EFCC Investigates Alleged N44 Billion Fund Transfer: Freezes N30 Billion in NSIPA Probe

---

The Economic and Financial Crimes Commission (EFCC) has ramped up its investigation into the National Social Investment Programme Agency (NSIPA), seizing N30 billion amidst a probe into the alleged transfer of N44 billion from the agency’s accounts.

Sources privy to the investigation revealed that EFCC operatives traced a substantial portion of the N44 billion to multiple private and corporate accounts. These accounts are believed to be directly linked to a suspicious movement of funds orchestrated by key officials within NSIPA, purportedly using proxies as intermediaries.

In a significant turn of events, Halima Shehu, the suspended National Coordinator/Chief Executive Officer of NSIPA, faced extensive questioning by EFCC personnel on Wednesday. Simultaneously, the EFCC made a high-profile arrest, detaining Bwai Adamu Hamza, the former Director of Finance and Accounts at NSIPA, who recently retired from the agency in December.

• Tinubu suspends Halima Shehu as NSIPA boss
• SAN Urges Tinubu to Probe Past Administrations
• <em>Nigerians’ Voices Heard: Tinubu Announces </em>Review of<em> N8,000 Palliative Package</em>
• Mbappe’s Transfer Saga Sparks Reactions from Athletes Worldwide
• Chelsea Begin Swap Deal Talks with PSG Over Mbappe

• Tinubu Suspends N-Power, other Social Investment Programmes
• Former Minister of Power Arraigned for $6billion Fraud
• I will defend ICPC cases in court — ICPC Chairman
• FG Probes Private Universities Amidst Certificate Racketeering Allegations
• 2023 Triumphs: Nigerian Army’s Operations Dismantle 233 Illegal Refineries and Recover 356 Arms
• President Tinubu Dismisses Alexander Okoh , Other Heads of Key Federal Agencies
• EFCC Investigates Alleged N44 Billion Fund Transfer: Freezes N30 Billion in NSIPA Probe

Meanwhile, former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouq, found herself in the spotlight as she declined to attend the EFCC summons regarding allegations of laundering a staggering N37,170,855,753.44 during her tenure. The accusations surfaced regarding financial dealings allegedly involving a contractor named James Okwete. Umar-Farouq vehemently refuted these claims.

This latest development intensifies the spotlight on NSIPA’s financial activities, painting a picture of potential irregularities and misuse of funds. However, official statements from the EFCC and the individuals implicated in the investigation are yet to be obtained.

As the investigation progresses, the EFCC’s actions signal a proactive stance in unraveling the complexities surrounding the alleged financial improprieties within NSIPA.

---