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Audit Report: NSITF Under Fire In Senate Over N17.2bn Transfer

Audit Report: NSITF Under Fire In Senate Over N17.2bn Transfer   The present and past management of the Nigeria Social Insurance Trust Fund have come under fire in the Senate for failing to justify its spending of N17.158 billion in 2013 with required evidential documents, some...

In Six Months, NSITF Paid N.5bn Claims To Workers, Employers

In Six Months, NSITF Paid N.5bn Claims To Workers, Employers     THE Nigeria Social Insurance Trust Fund has disbursed N529.9 million to workers for medical expenses refunds, loss of productivity to employers, death and disability benefits, beneficiary of deceased employees and retirement benefits on behalf of...

Audited Accounts: Reps Want NSITF, NIMASA Officials Prosecuted By EFCC

Audited Accounts: Reps Want NSITF, NIMASA Officials Prosecuted By EFCC       The Committee on Public Accounts of the House of Representatives has recommended that former and serving management staff of several Ministries, Departments and Agencies of the Federal Government be prosecuted by the Economic and Financial...

Reps Grill NSITF Boss Over Fresh N17bn Illegal Transfer

Reps Grill NSITF Boss Over Fresh N17bn Illegal Transfer       The House of Representatives’ Committee on Public Accounts, on Tuesday, grilled the Managing Director of the National Social Insurance Trust Fund, Michael Akabogu, over the transfer of a total of N17,158, 883,034.69 to persons and companies...

Senate Berates NSITF Management Over Alleged N84bn Embezzlement

Senate Berates NSITF Management Over Alleged N84bn Embezzlement       The Senate on Monday berated the management of the Nigeria Social Insurance Trust Fund over an alleged misappropriation of N84bn within four years. The Senate Public Accounts Committee stated this while scrutinising the 2017 report of the Auditor...

NSITF Chiefs Appear In Senate Today Over Alleged N61.1bn Diversion

NSITF Chiefs Appear In Senate Today Over Alleged N61.1bn Diversion       The management of the Nigeria Social Insurance Trust Fund is expected to appear before the Senate Public Accounts Committee today (Tuesday) to answer more questions on the query issued to it by the Auditor General...