HomeFINANCEINSURANCECG Says NCoS Spent Over N697.34M On Welfare In 2022 The Nigerian...

CG Says NCoS Spent Over N697.34M On Welfare In 2022 The Nigerian Correctional Service (NCoS) says it has spent N697.34 million on welfare of serving, retired and deceased personnel of the service between January and December 2022. The Comptroller General, NCoS, Mr Haliru Nababa, said this at the 17th anniversary of the Correctional Welfare Insurance Scheme, on Wednesday in Abuja. Nababa said that the welfare of serving, retired and deceased personnel of NCoS alongside members of their families remained paramount in the policy thrust of the service. He said that the workshop offered unique opportunity to take stock of the operations of the insurance scheme, evolve new ideas and strategies to make it better, in line with current economic realities. The News Agency of Nigeria (NAN) reports that the theme of the workshop is “Making Retirement a Happy Experience”. According to him, the correctional welfare insurance scheme also centre on entrepreneurship skills development, exploring investment opportunities and business risks management, among others. “Worthy of note is the fact that the scheme has been able to pay 242 death claims to the respective Next of Kin to the tune of N330, 522, 488 between Jan. and Dec. 2022. “For those who sustained various degrees of injury in the line of duty, medical claims amounting to N86, 113, 890 were paid to 325 personnel while 304 beneficiaries got retirement claims totaling N280, 707,239. “To aggregate all the payments within the period under review, 871 beneficiaries received N697, 343, 617,” he said. Nababa said that the service was conscious of the fact that the best of laws, policies and plans could not yield fruitful results without a highly motivated workforce. He, therefore, assured that the scheme would continue to grow stronger and better for the collective benefit of all. “We are committed to ensuring that enduring reforms continue to manifest in all fronts,” Nababa said.

Published on

-Advertisement-

The Nigerian Correctional Service (NCoS) spent N697.34 million on welfare of its serving, retired and deceased personnel between January and December 2022, according to NCoS Comptroller-General Haliru Nababa.

He revealed this at the 17th anniversary of the Correctional Welfare Insurance Scheme, on Wednesday in Abuja, Nigeria’s Federal Capital (FCT).

The workshop had as its theme: Making Retirement a Happy Experience.

Nababa said that the welfare of serving, retired and deceased personnel of NCoS alongside those of the members of their families remained paramount in the policy thrust of the service.

He posited that the workshop offered unique opportunity to take stock of the operations of the insurance scheme, evolve new ideas and strategies to make it better, in line with current economic realities.

The NCoS boss explained that the correctional welfare insurance scheme also centres on entrepreneurship skills development, exploring investment opportunities and business risks management, among others.

“Worthy of note is the fact that the scheme has been able to pay 242 death claims to the respective Next of Kin to the tune of N330, 522, 488 between Jan. and Dec. 2022.

“For those who sustained various degrees of injury in the line of duty, medical claims amounting to N86, 113, 890 were paid to 325 personnel while 304 beneficiaries got retirement claims totaling N280, 707,239.

“To aggregate all the payments within the period under review, 871 beneficiaries received N697, 343, 617,” he said.

Nababa said that the NCoS was conscious of the fact that the best of laws, policies and plans could not yield fruitful results without a highly motivated workforce.

He, therefore, assured that the scheme would continue to grow stronger and better for the collective benefit of all.

“We are committed to ensuring that enduring reforms continue to manifest in all fronts,” Nababa said.

-All Rights Reserved-
Permission to use any material, including text, still photograph, audio and video from this site is granted subject to permission being formally sought and, if granted, appropriate credit must duly be given to The News Room as the source.

Latest articles

FULL LIST: Top seven best-paying European countries after tax

Across Europe, salaries can look impressive on paper, but what truly matters is how much workers actually take home after taxes.

Man City host Liverpool, Arsenal chase treble in FA Cup quarter-finals

Liverpool face a daunting trip to Manchester City in the standout tie of the FA Cup quarter-finals this weekend as Mohamed Salah seeks to end nine spectacular seasons at Anfield on a high.

Gunmen abduct Sokoto residents as police intensify rescue operation

The Sokoto State Police Command has confirmed a late-night bandit attack on Chacho community in Wurno Local Government Area, during which several residents were abducted, and others were injured.

Buffon quits Italy role following World ‘Cup play-off exit

Ex-Italy goal keeper Gianluigi Buffon has stepped down from his role as delegation with the Italy national team following the country’s failure to qualify for the 2026 FIFA World Cup.

More like this

FULL LIST: Top seven best-paying European countries after tax

Across Europe, salaries can look impressive on paper, but what truly matters is how much workers actually take home after taxes.

Man City host Liverpool, Arsenal chase treble in FA Cup quarter-finals

Liverpool face a daunting trip to Manchester City in the standout tie of the FA Cup quarter-finals this weekend as Mohamed Salah seeks to end nine spectacular seasons at Anfield on a high.

Gunmen abduct Sokoto residents as police intensify rescue operation

The Sokoto State Police Command has confirmed a late-night bandit attack on Chacho community in Wurno Local Government Area, during which several residents were abducted, and others were injured.