Following the six-week suspension of four programs under the National Social Investment Programs Agency (NSIPA), the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, will lead the panel.

“This Special Presidential Panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes with a view to implementing a total re-engineering of the financial architecture of the programmes with detailed modification to procedures guiding the programmes’ implementation moving forward,” Ajuri said in a Saturday statement.

The primary objective is to conduct a comprehensive review and audit of existing financial frameworks and policy guidelines, aiming to implement a total re-engineering of the financial architecture for the programs.

The panel, composed of ministers representing strategic sectors, will ensure a multi-disciplinary approach to the reform effort.

Below is a list of the members of the panel:

(1) Coordinating Minister of the Economy and Minister of Finance – Chairman

(2) Coordinating Minister of Health and Social Welfare – Member

(3) Honourable Minister of Budget and Economic Planning – Member

(4) Honourable Minister of Information and National Orientation – Member

(5) Honourable Minister of Communications, Innovation and Digital Economy – Member

(6) Honourable Minister of State for Youth – Member

Tinubu anticipates that the Special Presidential Panel will restore public confidence in these vital programs, ushering in a new era of operation grounded in open and accountable governance frameworks.

“President Tinubu anticipates that this Special Presidential Panel will validate the confidence reposed in it by winning back all lost public confidence in these vital programmes over the years by ushering in a new era of operation based on open and accountable governance frameworks that will prove impervious to abuse and incompetence for the exclusive benefit of disadvantaged households across our nation,” the spokesman’s statement added.

The audit is in response to allegations of significant fraud involving individuals such as the suspended minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, her predecessor Sadiya Umar-Farouq, as well as the former head of the NSIPA, Halima Shehu leading to an ongoing investigation by the Economic and Financial Crimes Commission (EFCC).