ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

EFCC recovers N5.4bn ‘trapped’ in banks for NHIS

by Usman Kadri
August 16, 2022
Reading Time: 1 min read
Anti-Corruption fight: Understanding the theory of 'one law for the friend, another for the foe'
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

The Economic and Financial Crimes Commission (EFCC) says it has recovered an additional N1.4 billion for the National Health Insurance Scheme (NHIS).

In a statement on Tuesday, Wilson Uwujaren, EFCC spokesman, said the anti-graft agency transferred the funds to the NHIS on Friday, August 5.

“The money which was released to the NHIS on August 5, 2022, is part of the funds which some commercial banks fraudulently refused to transmit to the Treasury Single Account, TSA, since 2015,” Uwujaren said.

RELATED STORIES

Ponzi Operator, Adonu Kingsley Ifeanyi docked over N10.013bn fraud

Ponzi Operator, Adonu Kingsley Ifeanyi docked over N10.013bn fraud

June 20, 2025
Anti-Corruption fight: Understanding the theory of 'one law for the friend, another for the foe'

EFCC arraigns Ibrahim Abubakar on alleged N5bn fraud

June 19, 2025

In July 2022, the EFCC recovered an initial N5.4billion for the scheme.

“In total, the EFCC has been able to recover about N5.4billion for us out of the N12.085b that has been trapped; this is a monumental achievement and that is why we will ensure that we remain good partners to the EFCC,” Nasir Sambo, executive secretary of the NHIS, had said.

In September 2021, the commission released N1, 300,000,000, also recovered from the banks, to the scheme.

Similarly, on February 10, 2022, the commission returned N1.5 billion to the NHIS.

Next Post
Unity Bank launches Yanga market penetration campaign

Unity Bank launches Yanga market penetration campaign

More Articles...

Ponzi Operator, Adonu Kingsley Ifeanyi docked over N10.013bn fraud

Ponzi Operator, Adonu Kingsley Ifeanyi docked over N10.013bn fraud

June 20, 2025
PalmPay, Glo unveil ‘Recharge and Win Bonanza 2’ to reward customers

PalmPay, Glo unveil ‘Recharge and Win Bonanza 2’ to reward customers

June 19, 2025
Access Bank begins N194bn commercial paper sales

Forbearance: Access Bank assures shareholders, says it’ll exit conditions by June

June 19, 2025
Anti-Corruption fight: Understanding the theory of 'one law for the friend, another for the foe'

EFCC arraigns Ibrahim Abubakar on alleged N5bn fraud

June 19, 2025
Don Julio Elevates Celebration Culture with Exclusive Paloma Day Event

Don Julio Elevates Celebration Culture with Exclusive Paloma Day Event

June 19, 2025
Ilorin Durbar 2025: A grand convergence of culture, heritage, and community brands invited to join the 2026 legacy

Ilorin Durbar 2025: A grand convergence of culture, heritage, and community brands invited to join the 2026 legacy

June 19, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport