Home NEWS How BVN Removed 54,000 Fake Workers, TSA Identified 17,000 Bank Accounts –...

How BVN Removed 54,000 Fake Workers, TSA Identified 17,000 Bank Accounts – Minister

Alhaji Lai Muhammed

The Minister of Information and Culture, Alhaji Lai Mohammed has given details of how the introduction of the Biometric Verification Number (BVN) has removed 54,000 fake workers from payroll entries.

He said also that the Treasury Single Account  (TSA), has led to the discovery and consolidation of 17,000 bank accounts in the Central Bank of Nigeria (CBN), saving N4 billion monthly.

According to the Minister, who spoke to newsmen in Abuja, in 2021 alone, the EFCC recovered a total monetary amount of N152,088,698,751.64; £1,182,519.75, 50 Emirati Dirham, 1,723,310 Saudi Riyal, 1,900 South African Rand; US $386,220,202.85; 156,246.76 Euros; 1,400 Canadian Dollars; 5.36957319 Bitcoin and 0.09012 Ethereum.

He said that during the same period, the organisation returned fraudulently-obtained funds totalling US$103,722,102.83, 3,000 Pound Sterling; 7,695 Singapore Dollar and 1,091 Euros to 11 countries of victims who came into the country.

The minister said that ICPC had similarly played a pivotal role in bringing about structural changes in the operations of the government, especially regarding improvements in MDAs budget utilisation, better value for money, improved project completion, service delivery and higher level of anti-corruption awareness.

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“Between 2019 and 2021, ICPC traced 2,000 projects worth over N300 billion. During the same period, 326 contractors of abandoned projects across the six geo-political zones were forced by the Commission to return to site to complete projects worth N32.183 billion. Also, the ICPC’s Assets Tracing, Recovery and Management (ATRM) project led to the recovery of cash totalling N34.346 billion and US$1.62 million between 2019 and 2021.”

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