NSITF unaudited account for 13 years: Reps ask EFCC to prosecute NSITF DGs, DFAs


…To refund money received and misused during these period
Apparently peeved by the deliberate refusal of Nigeria Social Insurance Trust Fund, NSITF to render an audited account for 13 years, the house of representatives on Monday directed the Economic and Financial Crimes Commission, EFCC to prosecute the agency’s Director General and its Directors of Finance and Administration.
The Wole Oke led Public Accounts Committee, PAC made this declaration while in session .
He said the practice negates all tenets of financial regulations as captured in the constitution.
In its report the Auditor General Desk confirmed the NSITF last rendered its audited account in 2005, leaving 2006 to 2018 still outstanding.
“On Thursday 20th February 2020 the Minister of Labour and Employment was invited to appear at the hearing on the issue but was represented by the Permanent Secretary, Mr William Aloh as the Minister was away to attend the burial of the late Chairman of Senate Committee on Labour and Employment, Imo State.”
However in its recommendation, the Committee frowned at this worrisome attitude of the Fund for refusing to render its audited accounts for 13 years yet benefited from the Federal Treasury, recommended that:
“All Director Generals of the Fund and their DFAs (past and present) as well as various External Auditors from 2006 till now should be handed over to the EFCC in line with FR No. 3129 for further prosecution to compel them to refund all money received and misused by the officers.”

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