The House of Representatives Committee on Finance has placed the National Social Insurance Trust Fund (NSITF) under special scrutiny, examining its documents from 2018 to date. This move is part of the ongoing probe into revenue leakages in government MDAs, which aims to ensure transparency and accountability in the management of public funds.
Rep. James Faleke, the committee chairman, announced the scrutiny during a session in Abuja on Tuesday. Faleke expressed concerns over discrepancies in NSITF’s submissions, prompting the need for a status inquiry to understand the agency’s operations. The committee is determined to get to the bottom of the discrepancies and ensure that the NSITF is operating in accordance with its mandate.
House of Representatives: Discrepancies in NSITF Submissions
The NSITF has been submitting its documents to the House of Representatives Committee on Finance since 2018, but discrepancies in these submissions have raised eyebrows. The committee has identified inconsistencies in the agency’s financial reports, which warrant further investigation. The National Social Insurance Trust Fund is responsible for managing the Employees’ Compensation Fund, and any discrepancies in its submissions could have serious implications for the management of this fund.
The committee is taking a closer look at the NSITF’s submissions to ensure that the agency is operating transparently and accountably. The scrutiny is expected to uncover any irregularities in the agency’s financial management and ensure that the NSITF is fulfilling its mandate to manage the Employees’ Compensation Fund effectively.
House of Representatives: Status Inquiry to Understand NSITF Operations
The House of Representatives Committee on Finance has launched a status inquiry to understand the operations of the NSITF. The inquiry aims to uncover the reasons behind the discrepancies in the agency’s submissions and ensure that the National Social Insurance Trust Fund is operating in accordance with its mandate. House of Representatives committee is determined to get to the bottom of the discrepancies and ensure that the NSITF is transparent and accountable in its financial management.
The status inquiry is a significant step towards ensuring transparency and accountability in the management of public funds. House of Representatives committee is expected to uncover any irregularities in the NSITF’s operations and recommend measures to improve the agency’s financial management.
House of Representatives: James Faleke Calls for Transparency and Accountability
Rep. James Faleke, the chairman of the House of Representatives Committee on Finance, has called for transparency and accountability in the management of public funds. James Faleke expressed concerns over the discrepancies in the National Social Insurance Trust Fund’s submissions and emphasized the need for the agency to operate transparently and accountably. The committee is determined to ensure that the NSITF is fulfilling its mandate to manage the Employees’ Compensation Fund effectively.
James Faleke’s call for transparency and accountability is a significant step towards ensuring that public funds are managed effectively. The committee’s scrutiny of the NSITF is expected to uncover any irregularities in the agency’s financial management and recommend measures to improve transparency and accountability.
House of Representatives: Probe into Revenue Leakages Continues
The probe into revenue leakages in government MDAs continues, with the House of Representatives Committee on Finance scrutinizing the National Social Insurance Trust Fund’s documents from 2018 to date. The committee is determined to uncover any irregularities in the management of public funds and ensure that government agencies are operating transparently and accountably.
The probe is a significant step towards ensuring transparency and accountability in the management of public funds. The committee’s scrutiny of the NSITF is expected to uncover any irregularities in the agency’s financial management and recommend measures to improve transparency and accountability.
House of Representatives: National Social Insurance Trust Fund to Cooperate with Investigation
The NSITF has pledged to cooperate with the House of Representatives Committee on Finance in the ongoing investigation. The agency has assured the committee of its commitment to transparency and accountability in its financial management. The NSITF is expected to provide all necessary documents and information to the committee to facilitate the investigation.
The National Social Insurance Trust Fund’s cooperation with the investigation is a positive step towards ensuring transparency and accountability in the management of public funds. House of Representatives committee’s scrutiny of the agency is expected to uncover any irregularities in its financial management and recommend measures to improve transparency and accountability.
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