Categories: Parliament

Reps seek remittance of N30bn NSIPA recovered funds to TSA

The House of Representatives has called for the remittance of over N30 billion recovered from the presidential inquiry into the financial infractions on the National Social Investment Programme Agency (NSIPA) fund to the Treasury Single Account (TSA).

The resolution followed a motion of urgent national importance moved by Saidu Abdullahi (APC-Niger) during plenary in Abuja on Tuesday, December 2, 2025.

Abdullahi said the ongoing delay in the disbursement of the recovered funds had deepened poverty by disrupting President Bola Tinubu’s Renewed Hope Agenda on poverty alleviation.

He expressed worries that credible sources had indicated that the recovered funds, estimated at over N30 billion, had not been remitted to NSIPA-designated TSA.

This, the lawmaker said, had left millions of prospective beneficiaries without the social and economic support envisioned by the federal government.

The lawmaker said the delay has weakened small-scale enterprises, exacerbated hardship in rural and urban communities, delayed local economic stimulation, and eroded public trust in government’s social protection commitments.

Reps order Tinubu to unfreeze NSIPA’s accounts

Abdullahi said the continued uncertainty over the exact location and administrative handling of the recovered funds posed fiscal risks and created institutional bottlenecks across national social intervention initiatives.

NSIPA is the statutory institution responsible for implementing federal government’s flagship social protection programmes, including Government Enterprise and Empowerment Programme (GEEP).

Tinubu had, on January 8, 2024, in a decisive move to uphold accountability and transparency, suspended NSIPA’s operations for six weeks to allow a comprehensive investigation into alleged financial infractions.

The Deputy Speaker, Benjamin Kalu, who presided over the plenary, referred the motion to relevant committees for further legislative action.

The Star

Segun Ojo

Recent Posts

Trump to review ‘options’ on oil prices: Latest developments in Middle East war

Here are the latest events in the Middle East war on Monday, March 9, 2026,…

4 hours ago

Abdul Samad Rabiu emerges Africa’s biggest wealth gainer as networth hits $11.2bn — Forbes

Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in…

4 hours ago

FA Cup draw: Man City host Liverpool as Arsenal face Southampton in quarter-finals

The draw for the FA Cup quarter-final for the 2025-26 season has been made, as…

5 hours ago

Zedvance disburses ₦96bn in commercial loans, targets ₦250bn funding in 2026

Zedvance Finance Limited, a Nigerian provider of consumer and business financing solutions, has disbursed more…

5 hours ago

UBA business series to spotlight new generation of female leaders

United Bank for Africa (UBA) Plc is set to host a special edition of its…

6 hours ago

Senate deputy minority leader Lere Oyewumi defects from PDP to Accord Party

The Senator representing Osun West, Lere Oyewumi, has officially defected from the Peoples Democratic Party…

6 hours ago

This website uses cookies.