NHIS cash: Council seeks CBN’s intervention

Worried by conflicting figures on the diverted and invested funds of the National Health Insurance Scheme (NHIS), the Governing Council of the agency has asked the Central Bank of Nigeria (CBN) to intervene on the involvement of 17 banks.

Executive Secretary/ Chief Executive Officer Prof. Usman Yusuf claimed that N720billion could not be accounted for. Auditors said N138billion was trapped in 17 banks.

Some NHIS workers yesterday faulted the Executive Secretary, saying only N405billion was released to the agency in 12 years.

Based on the conflicting figures, the Governing Council will meet next week to take a decision on the query given to the NHIS Executive Secretary and how he arrived at “invested” N720billion, which could not be accounted for.

The Nation, July 20, 2018

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now