Corruption and Underdevelopment

EFCC recovers NHIS’s N1.4bn from commercial banks

By Paul Michael

Economic and Financial Crimes Commission (EFCC) has again recovered about N1.4 billion for the National Health Insurance Scheme (NHIS).

The money was recovered from some commercial banks that refused to transmit to the Treasury Single Account (TSA) since 2015, Wilson Uwujaren, spokesperson for the commission said on Tuesday.

Uwujaren further disclosed that the recovered money was released to the NHIS on August 5, 2022 by the commission.

EFCC recovers NHIS's N1.4bn from commercial banks
EFCC recovers NHIS’s N1.4bn from commercial banks

Recall that the Commission had in a similar fashion on February 10, 2022, released a sum of N1.5 billion to the Management of the Scheme.

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“The Economic and Financial Crimes Commission, EFCC, on February 10, 2022 returned the sum of N1, 550,000.000 (One Billion, Five Hundred and Fifty Million Naira) to the National Health Insurance Scheme, NHIS.

“The fund is part of monies which some commercial banks fraudulently withheld and refused to transmit to their Treasury Single Account, TSA, since 2015.


“The Commission had earlier on September 16, 2021 released N1, 300,000,000, also recovered from the banks to the Agency,” the Commission earlier stated on its website.

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