Again, EFCC Recovers For NHIS, N900m Withheld By Some Banks

Again, EFCC Recovers For NHIS, N900m Withheld By Some Banks

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The Economic and Financial Crimes Commission (EFCC), has recovered an additional sum of N900 million for the National Health Insurance Scheme (NHIS).

The sum was part of monies that some Deposit Money Banks fraudulently withheld since 2015, and refused to remit into the NHIS’ Treasury Single Account (TSA).

According to a statement signed by the EFCC spokesperson, Wilson Uwujaren, the recovered funds were released to NHIS on 8th February 2023, two days to one year, when the Commission, on February 10, 2022, also released the sum of N1.5 billion (One billion Five Hundred Million Naira) recovered from the banks to the NHIS.

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This is in addition to the N1. 4 billion (One Billion, Four Hundred Million Naira) earlier released to the Scheme on 5th August 2022.

The Executive Secretary of NHIS, Professor Muhammad Nasir Sambo, had on 29th July 2021 commended the Commission for assisting the Scheme in the recovery of funds fraudulently trapped in the vaults of some commercial banks.

PBA Reporter
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