House of Representatives’ Committee on Finance has placed the National Social Insurance Trust Fund (NSITF) on status enquiry from 2018 till date.
This is sequel to inconsistencies in the submissions by the agency to the committee at the ongoing investigation to monitor revenue by ministries, departments and agencies (MDAs) of the federal government.
The managing director of NSITF, Maureen Allagoa, appeared before the committee but delegated the responsibility to make the submission to the director of finance and administration, Adedeji Adegoke.
The committee queried the agency over discrepancies in the submissions 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 comprehensively the true position of the workings of your agency.
“The status enquiry is from 2018 to date. This means a comprehensive analysis of all their records. Get ready we are coming and can request for any relevant documents anytime. We would not be giving you notice. Reconcile all your records,” chairman of the committee, James Faleke ruled.
Also at the hearing, the chairman of the Fiscal Responsibility Commission (FRC), Victor Mururako, said they had no record of remittances, noting that: “Ours is just a plea as regards their remittance to the purse of the government, which is the CRF.
“As a corporation, we are obligated by law to remit operating surplus and we have evidence that we have remitted all that should be remitted,” he said.
Faleke directed the NNPCL to reconcile its accounts and give feedback Wednesday next week.