The management of the Nigeria Insurance Trust Fund, NSITF, has vowed that individuals and groups seeking to extort money from the organisation through unsubstantiated allegations and innuendos are wasting time as the Fund would never succumb to such blackmailers, no matter how hard they try.

The Managing Director of the Fund, Maureen Allagoa, who made the vow Tuesday in Abuja, said corruption allegations against the management of the Fund, were nothing but falsehood and the handiwork of extortionists, blackmailers and detractors.

The NSITF boss who was reacting to a statement by a civil society group: Anti-Corruption, Good Governance and Human Rights Watch Network (AGHRWN), that rot of corruption oozes in the agency under her watch.

She said that NSITF has nothing to hide, and went on to say that the agency’s books are open for public scrutiny since she was appointed in 2023.

Contained in a statement signed by the Fund’s General Manager, Corporate Affairs, Nwachukwu Godson, Allagoa, further said there have been orchestrated waves of uninformed and baseless publications by phantom groups and persons sponsored to tarnish the image of NSITF and vowed that no amount of falsehood, blackmail, and threats  will stop her management  from taking the ongoing transformation of  the agency along the 8-Point Agenda of the Tinubu administration to fruition.

“We have nothing to hide, and our books have been open for public scrutiny since I was appointed as the Managing  Director/Chief Executive of the NSITF in 2023. Upon appointment, my EXCO set a target whose thrust lies in the  reform of the agency to fully implement  the Employees Compensation Scheme.

“The truth is that the NSITF at the moment is probably one of the most scrutinized agencies of government and no verdict of guilt has been established  beyond the usual nebulous tattletales and beer parlour gossip that lack logic and facts.”

“Following  petitions from Nigerians, among  whom are those with genuine concerns and others  with undisguised mal fide, the anti-corruption agencies have been investigating those petitions but are yet to  pin any wrong doing to me or  my EXCO.

“We therefore dare those behind these publications to make available to the public, one proven case of corruption against the NSITF since I assumed office in February 2023.

“Urging  the ICPC and EFCC  to investigate the NSITF with indictment in mind is an exercise in vain for we  fear no scrutiny.  We went the extra mile  to revive the anti-corruption unit in the fund, resourced them to effectively discharge their duty, and thereby  primed all  staff towards transparency.

“In the past one year, the fund has held only one procurement process, apart from an  ongoing one which  is for the procurement of the internet-based information technology facilities, without which the day to day running of the Fund  will grind to a halt.

“We convened  the Parastatals Tenders Board to endorse and transmit same to the Ministerial Tenders Board to equally approve or reject. When a certain phony Anti-Corruption, Good Governance and Human Rights  Watch Network accused the fund of “violating public procurement process,” we wondered where and how.

“Even though we have restrained ourselves from descending into the vortex of recriminations with faceless persons and groups, there is no better time to call the bluff of these amorphous people.  Prove your allegations or stay away! Nigerians are not wet behind the ears or ripe for the picking. Nigerians are not gullible to buy into unsubstantiated sweeping allegations, punctuated with threats.

“Yesterday there was a deliberate distortion of facts about the N47m payment which the committee set up by the former Minister of Labour and Employment, Sen. Simon Lalong investigated and found no wrongdoing.” She said.

She also said; “The detractors were not tired as they went on to allege that PAYE deductions as well as National Housing Fund under the previous administration were not remitted to the appropriate bodies. This also failed at the consistent knocking of facts as we showed evidence to the contrary.”

“ Why have our traducers not investigated hundreds of dependent and disability beneficiaries on our monthly payroll? Are they aware of the number of deceased dependents who are under the care of the NSITF until the last child graduates from a high institution or attains the 21 years of age?

“What then is this “oozing corruption” as alleged by AGHRWN and cohorts? Is it that despite challenges, the NSITF in the last one year, conducted 5,592 Occupational Safety and Health Awareness exercises to reduce accidents in  workplaces across the nation?

“ Is it that we dispensed social security benefits under different compensation packages to 20,531 beneficiaries in one year?  For the benefits of critics, these first two steps of the Employees’ Compensation are interdependent or inversely proportional. Topnotch occupational safety and health brings down the incidence of workplace accidents, hence , reduction in amount paid out as claims and compensation.

“With all these achievements and more, I wonder the reason some persons are determined to continue casting the NSITF in bad light.”