A Federal High Court has shifted hearing on the ₦1.5 billion lawsuit filed against the National Institute for Policy and Strategic Studies (NIPSS) to February 24, following allegations of unlawful withdrawal from the Securities and Exchange Commission’s (SEC) Account 47.

The case involves claims that officials of NIPSS made unauthorized transactions running into billions of naira, a development that has raised serious concerns about transparency and internal financial controls.

During the court session, counsels representing both parties sought additional time to address critical legal inconsistencies and submit fresh documents relevant to the matter. The presiding judge granted the adjournment, insisting that the court must ensure thorough examination of the evidence before delivering judgment.

Meanwhile, reports where that legal experts believe the case could set a new precedent for financial accountability among government institutions, especially as public pressure mounts for stricter oversight of agencies handling public funds.

With the new date fixed for February 24, all eyes remain on the court as Nigerians anticipate further revelations in what has become one of the most closely watched financial misconduct suits involving a top federal institute.