Nigeria Social Insurance Trust Fund reacts to outrage over termites’ destruction of vouchers
Written by Olarotimi Oshin on August 16, 2022
The Nigeria Social Insurance Trust Fund (NSITF) has reacted to the reaction over the destruction of proof of seventeen point one-five-eight billion naira expenditure.
It is recalled that a Senate committee chaired by Senator Mathew Urhoghide questioned the current and past leadership of NSITF over monies transferred between January and December 2013.
In his response, the incumbent managing director of the Trust Fund, Michael Akabogu while appearing before the Senate Public Accounts Committee (SPAC) told the lawmakers that the vouchers could not be produced.
He explained that the container that houses the documents has not only been beaten by rains over the years but even possibly being eaten up by termites.
Reacting to the reaction that trailed the incident by the public, the General Manager, Corporate Affairs, Ijeoma Okoronkwo, informed the public that the funds under investigation are cumulative financial violations between 2012 and 2017.
Okoronkwo added that the Economic Financial Crime Commission EFCC took the former NSITF board chairman and five other senior officials, including the Managing Director and three Directors, to court over some of the issues.
He added that while huge sums of money, as well as property have been recovered, some indicted staff members have been sacked. The NSITF, however, reiterated that the current management is not in possession of the vouchers.