Termites ate N17bn vouchers in our office – NSITF MD tells Senate Cmttee
Dr Michael Akabogu, the managing director of Nigeria Social Insurance Trust Fund ( NSITF), has told the Senate Public Account Committee that termites ate up vouchers for N17billion expenditure.
He told the committee that the termites infiltrated the documents kept inside a container in the agency’s office.
“The container the said documents were kept by past management has not only been weather beaten over the years but even possibly being eaten up by termites.
“As directed by this committee, I told the past management officers on the need for them to help us out in answering this query with necessary documents which have not been made available to us,” he said.
The Senate Committee is probing illegal transfer of N17bn from First Bank and Skye Bank to personal accounts and companies.
The committee said it is hinging its investigation on 2018 Auditor General’s report.
According to the report, the N17 billion was illegally transferred between 2010 and 2016 under the leadership of Mallam Umar Munir Abubakar.
Irked by Akabogu’s claim, the committee chairman, Senator Urhoghide , insisted the documents should be produced unfailingly on Thursday , September 22, 2022.
“This committee has given you people more than enough time to respond to queries slammed on NSITF in the 2018 Audit report by the office of Auditor General of the Federation.
“The queries are 50 in number ranging from one misappropriation to the other in billions of Naira. The one on N17.158billion multiple transfers carried out in 2013 has not been answered at all, not to talk of N5.5billion allegedly diverted into a commercial bank account without approval, N2.2billion unauthorized investment without adequate records, etc.
“These are completely unacceptable and the committee will make sure that these queries are sustained if required evidential documents on monies spent or misappropriated are not provided,” he said.
