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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.
The Stephen & Tabitha King Foundation is known for its support of the arts, and the Portland Press Herald has an example of how it's been doing just that in Maine. The Stephen & Tabitha King...more
Dennis Lancaster started out as an English and journalism instructor at Missouri State University-West Plains more than 30 years ago. Today, he's the chancellor of the school in West Plains, Mo.,...more
Bitcoin hit an all-time high of $8,192.53 on Thursday, and the cryptocurrency is on track for its highest close since 2008, CNBC reports. According to CoinDesk, the cryptocurrency hit an all-time...more
Foundation: Greater Manhattan Community Foundation
A Kansas man has been charged with first-degree murder after he allegedly shot and killed his wife's best friend on Mother's Day, the Kansas City Star reports. Police say that on the day of the...more
When the University of California, Los Angeles, teamed up with China's Nankai University last year to host a forum on Chinese philanthropy in the US, it didn't set out to create a forum on Chinese...more
Students at an elementary school in Maryland will be in class longer than most of us will be alive. The Montgomery County Board of Education voted unanimously Thursday to make Roscoe Nix...more
"It can take a good year (or two) for a new executive to learn everything about the nonprofit, from operations to processes to donor relationshipsespecially if they hire 'from away.' And discerning...more
A Buffalo Bills player suffered a heart attack on the field during a game in January, and now the NFL team and the American Heart Association are teaming up to raise awareness of the importance of...more
"All communities deserve to enjoy the benefits of the clean energy transition, and this unique group of creatives is poised to help spread the word." So says the executive director of...more
Foundation: Gates Foundation
In the 1960s, conventional science and engineering got us to the moon, but "when we have high uncertainty and high-value conflicts, we need to have all stakeholders at the table," Sieglinde Snapp,...more
Civic Engagement News from...
Greater Manhattan Community Foundation
Gates Foundation
North Texas Community Foundation
Community Foundation of Sarasota County
Gulf Coast Community Foundation
Bloomberg Philanthropies
Carnegie Corporation of New York
Share Our Strength
Simons Foundation
Ontario Trillium Foundation
Social Entrepreneurship
Spotlight
5 Steps to Social Innovation
While philanthropy, social responsibility and corporate governance all already play a role, we will probably see more powerful contributions when companies embed social innovation into their core business strategies and operations.
