Mr Osidi disclosed that, by the end of 2024, the task teams had recovered N10.9 billion, a figure that had grown to N18.9 billion at the end of June 2025.
Mr Osidi said the bank also improved its loan approvals significantly within the same period.
Mr Bago said his administration created a sinking fund upon assumption of office to gradually clear the debt.
Ms Onwe said that she retired four years ago and completed the filling and documentation as required, yet she had yet to receive the refund.
The bank also refunded the retirees under the scheme within the period under review.
The chairman of the committee, Abdulmumin Jibrin, said this after an oversight visit to FMBN on Monday in Abuja.
FMBN has announced that the bank is re-strategising to improve credit quality and reduce non-performing loans.
Mr Tinubu’s daughter, Folashade Tinubu Ojo, is the Iyaloja of Lagos.
They also called for a review of land charges to empower more people with ownership while advocating for population control among low-income earners.
According to him, from October to December 2022, there were 40 per cent unremitted payments to FMBN.
