Senate Summons NSITF Over Alleged Diversion Of N61.1bn

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The senate has commenced an investigation of officials of the Nigeria Social Insurance Trust Fund (NSITF) over alleged diversion and mismanagement

To this end, the senate has asked NSITF’s management to appear before its Committee on Public Accounts today.

The committee, which is chaired by Mathew Urhoghide is investigating the 2018 auditor general’s report. The auditor general’s report had queried the NSITF over alleged diversion of N5.5 billion from its account to Zenith bank. Also in another query, NSTIF was said to have paid N38.2 billion as personnel cost from 2012 till 2017 which was not approved by the National Salaries Income and Wages Commission and payment of N17.1 billion was transferred to some persons and companies from the same accounts.

The chairman of the committee, Mathew Urhoghide, while speaking, said the agency has over 50 queries to respond to before the committee which is the highest in 2018 Auditor General’s report.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Osinbajo appointed me NSITF chairman but cabal reversed it –Kokori - Punch NewspapersRenowned labour unionist and elder statesman, Chief Frank Kokori, has recalled how he was appointed as the Chairman of the Nigeria Social Insurance Trust Fund by the acting President, Yemi Osinbajo, in October 2017. Osinbajo could not do anything about it because his hands are tied 🤣🤣🤣🤣 Who voted cabal? A dead 💀 country
Source: MobilePunch - 🏆 8. / 63 Read more »

Buhari Pushing 1964 Northern Nigeria Decree On Cow Grazing Route On Nigeria—Senate Spokesman | Sahara ReportersBasiru said this following the statement of the President on the farmer-herder crisis. The plan of evil fulanis is to use the Ruga settlements as terrorists training camps from where they'd be launching attacks on nearby towns & villages, occupy more lands & install emir. Fulanis will never get Ruga in Southern Nigeria...Mark my words on the buttocks of una cows Buhari Pushing 1964 Northern Nigeria Decree On Cow Grazing Route On Nigeria—Senate Spokesman | Sahara Reporters They should bring back 1963 constitution as well.
Source: SaharaReporters - 🏆 9. / 63 Read more »

Two years after, Senate reviews implementation of National Anti-Corruption StrategyPresident Muhammadu Buhari approved the implementation of a harmonised Anti-Corruption Strategy in 2019.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Osinbajo appointed me NSITF chairman but cabal reversed it –Kokori - Punch NewspapersRenowned labour unionist and elder statesman, Chief Frank Kokori, has recalled how he was appointed as the Chairman of the Nigeria Social Insurance Trust Fund by the acting President, Yemi Osinbajo, in October 2017. Osinbajo could not do anything about it because his hands are tied 🤣🤣🤣🤣 Who voted cabal? A dead 💀 country
Source: MobilePunch - 🏆 8. / 63 Read more »

PEF moves to tackle fuel diversion, adulteration with technology - Punch NewspapersThe most widely read newspaper in Nigeria Story
Source: MobilePunch - 🏆 8. / 63 Read more »