Nigeria, April 17 -- The House of Representatives has intensified its investigation into the controversial N1.12 trillion Anchor Borrowers Programme, with a fresh focus on the level of insurance coverage provided to beneficiaries.

At an investigative hearing on Thursday, the House Committee on Nutrition and Food Security, chaired by Chike Okafor (APC, Imo), examined the role of insurers in the scheme amid wider concerns over alleged diversion and mismanagement of funds by Ministries, Departments and Agencies, as well as participating financial institutions.

The ongoing probe stems from a House resolution on 1 July 2025, mandating relevant committees to investigate alleged misuse of agricultural funds and interventions managed by governm...