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(Just in)N2.3B Fraud: Reps Probe Nigeria Social Insurance Trust Fund

Published by Vanguard on Thu, 12 Dec 2019


By Tordue SalemThe House of Representatives has set up an inquiry into allegations that the management of the Nigeria Social Insurance Trust Fund(NSITF) pilfered N2.3billion of workers funds.The motion to probe the agency was sponsored by Rep. Francis Ejiroghene Waive.In moving his motion, Rep. Waive acknowledged that VANGUARD newspapers had broken the story of the alleged theft of the fund on November 24, 2019.READ ALSO: Bill to separate AGF's office from Justice Minister's passes 2nd reading in House of RepsHe called on the House to investigate the allegation, which according to him, he believed to have been carried out without the authorization of the Board of the Fund or approval of the Federal Ministry of Labour and Employment as the transaction which exceeded the spending threshold of the Management.Continue reading (Just in)N2.3B Fraud: Reps Probe Nigeria Social Insurance Trust Fund at Vanguard News.
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