Some 274 Bahamas-based employers were taken to court in January and February 2011 for failure to pay National Insurance Board (NIB) contributions.
If this rate of prosecutions were to continue throughout this year, the number of businesses brought before the courts in 2011 will eclipse that seen in 2010 – when just under 1,000 firms faced legal action from the NIB for delinquency – by around 70 per cent.
An even “bigger concern” for NIB than delinquent employers is the number of self-employed persons still not complying with their responsibility to make contributions to the social security scheme, with 70 per cent presently said to be delinquent.
