The House mandated a yet-to-be-constituted ad hoc committee to probe Federal, States and Local Governments, Parastatals, Public Corporations and Companies from 2010 to Date.
He also explained that “employees are supposed to make a monthly contribution of 1.0 per cent of the total monthly payroll into the Fund and subsequently, payment will be passed on estimates of the employer’s payroll for the year, actual assessment or based on minimum assessment.” The lawmaker added that private sector players have to a limited extent, been complying with the provisions of the Act, particularly, in view of Section 16 of the Public Procurement Act, 2007 which makes it mandatory for bidders to have fulfilled all obligations to pay taxes, pensions and social security contributions.
He, however, noted most companies and public corporations have all failed to remit the mandatory contribution thereby exposing Nigerian workforce to uninsured and uncovered risks and occupational hazards and by extension, the large pool of workers cannot be compensated for injuries, mental stress.
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