Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Business»EduGate: New Document Reveals Attempt to Illegally Warehouse Over N65 Billion NSIPA Funds
Business

EduGate: New Document Reveals Attempt to Illegally Warehouse Over N65 Billion NSIPA Funds

meridianspyBy meridianspyMarch 7, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu,
Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu,
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

 

 

The controversy surrounding the suspended Minister of Humanitarian Affairs, Betta Edu, deepens as a new document surfaces, indicating an attempt to unlawfully transfer the National Social Investment Program Agency (NSIPA) funds exceeding N65 billion.

Edu, who previously faced scrutiny over directing unauthorized payments to private accounts, is now implicated in another scheme involving the illegal warehousing of ministry funds.

In a document released to POLITICS DIGEST titled ‘Warehousing of Unspent Balance Fund from the Ministry of Humanitarian Affairs and Poverty Alleviation NSIP Account (NSIO) for Year 2023 Financial Year,’ and addressed to the Accountant General of the Federation, contained the amount of ‘N66,328,891,947.58, N65,828,891,947.58 and N500,000,000.00 requested by Edu.

Document indicting Edu
“The NSIPA is facing some challenge in disbursing and processing payment to our beneficiaries and considering the year is coming to an end by 31″ December, 2023; we have balances in various accounts as follows,

1) NSIO/ Special Intervention 0020208461637 (CBN): N65,828,891,947.58

2) NSIO 0020208461077 (CBN): N500,000,000.00.

“Sequel to the above, we crave the indulgence of the Accountant General of the Federation to kindly warehouse the Funds above to enable us discharge our obligations and pay all our expenditure accordingly, as we already have approvals from the President to implement,” Edu said.

Meanwhile, sources within the ministry disclosed Edu’s alleged pattern of misappropriating NSIPA, funds, bypassing established protocols and regulations.

Violations of the NSIPA, Establishment Act of 2023 are cited, highlighting Edu’s disregard for legal frameworks governing the management of government funds.

Recent revelations suggest Edu’s presence at the Accountant General’s Office during late hours, pushing for unauthorized transactions, raising concerns of financial misconduct.

Despite her suspension by President Tinubu and ongoing investigations, Edu is reportedly embroiled in further controversies, indicating a lack of adherence to due process and accountability.

Calls for accountability grow louder as allegations against Edu continue to emerge, fueling public outrage and demands for swift action.

The document in question exposes Edu’s alleged involvement in diverting funds earmarked for assisting vulnerable Nigerians, undermining the integrity of social investment programs.

On the other hands, concerns are raised over the presence of individuals illegally appointed by Edu within NSIPA, potentially jeopardizing the effective implementation of social welfare initiatives.

As the investigation unfolds, stakeholders emphasize the urgency of rectifying irregularities within the ministry to safeguard public funds and uphold transparency and accountability.

No related posts.

Edugate NSIPA
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

Tinubu welcomes 4.43% GDP growth, promises stronger economic gains for Nigerians

August 31, 2026

Marine Agencies’ Revenue Rises 160% to N1.83tn in 2025 — Oyetola

August 31, 2026

Oil Output Rises As Pipeline Losses Decline

August 21, 2026
Search
Recent Posts
  • MNI Versus MNIPR in NIPSS: A Concerned Review of Yushau Shuaib’s Thought-Provoking Book, By Sunny Ibeh Jnr
  • 2027: It’s Time to Compensate Tinubu for What He Did for the North – Bichi
  • We’re Not Responsible for Hunger in Nigeria, PDP Fires Back at APC
  • Why Nigerians’ Data Finishes Fast – MTN
  • Toluwanisings’ Family Suspends Burial, Demands Probe Into Singer’s Death
  • NBBF President, Dr. Mustapha Abdullahi, Welcomes Sam Ahmedu to New Board
  • 2027: OK Movement Faults NDC Campaign Council List, Questions Party’s Grassroots Structure
  • 2027: NDC Slams Tinubu, APC Over ₦1bn Worth of Prado SUVs for Youth Leaders
  • Okonjo-Iweala Loses Mother at 96
  • Trump Has Changed America’s Mood — Nicki Minaj
  • NDC Sacks Borno Assembly Candidate Over Alleged Support for Atiku
  • NBBF President, Dr. Mustapha Abdullahi, Mourns Veteran Basketball Coach Lancaster 
  • Kaduna Ready As Tinubu Arrives For APC Presidential Campaign Flag-Off
  • BREAKING: Nollywood Actor Francis Duru Dies At 57 
  • Atiku Demands Publication of 103 Million Voters’ Register Ahead of 2027 Election
Categories
  • Business
  • Crime
  • Education
  • Entertainment
  • Environment
  • Foreign
  • Health
  • Investigations
  • Labour
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Security
  • Sport
  • Technology
  • World news
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.