The management of the Nigeria Social Insurance Trust Fund is set to appear before the Senate Public Accounts Committee on Tuesday over N61.1billion issued to it by the Auditor General for the Federation.
The SPAC is scrutinizing the 2018 AuGF report, which shows the NSTIF management may have been diverting funds in the sum of N61.1bn.
The AuGF’s query alleged that the NSTIF diverted N5.5bn from its account to Zenith Bank, Punch reports.
The Chairman of the Committee, Senator Matthew Urhoghide at the last sitting of the panel told the newly appointed Managing Director of the NSTIF, Michael Akabogu that the agency had over 50 queries to respond to before the committee.
The senator said, “The NSTIF queries remained the highest in the 2018 AuGF report.”