The Nigeria Social Insurance Trust Fund, (NSITF) has compensated two beneficiaries to the tune of N23 million under it’s Employee Compensation Scheme (ECS), even as more recipients have been penciled to be presented with their cheques.

The beneficiaries, a widow of a deceased employee of MEDPLUS who died in a boat mishap while commuting from home to work, received a death compensation in the sum of N15,494,888 million, while a cheque for the sum of N7,801,045 million was presented to a beneficiary who is a staff of Alexander Marius Investment as medical expense refund.

Presenting the cheques to the two beneficiaries in Lagos, management of the Fund, led by the Managing Director, Olúwaṣeun Faleye who commiserated with the family of the deceased for the loss of their loved one, assured the bereaved of the continued support from NSITF, as he noted
that no amount of money could bring back the dead or fill the void created by death

He said: “the compensation is in fulfilment of our mandate under the Employee Compensation Act, which is to provide open, transparent and adequate compensation for all employees or their dependants when accidents, deaths, or injuries occur in the course of work.”

Barrister Faleye further added that the mandate of the NSITF was to “ensure that no one who is registered under the Employee Compensation Scheme is left behind when there’s a crisis or injury.”

Head of Human Resource of MEDPLUS, Onojobi Tolulope, who represented the company’s Managing Director, thanked NSITF for coming to the rescue of the dependants of the deceased colleague and promised to galvanise fellow Human Resource practitioners in other companies to enroll their workers in the Scheme.

Under the Employees’ Compensation Scheme, aside the lump sum given as death compensation, the Fund takes care of the family of the deceased until the children have graduated from university or reached the age of 21, which ever comes first, as there is a monthly stipend due them for the duration.