NSITF Dismisses N297 Billion Fraud Allegations as False

The Nigeria Social Insurance Trust Fund (NSITF) has categorically rejected allegations of financial misconduct amounting to N297 billion, which were made by a coalition of civil society organizations. Alexandra Mede, head of corporate affairs at NSITF, described the claims as unfounded and a deliberate misrepresentation of facts.

The allegations, which include claims regarding multiple bank accounts, remain unproven and are currently under investigation. NSITF emphasized that there is no managerial crisis or mass resignations within the organization, clarifying that any staff departures were voluntary and in accordance with public service rules.

The management welcomed an independent audit by PricewaterhouseCoopers (PwC) and reaffirmed its commitment to transparency and accountability. NSITF urged the Nigerian public to assess the allegations critically and called for appropriate regulatory oversight of civil society organizations to ensure factual accuracy in public discourse.