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This is an electronic way of processing employees’ contributions onto their National Social Security Fund (NSSF) accounts with minimal manual interventions. It involves a straightforward process of remitting members’ contributions from the employer through the Centenary Bank to NSSF.
How it works
The employer uploads employees’ contributions onto the NSSF Portal. Thereafter, a transaction reference number is generated which is presented at a UBA branch for payment. The Bank teller enters the reference number into the system and the details are retrieved/displayed. Upon confirmation of the employees’ details, the payment is then posted. Immediately posting is done, there is instant notification and update onto employees’ accounts with NSSF.