Reps Committee Probe Insurance Gaps In $1.12tr Anchor Borrowers Scheme
The House of Representatives Committee on Nutrition and Food Security has begun an investigation into insurance coverage tied to the 1.12 trillion naira, Anchor Borrowers Programme, amid allegations of fund diversion and poor implementation. At an investigative hearing, Committee Chairman, Chike Okafor said lawmakers are examining how funds earmarked for the scheme were disbursed by participating financial institutions and allegedly mismanaged by ministries, departments and agencies. A representative of the […]
