NSITF Boss Vows to Reform Agency thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
(AFRICAN EXAMINER) -The Nigerian Social Insurance Trust Fund (NSITF) says the new management of the fund is not under probe by the Public Accounts Committee of the Senate over alleged N62 billion fraud.
Ms Alexandra Mede, Deputy General Manager, Corporate Affairs, NSITF, said this in a statement on Thursday in Abuja.
Mede said that the clarification was necessary to correct the uninformed views in a section of the media.
According to her, what the Senate Public Accounts Committee is currently probing is the cumulative actions and inactions, financial malfeasance and infractions by two past management teams of the agency between 2013 and 2020.
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Published 16 June 2021
THE appointment of a new managing director and the reconstitution of a management board for the Nigeria Social Insurance Trust Fund by the President, Major General Muhammadu Buhari (retd.), might not rescue the outfit from its quagmire. Apart from the new appointments, the President also directed that “the former Managing Director of the Fund, Bayo Somefun, and three other former Executive Directors with the NSITF, are to refund to the treasury of the Fund a total of N181 million being alleged illegal overpayments in salaries and allowances.” The Senate is investigating N61.1 billion allegedly diverted by the NSITF in 2018.
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