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"What comes to mind anytime this company called NSITF (National Social Insurance Trust Fund) comes up in the news? Fraud." That's what a businessman in Nigeria has to say about the country's social insurance agency, which has been accused of embezzlement and mismanagement in the past, the Guardian reports.
In a blog post, the owner of a construction company says he received a letter last year from the agency saying it would be inspecting his books.
"I wasn't even happy paying them, but I'm being forced to do so statutorily," he writes.
"Paying hard-earned money to NSITF felt very much like dumping money in the ocean or setting money on fire."
"The last five management teams of this organization have been dismissed in ignominy with serious allegations of fraud," he continues.
"The same fund-led management alleged bullying by the minister of Labour, Chris Ngige, but I'm not sure it was able to prove its own fidelity."
Ngige, for his part, says the agency was created with the intention of supporting people who had lost their jobs.
"We cannot just be dumping money into a blast furnace every year," he says.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
A Pennsylvania nonprofit that helps people with addiction and mental health issues has received a $25,000 grant from the state, My Chester reports. State Rep. Chris Pielli was on hand to...more
Jake Owen has a new manager, and it's a pretty big one. Josh Del has joined the country star's management company as creative director, the Tennessean reports. Del, who moved to Nashville in...more
This report researches the worldwide Nonprofit Payment Gateway Software market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China,...more
There's a lot of talk these days about the need for more internships for young people, and Business Insider takes a look at one organization that hopes to change that: the Driving Force...more
In the 1990s, the "Reinventing Government" movement emphasized the role of non-government organizations in providing services traditionally provided by government. Now, with the COVID-19 pandemic...more
"What's wrong with Americans? Why have they become less generous and less giving of their time? Why have they lost trust in the system of tax-incentivized charitable giving upon which The Generosity...more
The Terry Lyons School of Accounting at Texas Tech University is getting a new name thanks to a $100 million donation from Terry and Susan Lyons. "We are grateful to Terry and the Lyons family...more
Foundation: Gates Foundation
When Bill Gates was a child, his parents banned him from bringing books to the dinner table, reports Mashable. His love of reading, however, has since led the Microsoft co-founder to create the...more
Delegates from almost 200 countries are meeting in Dubai this week for the 28th Conference of the Parties, or COP 28, which will focus on reducing greenhouse gas emissions and mitigating the effects...more
"We need a global climate strategy, and it must be based on our best science, our best technology, and our best collaboration." So writes Andrew Revkin in the New York Times on the eve of the...more
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