Monday, Apr 19th 2021 10:09 AM

Market Digest Nigeria


EFCC recovers NHIS’ N10b trapped in bank

Economic and Financial Crimes Commission (EFCC) has begun recovery of about N10 billion belonging to the National Health Insurance Scheme (NHIS) that was trapped in Heritage Bank.

The bank has agreed to be paying N500 million quarterly until the amount is fully paid. Also, the anti-graft agency is seeking to retrieve about N11billion meant to be sent to the National Health Insurance Scheme (NHIS) Treasury Single Account (TSA) but was mistakenly transferred to the Federation Account since 2014.

He disclosed that EFCC was also helping the NHIS to recover about N2 billion trapped in the defunct Aso Savings.

MEANWHILE, the NHIS has urged President Muhammadu Buhari to urgently accent to the amended NHIS Act to make health insurance mandatory in the country to enable Nigeria achieve Universal Health Coverage (UHC).

Sambo, who observed that poverty limits access to healthcare while ill health worsens poverty, stated that the National Bureau of Statistics (NBS) has revealed that more than 82 million Nigerians live in poverty, and the World Bank projected that the number would increase to 92 million by 2022.

According to him, the Nigeria Demographic and Health Survey (NDHS) 2018 report showed that only three per cent of Nigerians, which is about 6 million, of the over 200 million population have access to health insurance.

Sambo explained that based on the existing law, NHIS could only cover Federal Government workers and willing private sector workers, but could not cover state government workers “because there is no mechanism for their coverage in the law.

He said: “When the Act was passed, it did not envisage establishment of state health insurance agencies but the amended law has clearly brought them into the document. The scheme was not made compulsory and only persons who are willing to join NHIS would do that. So even if the scheme is working at optimal level, it is a summation of federal, state, local government and private sector employees that would bring about universal health coverage. We can achieve UHC only when health insurance is made mandatory.”


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