NSITF accounts not audited for seven years, says Ngige

The Nigeria Social Insurance Trust Fund (NSITF) account has not been audited since 2012, Minister of Labour and Employment, Senator Chris Ngige

He spoke just as controversy surrounding headship NSITF) was laid to rest when the Minister finally inaugurated the Austin Isire- led board.

Addressing the board members, Ngige said the process leading to the inauguration has been long and tortuous due to conditions needed to be addressed and resolved. “The criminal investigations by the Economic and Financial Crime Commission and the subsequent Administrative Panel of Enquiry investigations revealed financial atrocities that would go down the annals of history of the NSITF as shameful and monstrous.

“The Auditor General of the Federation had to be requested by us in 2017 when it became clear that there was no Audited Account for the place for five years to undertake the Constitutional periodic check.”

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