Senate to quiz NSITF management over alleged N61.1bn diversion today

The Senate Public Accounts Committee will receive the management of the Nigeria Social Insurance Trust Fund today for further probing on the query issued to it by the Auditor General for the Federation.

The SPAC probe came after the 2018 AuGF indicted NSTIF management of allegedly diverting N61.1bn.

The Chairman of the Committee, Senator Matthew Urhoghide, at the last sitting of the panel on Thursday, told the newly appointed Managing Director of the NSTIF, Dr Michael Akabogu, that the agency had over 50 queries to respond to before the committee.

“The NSTIF queries remained the highest in the 2018 AuGF report,” the senator said.

Akabogu, however, appealed to the committee to go through the report and ask him questions.

He said, “If there is any question I can’t respond to, the former managing director could be contacted.”

The panel chairman summoned the management of the agency to appear before his members on June 15 for further investigation.

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