EFCC Recovers N1.4bn NHIS Fund

The Economic and Financial Crimes Commission (EFCC) on Tuesday said it had recovered an additional sum of one billion, four hundred million Naira (N1.4 billion) for the National Health Insurance Scheme (NHIS).

The anti-graft agency, in a statement by its Head, Media and Publicity, Wilson Uwujaren, said 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.

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

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

“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″, said Uwujaren 

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