Nigeria Social Insurance Trust Fund (NSITF)
Invitation for Express on Interest for the Provision of Services of Current Contributions College and Debt Recovery of Outstanding Arrears of Contributions from Employers
The Nigeria Social Insurance Trust Fund (NSITF) wishes to engage the services of professionals and experts who will assist in the collection of current and outstanding contributions on the Employees’ Compensation Scheme (ECS) from employers.
Accordingly, proposals on same are hereby expected from suitable firms as per the following details:
Scope of Service
The scope of service is to collect ECS contributions and recover outstanding arrears of contributions from employers nationwide. This entails the following:
i) Serve employers with demand notices by NSITF for the purpose of payment of contributions due;
ii) Follow up with assigned employers to ensure remittance of all contributions due to the Fund pursuant to Section 33(1) of the Employees’ Compensation Act, (ECA) 2010. i.e. 1% percentum of the payroll of employers into designated NSITF Bank accounts;
iii) Demand for and forward to the Fund evidence of remittance made by the assigned employers;
iv) Submit progress report to the Board on all contributions collected and challenges encountered.
Fees for Collecting Agents
The fees to be paid to Collecting Agents would be performance related.
General Requirements
Interested Accounting firms, Law firms, Debt Recovery Companies, and/or consortium of Accounting and Law firms as well as other relevant firms wishing to express interest in the above mentioned service should submit the following documents:
i) Evidence of registration with Corporate Affairs Commission;
ii) Certified true copy of Memorandum and Article of Association;
iii) Evidence of compliance with the provisions of the Employees’ Compensation Act, 2010;
iv) Evidence of payment of tax for the last three (3) years;
v) Evidence of VAT registration and remittance; and
vi) Evidence of compliance with the PRA 2004.
Specific Requirements
vii) Comprehensive company profile including Credentials of key personnel;
viii) Current Company’s audited accounts or statement of accounts duly stamped by a firm of Chartered Accountants;
ix) Evidence of membership of relevant professional bodies/association; and
x) Company’s registered address, functional contact e-mail address, and GSM phone number(s).
Submission
The documents should be submitted in a wax sealed envelope with bold inscription: “Expression of Interest to Provide Contribution Collection Services” at the top left corner and should reach the address below not Later than 21st May, 2012:
The Managing Director/CE
Nigeria Social Insurance Trust Fund
Plot 794, Muhammadu Buhari, CBD
P.M.B.446Garki,
Abuja.
Additional Information
i) The advertisement for Expression of Interest (EOI) shall neither be construed to be a commitment on the part of the Board nor shall it entitle any firm to make any claim and/or seek any indemnity from the Board by virtue of any response to this advertisement.
ii) The Board reserves the right to reject any EOI.
iii) The Board reserves the right to take final decision on any of the documents received in the EOL
iv) Only shortlisted firms will be contacted.
v) The Board shall not enter into any correspondence with any unsuccessful firm.
Signed:
Management
