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Return recovered N32.7b, $445,000 loot to NSIPA – Falana to EFCC

by Present Nigeria
August 25, 2025
in News
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Falana: Security Agencies Could Have Prevented Igangan Attack
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Senior Advocate of Nigeria and human rights lawyer, Femi Falana, has urged the Economic and Financial Crimes Commission (EFCC) to transfer N32.7 billion and $445,000—recovered from officials of the Ministry of Humanitarian Affairs, Disaster Management and Social Development—to the National Social Investment Programme Agency (NSIPA) for proper utilization.

Falana, who chairs the Alliance on Surviving Covid-19 and Beyond (ASCAB), said the funds were originally approved by the President for the National Social Investment Programme (NSIP), which covers school feeding, N-Power, conditional cash transfers, and small business support under the Government Enterprise and Empowerment Programme (GEEP).

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He noted that while the EFCC has recovered the full amount alongside an additional $445,000, the money has not yet been redirected to NSIPA, despite the Commission’s stated policy of returning recovered funds for their intended purposes.

“We commend the EFCC and urge it to intensify efforts to recover the outstanding N20 billion still unaccounted for. But more importantly, the recovered N32.7 billion and $445,000 should be transferred to the National Social Investment Programme Agency to help alleviate the hardship faced by over 133 million multi-dimensionally poor Nigerians,” he said.

Falana also called on federal, state, and local governments to scale up their contributions to the programme, pointing to recent increases in government revenue.

He insisted that social protection initiatives must be funded meaningfully rather than through token measures.

His remarks come amid growing demands for transparency and accountability in the management of Nigeria’s social welfare funds, following several high-profile corruption scandals in the sector.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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