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

Airtel, First HoldCo top gainers’ chart as stock market investors gain N835bn

The Nigerian stock market closed on a bullish note on Tuesday, June 9, 2026, recording…

12 minutes ago

Osun guber: Adeleke, APC trade blame over attacks

Osun State Governor Ademola Adeleke and the All Progressives Congress (APC) on Tuesday traded accusations…

21 minutes ago

NCC: Telecom operators deploy 12,000 new sites, compensate 75m subscribers

The Nigerian Communications Commission (NCC) has disclosed that mobile network operators have concluded plans to…

25 minutes ago

Obi threatens Kenneth Okonkwo with ₦5bn lawsuit over bribery allegations

Peter Obi, former Governor of Anambra State and presidential candidate of the Nigeria Democratic Congress…

1 hour ago

Court documents detail N40bn fraud scheme by ex-Bauchi Accountant-General

Fresh court filings have revealed details of an alleged N40 billion fraud involving former Bauchi…

1 hour ago

Tinubu commissions Abuja expressway, declares end to abandoned projects

President Bola Ahmed Tinubu on Tuesday commissioned the main carriageways of the Outer Southern Expressway…

1 hour ago

This website uses cookies.