Senate summons Ex-NSITF bosses over alleged N84bn embezzlement

Written by on July 5, 2021

 The Senate has summoned former managing directors of the Nigeria Social Insurance Trust Fund over alleged missing financial documents in the agency.


The former NSITF bosses are expected to appear before the Senate Public Accounts Committee on Tuesday.


The Chairman of SPAC, Senator Matthew Urhoghide, at the last meeting of his panel on Thursday, said 50 queries were issued against the NSITF officials by the office of the Auditor General for the Federation.


Urhoghide said the ex-NSITF bosses were being invited following the failure of the officials of the agency to respond to the queries of the AuGF regarding some alleged financial infractions.

He said, “Twelve out of the 50 queries of the Auditor General of the Federation so far reviewed by the committee revealed that N84bn had allegedly been misappropriated by some officials of the NSITF.”


The senator added that the committee discovered that the agency was unable to present any financial documents relating to the issue raised by the committee.

They also informed the senators that the Economic and Financial Crimes Commission was already prosecuting some of the former managing directors of NSITF alleged to have been involved in the financial infractions.


The panel chairman however directed the agency officials to separate issues that they could produce documents for, from issues currently being handled by the anti-graft agency.


He said the former managing directors must appear before his panel to give account of what transpired under their administrations.


Credit: Punch


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