Sunday, 28th May 2023
<To guardian.ng
Search

Termites eat spending vouchers worth N17.1bn at NSITF

By Guardian Exclusive
17 August 2022   |   1:52 pm
Officials of the Nigeria Social Insurance Trust Fund (NSITF) currently being questioned by the Nigerian Senate have claimed that some of the payment vouchers relating to the transfer of the sum of 17.16 billion in 2013 have been eaten up by termites.

Related

4 Mar
The government has argued that by getting rid of "Great Prayer Day" as a public holiday, more funds will be generated to flow into public spending and boost defense. Thousands have protested the move.
6 Mar
Bola Ahmed Tinubu, winner of Nigeria's presidential election, will have to face countless issues in Nigeria. On the list: the economy, insecurity and a young, hopeless generation leaving the country. But how will he manage?
5 Mar
The country's top court ordered the government to extend a deadline for citizens to swap old bills for new ones. A judge said the president had behaved like a "dictator" in his rush to carry out the banknote redesign.
5 Mar
A new poll in Germany suggests six people in 10 would approve of investing more still in the armed forces, even if it meant making cuts elsewhere or borrowing. They were much less keen on giving up a bank holiday for it.
5 Mar
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
12 Mar
As the National People's Congress opened this year's session, China set an economic target of "around 5%" — one of the lowest in decades — and announced a 7.2% increase in its defense budget.
7 Mar
There seems to be no respite in the rising cost of airfares for domestic air passengers as airlines say aviation fuel remains at an average of around 800 naira per litre coupled with forex scarcity issues among other operational costs.
7 Mar
Bola Ahmed Tinubu, winner of Nigeria's presidential election, will have to face countless issues in Nigeria. On the list: the economy, insecurity and a young, hopeless generation leaving the country. But how will he manage?
10 Mar
Six people were killed and dozens injured when a train crashed into a passenger bus in Lagos, Nigeria on Thursday, said the emergency response agency.
18 Mar
The Senate has approved President Emmanuel Macron's pension reforms, but the bill will be adjusted ahead of a final vote. Protesters say time is running out to oppose the changes.
20 Mar
Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣
24 Mar
A new generation of talented forex traders in Nigeria is learning the moves of the industry — and fast! We find out why this unconventional business model is giving hope to young Nigerians.