Review that The Senate Public Accounts Committee (SPAC) had put the current and past administration of the Nigeria Social Insurance Trust Fund (NSITF) under a microscope.
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The council said it found that the asset’s administration neglected to create significant archives to legitimize affirmed expenditure of N17.158 billion of every 2013.
A portion of the records to back the costs were said to have been eaten up by termites. The Office of the Auditor General of the Federation (OAuGF), in its 2018 review report – presently being viewed as by the Senate board led by Senator Matthew Urhoghide (Edo South) – had questioned the organization over the dispensed totals without suitable supporting records.
In his report, the AuGF said the N17.158 billion addressed the absolute amount of cash, moved by the organization from its Skye and First Bank accounts, into different untraceable records having a place with people and organizations among January and December 2013.
The OAuGF had, in its 2018 review report, raised 50 distinct questions verging on supposed misappropriation of assets against the organization. The AuGF’s question peruses to some extent:
“The board of NSITF, as displayed in articulations of record number 1750011691 with Skye Bank Plc, for the period first January 2013 to twentieth December 2013, and proclamations of record number 2001754610 with First Bank Plc for the period January 7, 2013, to February 28, 2013, moved sums totalling N17,158,883,034.69 to certain people and organizations from these records.
In any case, installment vouchers connecting with the exchanges along with their supporting records were not accommodated review. Thus, the purpose(s) for the exchanges couldn’t be verified.
Hilda Dokubo (@hildadokubo)’in paylaştığı bir gönderi
Yet, the ongoing NSITF Managing Director, Dr Michael Akabogu, was said to have asserted that no such reports were in the association’s care. The holder the said records were kept by past administration has not exclusively been beaten by downpours throughout the years yet even potentially been eaten up by termites.”
Responding to the news, Hilda Dokubo says it is humiliating to concoct reasons of bugs, monkeys and snakes causing the vanishing of assets.
“Satisfy whose dad, brother, spouse, companion, neighbor or manager is this individual whose face is utilized as brand envoy for this sort of significance? Just in this organization do we have creatures, bugs, monkey snakes, and rodents partaking effectively in the vanishing of assets… Ok o we are hanging tight ridiculous,” she composed on her checked Instagram page.
