Audit observed during the examination of motor vehicles’ records and a follow up physical inspection that one (1no) Toyota Camry with registration number 10Q-79FG (RBC056PX) and chassis number JTNBF4FK603004331, acquired by NSITF in 2014 at the cost of N6,650,000.00 could not be produced for audit inspection on the excuse that the vehicle is retained by the Federal Ministry of Labour and Employment.
This practice is viewed as undue interference in the activities and operation of the Fund by the parent ministry in contravention of the Establishment Circular above which prohibits Supervising Ministries from interfering in the finances of Parastatals under her.
The Managing Director is required to ensure prompt retrieval of the vehicle to the pool of the Fund.
Furthermore, requests for allocation of Fund vehicles to the Parent Ministry and non-staff of NSITF should henceforth not be entertained. Sanctions in line with FR 3129 should apply.
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