities should ensure that there is proper structure in the commission if really they want us the regulators to be able to carry out our jobs as regulators because presently what we have in the system is that it is only the two executives that determine whatever happens.”

Abdullateef stated, “We the workers feel it is really wrong to have a top management committee even if they claim that they do not recognise it but there is what we call staff establishment committee which is something that is recognise both in the guideline for appointment, promotion and discipline of the federal civil service and it is there enshrine in our condition of service.”

“If federal ministry of Finance, the minister and the relevant authorities refuse to intervene and do the needful, we would be left with no other option than to take the appropriate actions which means that our members may end up enforcing the rule because as far as we are concerned what is good for the goose is also good for the gander.”

The union believed that if there was a board in place, the feud between the workers and the Commission would have settled by now. AUPCTRE chairman noted, “So therefore we would be left with no other option than to take appropriate action which is coming up soon, that is what we intend to do.”



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