The Federal Integrity Commission has formally rejected claims that around IQD 2.5 trillion (approximately $1.9 billion) was withdrawn or lost from the Social Protection Fund’s accounts, confirming that the full amount remains intact and under official control.
The Commission said it formed an emergency investigation team immediately after widespread reports alleged the disappearance of the funds. The team carried out an extensive audit and review of financial and administrative procedures between the Ministry of Finance, the Ministry of Labour and Social Affairs, Rafidain Bank and the Federal Board of Supreme Audit (FBSA).
According to the investigation findings, no withdrawal, transfer or reallocation of the funds took place during the period under review. The amount in question remains fully deposited in account number (568) belonging to the Social Protection Authority / Ministry of Labour and Social Affairs.
The Commission also confirmed that the account is currently subject to enhanced monitoring mechanisms aimed at separating government funding transferred from the Ministry of Finance from revenues and returns generated by the Ministry of Labour, in line with Social Protection Law No. 11 of 2014.
All investigative and audit procedures were conducted under the direct supervision of the competent judicial authorities and in accordance with legal and regulatory standards.
The Commission praised the role of the media in supporting transparency and oversight, but called for greater accuracy and responsibility in reporting on sensitive financial and economic issues, warning that the spread of incomplete or misleading information could harm Iraq’s financial reputation, investor confidence and banking stability.
