Banking

EFCC recovers N1.5bn from banks, returns money to NHIS

The Economic and Financial Crimes Commission (EFCC) has returned the sum of N1,550,000,000 to the National Health Insurance Scheme (NHIS).

The money was returned to NHIS on February 10, 2022, according to the commission’s spokesman, Wilson Uwujaren.

The fund is part of monies which some commercial banks fraudulently withheld and refused to transmit to their Treasury Single Account (TSA) since 2015.

The anti-graft agency had on September 16, 2021 released N1.3 billion also recovered from the banks to the agency.

TheStar

Editor

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