EFCC Recovers N1.4 Billion NHIS Fund

According to the statement, the money which was released to the NHIS on August 5, 2022, was part of the funds which some commercial banks fraudulently refused to transmit to the Treasury Single Account, TSA, since 2015.

Recalled that on February 10, 2022, the Commission had returned the sum of N1.500, 000,000 (One billion five hundred million naira) to the scheme.

The said money, according to EFCC, was part of the fund some commercial banks refused to transmit to the Treasury Single account since 2015.

In his words: “On February 10, 2022, EFCC returned the sum (One Billion, Five Hundred and Fifty Million Naira) to the National Health Insurance Scheme, NHIS.

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

In a similar case, the Commission had earlier on September 16, 2021, released N1, 300,000,000, recovered from the banks to the agency.