EFCC Freezes ₦‎30 Billion NSIPA Cash Traced To Private Accounts

The Economic and Financial Crimes Commission (EFCC) has tracked N30 billion of the N44 billion moved from the accounts of the National Social Investment Programme Agency (NSIPA).

The multiple accounts to which the funds were moved by some NSIPA officials have been frozen by the anti-graft agency as part of an ongoing probe.

It was learnt that the N44 billion was suspiciously moved from NSIPA’s accounts into private and corporate accounts linked to those serving as fronts.

Some of the officials of the agency have been undergoing investigation.

For hours yesterday, EFCC interrogators grilled the suspended National Coordinator/Chief Executive Officer (CEO) of the agency, Halima Shehu.

The anti-graft commission also arrested NSIPA’s immediate past Director of Finance and Accounts (DFA), Mr. Bwai Adamu Hamza.

Hamza retired from the agency in December.

Credit: Prince Epeni B Donokoromor