NewStats: 3,262,372 , 8,176,945 topics. Date: Monday, 02 June 2025 at 03:01 AM 5p1u13

The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in commercial banks due to the alleged failure to link the holding the funds to a Bank Verification Number and the Treasury Single policy of the Federal Government.

The committee is particularly probing the over 45 million s said to be holding funds amounting to over N1.2th.

The House had on January 26, 2022, resolved to set up the committee to investigate the “suspicious and unclaimed funds” sitting with various s.

The House had mandated the committee to also investigate the unremitted funds collected on behalf of ministries, departments and agencies of the Federal Government by the banks.

The House had further mandated the committee to look into the alleged “several infractions by the Central Bank of Nigeria against the provisions of the enabling Act and Laws of the Federal Republic of Nigeria and the good people of Nigeria, especially in the area of intervention projects and programs.”

The committee is to report back within eight weeks for further legislative action.

These resolutions were based on a motion moved by a member, Dachung Bagos, titled ‘Need to Investigate Unclaimed Funds in Nigerian Commercial Banks and the Infractions by the Central Bank of Nigeria,’ which the lawmakers unanimously adopted.

On Monday, the committee was inaugurated with several invited ministries, departments and agencies of the Federal Government as well as banks in attendance.

The Chairman of the committee, Unyime Idem, after representatives of the MDAs made their remarks, said, “For commercial banks, this resolution stipulates that you submit documents that would help us recover unclaimed funds in about 45 million s that are not linked to the BVN.

“About 45 million s are what the House has been able to discover through the recent reports. Those s are not linked to BVN. So, money in those s, we want to know the positions, whether you have refunded the FG or what happened to the funds. You are going to give us documents to back these investigations.”

According to Idem, the committee’s assignment is “enormous, crucial and sensitive, given what the country is facing economically.”

He said, “We believe that the outcome of it (probe) would help the country to recover a very substantial part of the unclaimed funds that have been hanging in some of the Nigerian commercial banks and other unauthorised hands.”

https://punchng.com/reps-probe-45-million-s-without-bvn-with-n1-2tn-deposit/

here is the end of the story,no one will be charged

45 million unclaimed bank s? Chei!
Too much money in this country, walahi!

Banks are the main culprits in the Nation's corruption saga.
Most Nigeria banks and bankers thrive on corrupt proceeds as they serve as conduit and warehouse alike.

Na still politicians own those s.wen most nigerians balances na 0.00naira.

What will come out of the probe?

Isn't it same prove they've been doing and we've not seen results?

They better tidy up all lose ends and give us definite results of the various probe they've been doing.

My people be on alert o...polithiefcian go soon transfer money come hide for your

Withdraw all na your own national cake

Okay na

N1.2tr. I see reps blocking those s, I see them withdrawing the money and borrowing it to Buhari since Europe, China and world bank has stopped giving him loans.

This I have seen.

Mine has BVN with no money in it.... Life is so unfair

Slush funds with ghost ownership.........

donbachi:
Na still politicians own those s.wen most nigerians balances na 0.00naira.

Some of them may be owned by dead people. I have 4 abandoned bank s

WHERE are the NAMES of the TERRORISTS sponsors in Nigeria whose s have been constantly used to move funds for TERRORISTS

USELESS REPS, Always chasing shadow

When we shout Fee Dee Fee it's because some of us know what we know due to all we saw in-house and couldn't blow whistle due to the collateral damage. Blood is still thicker than water. Buhari spoil business but the real looters are waiting impatiently. A huge chunk of every dime originated within Nigeria is circulated from the seat of power in Abuja where allocations are shared. The rest is dominated by Diaspora money. Una never see anything yet from our politicians. Make stingy Buhari comot first.

Find the strongest party in your locality and your local ward meeting every week. Yes, they meet weekly while you keep doing useless American & British political analysis on top Naija politics on Nairaland. For 2023, it's already too late to start a viable alternative. Attack from within! These people no send you.

Abeg mek e reach us oo Make dem borrow me 150k make i start pos business..

dre11:



https://punchng.com/reps-probe-45-million-s-without-bvn-with-n1-2tn-deposit/

Time up for Emefiele , that sly thief .

It's mostly looted and stolen funds from FG.

Return the money back to the FG afterall the government is broke..

The Reps might even be one of the s owner.

Banks are not doing what they ought to be doing oo... Why not use the money to build estate and mortgage it. Or give loan to small startup business.

Probe without proven

.


When those mumu called EFCC only focus on Yahoo boys only, a stolen fund recovered from a politician is 200 times begger than money recovered from Yahoo boys.


.

Freeze s

Chai

blesson04:
.


When those mumu called EFCC only focus on Yahoo boys only, a stolen fund recovered from a politician is 200 times begger than money recovered from Yahoo boys.


.

Oga keep kwayet.... Every yahoo boy should be gunned down

obyrich:
Some of them may be owned by dead people. I have 4 abandoned bank s

So you are a dead man with 4 s but without Kobo in it

thieves

make una leave people money

those people fit de abroad de save small small

Hope they will prove those with negative balances as well.

donbachi:
Na still politicians own those s.wen most nigerians balances na 0.00naira.