EFCC Recovers N900m From Banks Withheld Since 2015 For NHIS

The National Health Insurance System, or NHIS, has been given an additional N900 million by the Economic and Financial Crimes Commission, or EFCC after several banks refused to send the money to the Program.

Wilson Uwujaren, the EFCC’s head of media and publicity, made this announcement in a statement on Saturday.

He claims that some banks have been fraudulently holding back the recovered funds by refusing to deposit them into the NHIS’ Treasury Single Account (TSA) since 2015.

However, the EFCC spokeswoman stated that on February 8, 2023, the cash was released to NHIS following the recovery.

According to the EFCC, it also released the N1.5 billion it had similarly collected from several banks to the NHIS on February 10, 2022.

In the announcement, Uwujaren claimed that “NHIS Executive Secretary Professor Muhammad Nasir Sambo had complimented the Commission on July 29, 2021, for helping the Scheme in the recovery of cash fraudulently withheld in the vaults of several commercial banks.”,

The anti-graft organization claimed that this was in addition to the N1.4 billion it had already recovered and given to the Scheme on August 5, 2022.

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