TERMITES DESTROYED DOCUMENTS ON ALLEGED N17 BILLION FRAUDULENT BANK TRANSFERS BY OUR OFFICIALS: NSITF

The Nigeria Social Insurance Trust Fund (NSITF) has alleged that termites ate up documents justifying the spending of N17.158 billion by the agency's current and past management.

During his appearance before the Senate committee probing the agency over funds mismanagement, NSITF's managing director, Michael Akabogu, said rain could also have destroyed the documents.

According to him, the container the documents were kept was abandoned in an isolated area on the agency's premises in Abuja.

"The container where the said documents were kept by past management has not only been beaten by rains over the years but even possibly been eaten up by termites". he told the panel.

The committee began its probe following a query by the Office of the Auditor-General of the Federation in its 2018 audit report.

The office said the N17.158 billion represented the total money the agency transferred from its Skye and First Bank accounts into various untraceable accounts belonging to individuals and companies between January and December 2013.