MANAGEMENT of the Nigeria Social Insurance Trust Fund, NSITF, has called on employers in the country to, without delay, comply with the provisions of the Employees’ Compensation Act, ECA, saying it will not hesitate to apply the necessary sanctions as provided by the Act on any recalcitrant employer.

Strong indications have emerged that the Federal Government may be jeopardising the lives of its employees under the group life scheme if the N3.6billion provided for by the government is not released to the Head of Service, just as Pension Fund Administrators, PFAs, settled N1.4billion claims to families of 554 deceased civil servants.

The possibility of further rise in the rate at which prices of goods and services increase would persist in the second quarter of the year, says Damilola Akinbami of Financial Derivative Company (FDC).

The Economic and Financial Crimes Commission (EFCC) on Monday accused the former Managing Director of Bank PHB, Francis Atuche, of fraudulently purchasing the bank’s shares for 18 of his companies.

The Director-General of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), Dr Abdullahi Shehu has said that there is need for Nigerian authorities to address the problem of porous border in order to achieve the objective of the cashless policy.