Legislative AccountabilityObservatory
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Unremitted government funds held by banks and MDAs

Status
No final report
Assembly
House of Representatives
Opened
7 February 2022
Assembly term
9th National Assembly (2019–2023)
Committee
Ad hoc Committee on Unclaimed Federal Government Funds
Sum at issue
₦1.2 trillion
Subject
Revenue and remittances
Without a report for
1,738 days

The House of Representatives Ad-hoc Committee on Unclaimed Federal Government Funds, chaired by Uyime Idem, initiated a probe regarding the alleged non-remittance of ₦1.2 trillion in revenue by banks and MDAs. The investigation, mandated by a House resolution, uncovered over ₦300 billion in unremitted funds and specifically queried CitiBank for a ₦99 billion infraction, while the Nigeria Investment Promotion Commission (NIPC) admitted to owing ₦5.2 billion.

CBN NIPC

What the record shows

  • 7 February 2022
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.