ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Wednesday, August 19, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Crime Watch

EFCC Freezes N30bn Moved From NSIPA Accounts Over N44bn Fraud

this development comes barely 24 hours after Halima Shehu, the embattled National Coordinator of NSIPA, was detained and arrested by EFCC after her suspension by President Bola Ahmed Tinubu.

by NewsOnline Nigeria
January 4, 2024
in Crime Watch, Headline
0
EFCC Officer

EFCC has frozen the N30bn moved from NSIPA accounts over N44bn fraud.

 

 

NewsOnline Nigeria reports that the Economic and Financial Crimes Commission (EFCC) has tracked and frozen N30 billion of the N44 billion moved from the accounts of the National Social Investment Programme Agency, NSIPA.

 

This Nigeria news platform understands that this development comes barely 24 hours after Halima Shehu, the embattled National Coordinator of NSIPA, was detained and arrested by EFCC after her suspension by President Bola Ahmed Tinubu.

 

ALSO: EFCC Moves To Forcefully Arrest Buhari’s Ex-Minister, Sadiya Umar Farouq

 

A source who spoke anonymously to The Nation revealed on Wednesday that the multiple accounts in which some NSIPA officials moved the anti-graft agency have been frozen as part of an ongoing probe.

 

“After hours of interrogation and profiling of many accounts, the EFCC confirmed that unauthorised N44 billion was suspiciously moved out of NSIPA’s account to some private and corporate accounts”.

 

On Wednesday, EFCC grilled Shehu over the alleged fraud.

The anti-graft commission also arrested NSIPA’s immediate past Director of Finance and Accounts, DFA, Bwai Adamu Hamza.

 

Hamza retired from the agency in December.

Shehu and Hamza were subjected to interrogation yesterday by a special team.

 

To this end, after tracking the cash movement, the EFCC recovered and froze the N30 billion traced to multiple accounts.

 

As of Tuesday, the agency had intercepted and seized N17 billion.

 

Within 24 hours, the commission traced and froze an additional N13 billion in some accounts, raising the cash seized to N30 billion.

 

It was learnt that the N44 billion was suspiciously moved from NSIPA’s accounts into private and corporate accounts linked to those serving as fronts.

 

This comes as Former Humanitarian Affairs, Disaster Management and Social Development minister, Sadiya Umar-Farouq, whom Halima Shehu worked under, shunned the EFCC invitation to appear for interrogation.

 

The EFCC invited Umar-Farouq over the alleged laundering of N37, 170,855,753.44 during her tenure through a contractor, James Okwete.

 

The former minister denied the allegations.

Previous Post

How Wike’s Plan To Embarrass Edison Ehie Forced Him To Resign As Rivers Assembly Speaker

Next Post

CBN Slams Fresh Restriction On Cryptocurrency Transactions

Next Post
P2P Trading Crypto Platforms

CBN Slams Fresh Restriction On Cryptocurrency Transactions

Trending Stories

EFCC Officer

EFCC Freezes N30bn Moved From NSIPA Accounts Over N44bn Fraud

FG ₦50m Loan to Build

How To Apply For FG ₦50m Loan to Build, Buy House at 6% Interest

Ann Mbene, founder and weight loss consultant at HueBeautyGlam

Ann Mbene On Breaking The Weight Loss Stigma in Nigeria

Baltasar Engonga Wife Video Knacking Another Man

Watch Full Baltasar Engonga Wife Video Knacking Another Man [#BaltasarEngonga]

JAMB Past Questions

Download JAMB Past Questions & Answers PDF From 1983 Till Date [All Subjects]

US Judge

BREAKING: US Judge Sets August 21 Deadline in Tinubu Records FOIA Case

Oreofeoluwa Lawal Babalola Biography

Oreofeoluwa Lawal Babalola Biography, The Viral ‘Mummy Calm Down’ Boy

José Mourinho

José Mourinho Returns to Real Madrid, Signs Three-Year Contract Until 2029

Zenith Bank

Zenith Bank Hosts 10th Non-Oil Export Seminar August 25, Unveils Global Speakers

Zoho Executive

Zoho Executive Identifies Five Structural Shifts Nigerian Businesses Need to Scale

Latest Stories

Osasikemwen Ighile

Five Practical Holiday Saving Habits for Nigerian Households By Osasikemwen Ighile

Ann Mbene, founder and weight loss consultant at HueBeautyGlam

Ann Mbene On Breaking The Weight Loss Stigma in Nigeria

Zenith Bank

Zenith Bank Hosts 10th Non-Oil Export Seminar August 25, Unveils Global Speakers

US Judge

BREAKING: US Judge Sets August 21 Deadline in Tinubu Records FOIA Case

FCT Minister Wike

FCT Minister Wike Reveals Why Adeleke Won Osun Governorship Election

José Mourinho

José Mourinho Returns to Real Madrid, Signs Three-Year Contract Until 2029

Zoho Executive

Zoho Executive Identifies Five Structural Shifts Nigerian Businesses Need to Scale

OMO Market

CBN Reopens OMO Market to Nigerians: Will 20% Yields Draw Investors Away From NGX?

FG ₦50m Loan to Build

How To Apply For FG ₦50m Loan to Build, Buy House at 6% Interest

2026 Osun Governorship Election

How Adeleke Defeated APC Federal Might to Win 2026 Osun Governorship Election

NewsOnline 2026

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria