New Telegraph

‘New NSITF mgt not under Senate probe’

The Nigerian Social Insurance Trust Fund (NSITF) has said its new management is not under probe by the Senate for an alleged N62 billion fraud. The Fund clarified that what the Public Accounts Committee of the Senate was probing is the cumulative actions and inactions, financial malfeasance and infractions by the two past management teams of the agency between 2013 and 2020, which the Office of the Auditor General of the Federation had earlier raised audit alarm. A statement signed by NSITF’s Deputy General Manager, Corporate Affairs, Alexandra Mede, and made available to journalists yesterday in Abuja, said the clarification had become necessary, given what she described as “uninformed views”, making the round in “a section of the media”. According to her, it was purely an exercise of the statutory oversight function of the National Assembly, even though the financial infractions and malfeasance have been appropriately and variously dealt with by the Economic and Financial Crimes Commission (EFCC) and the supervising Ministry of Labour and Employment. She said: “The new management of the NSITF, which came into office on June, 1, 2020 has of course submitted itself and all documents requested by the Senate to assist in this oversight, knowing full well that government is a continuum.

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