The House of Representatives has resolved to investigate the status of the N30 billion recovered from the National Social Investment Programme Agency (NSIPA) between 2024 and 2025.
The probe aims to clear administrative bottlenecks that are currently delaying the restart of critical federal social intervention programmes.
This decision was made on Tuesday following the adoption of a motion of urgent public importance, sponsored by Honourable Saidu Abdullahi, who represents the Bida/Gbako/Katcha Federal Constituency of Niger State.
NSIPA is the agency responsible for implementing the Federal Government’s core social protection initiatives, including the Government Enterprise and Empowerment Programme, the Home-Grown School Feeding Programme, and the Grant for Vulnerable Groups.
These programmes are central to efforts to reduce poverty, boost school enrolment, increase financial inclusion, and support small-scale entrepreneurs.
Persecondnews recalls that President Bola Tinubu had suspended NSIPA operations on January 8, 2024, for six weeks to allow security and anti-graft agencies to conduct a comprehensive investigation into alleged financial irregularities within the scheme.
Moving the motion, Abdullahi noted: “The investigation resulted in the tracing, freezing, and recovery of substantial public funds belonging to the Agency from Deposit Money Banks and Payment Service Providers, including funds appropriated for TraderMoni, MarketMoni, FarmerMoni, and Grants for Vulnerable Groups.”
Abdullahi expressed serious concern, stating that “credible sources” indicate the recovered funds, estimated at over ₦30 billion, have not been remitted into NSIPA’s designated Treasury Single Account (TSA).
He pointed out that this failure to remit the funds is stalling the implementation of crucial programmes, thereby denying millions of intended beneficiaries the vital social and economic support planned by the Federal Government.
Abdullahi further warned that the ongoing delay in releasing these funds is actively undermining the administration’s economic recovery plans.
“We are deeply concerned that the prolonged non-release of these funds undermines the Renewed Hope Agenda by slowing down poverty alleviation efforts, weakening small-scale enterprises, exacerbating hardship in rural and urban communities, delaying local economic stimulation, and eroding public trust in the government’s social protection commitments.”
He also flagged the uncertainty around the management of the recovered funds.
“We are also concerned that the continued uncertainty over the exact location, custodial status, and administrative handling of the recovered funds poses fiscal risks, disrupts programme timelines, and may create institutional bottlenecks across related national social intervention initiatives,” he said.
According to him, despite the lifting of NSIPA’s suspension on January 21, 2025, the agency has been unable to resume full operations.
“We are disturbed that despite the presidential approval lifting the suspension on NSIPA operations… the Agency has been unable to resume full implementation of its programmes, allegedly due to the non-availability of recovered funds expected to have been released, thereby exposing millions of Nigerians to prolonged socioeconomic distress,” he said.
Deputy Speaker Benjamin Kalu, who presided over the plenary, put the motion to a voice vote, and it was unanimously adopted.
Following the adoption, the House resolved to set up an ad hoc committee to investigate the total recoveries made during the 2024–2025 probe, “determine their current status and custodianship, and identify any issues delaying their release to the appropriate agencies.”
The committee is also mandated to interface with relevant agencies and obtain a clear plan from NSIPA on the utilisation of the funds once released. It is expected to report back to the House within four weeks.
Persecondnews recalls that NSIPA became the subject of national scrutiny in 2024 following allegations of large-scale mismanagement of funds running into billions of naira.
Investigators from the Economic and Financial Crimes Commission(EFCC) and other security agencies reportedly uncovered irregular payment channels, diversion of funds meant for TraderMoni, MarketMoni and other poverty alleviation schemes, as well as the use of unapproved financial intermediaries.
The probe also investigated allegations that beneficiaries’ data was manipulated and that funds meant for vulnerable households, school feeding, and microcredit programmes were retained in commercial banks instead of being sent to the Treasury Single Account.
Several officials were suspended, and the agency’s leadership was questioned as part of the inquiry.
Although no final report has been publicly released, the Federal Government confirmed that significant sums were recovered, prompting renewed calls for transparency and proper repositioning of the social investment structure.
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