The Nigeria social insurance trust fund on Friday gave an explanation that is still in consideration

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The Nigeria social insurance trust fund on Friday gave an explanation that is still in consideration about their spending.
Termites have allegedly eaten up some documents of the Nigeria Social Insurance Trust Fund (NSITF) containing expenditures worth N17.1 billion, officials of the agency have told the Senate.
These stated documents are said to contain an explanation of spendings done by the Nigeria social insurance trust fund in 2013.
The NSITF management stated this when it appeared before the Senate Public Accounts Committee (SPAC) on Friday when they met.
Details of this expenditure and more are contained in the 2018 audit report of the Office of the Auditor General of the Federation (OAuGF).
In the report, which is now being considered by the SPAC, the OAuGF queried the agency for spending billions without appropriate supporting documents.

The management could not justify the spending of the money when it was confronted by the panel.

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