The NAB succeeded in transferring Rs878.7 million to 5,008 B4U scam victims on Wednesday, the largest and quickest payout in the history of the bureau. The online transfer system does away with the traditional method of sending pay orders in person, a process which was used to be slow and cumbersome.

NAB Chairman Lt Gen (R) Nazir Ahmed launched the online transfers personally in a special ceremony that was joined by top NAB officials and representatives of the National Bank of Pakistan (NBP). He underlined that this move demonstrates NAB s resolve to employing technology for making restoration of looted money more transparent and efficient.

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The B4U scandal case, one of Pakistan s biggest Ponzi schemes, came to light in February 2021 after being complained about by the Securities and Exchange Commission of Pakistan (SECP) and individual victims. The accused had accepted liability for Rs7.3 billion, of which NAB has recovered Rs3.7 billion so far to be distributed among 17,250 victims.

The officials have confirmed that payments would be made as additional funds are recovered, with the purpose of giving full relief to everyone who incurred losses. The direct bank transfer mechanism is likely to provide needed convenience, speed, and credibility to the accountability process.