The House of Representatives Committee on Finance has placed the National Social Insurance Trust Fund (NSITF ) on a special probe scrutinising its documents from 2018 till date.
The chairman of the committee, James Faleke, said this is the ongoing probe of revenue leakages in government Ministries, Departments and Agencies(MDAs) in Abuja on Tuesday.
Faleke said that the committee noticed discrepancies in the submissions by NSITF and resolved to place it on status enquiry.
“In view of the various submissions available to us as a committee and the discrepancy noticeable in all of your submissions I hereby move that a status enquiry be set to know the workings of your agency.
“The status inquiry is from 2018 to date, which means NSITF should get a comprehensive analysis of all its records.
“We are coming and can request for any documents anytime and we would not be giving you notice. Reconcile all your records,” he said.
The Managing Director of NSITF, Mrs Maureen Allagoa, who appeared before the committee, delegated the responsibility to make their submission to the Director, of Finance and Administration, Mr Adedeji Adegoke.
The job of NSITF is to provide compensation to insured employees in case of work-related diseases, disability, injuries, or death. This holds when such a demise happens in the workplace or outside it.
The Act further mandated the Nigeria Social Insurance Trust Fund (NSITF) to set up its own PFA to compete with other PFAs in the emerging pensions industry and manage the accumulated pension funds of current NSITF contributors.
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