The deficits recorded by NIB continue into 2023.

Source: https://www.bahamaspress.com/increase-in-benefit-expenses-reduction-in-contributions-fuel-nib-increase-in-order-to-preserve-funds-sustainability/

The most notable change in Laroda’s ministerial portfolio was the transfer of the National Insurance Board (NIB) to Alfred Sears, who now serves as Minister of Immigration and National Insurance.

Source: https://www.bahamaspress.com/minister-myles-laroda-takes-control-over-major-corporation-decisions-in-the-davis-government/

Whereas the NIB probe was carried out by the executive arm of government, that of Parliament is being done by the legislature and could lead to some reforms being proposed by the House.

Source: https://theheraldghana.com/why-national-security-minister-has-been-summoned/