By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Elon Musk Exposes Suspicious $100bn Us Treasury Payments To Individuals Without ID
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Elon Musk Exposes Suspicious $100bn Us Treasury Payments To Individuals Without ID

News

Elon Musk Exposes Suspicious $100bn Us Treasury Payments To Individuals Without ID

Olaitan Sodiq
Olaitan Sodiq
Published: June 14, 2025
Last updated: June 14, 2025
2 Min Read
Share
Elon Musk To Launch Automated Wife
Elon Musk
SHARE
  • Elon Musk, leader of the Department of Government Efficiency, has revealed that the US Treasury made approximately $100 billion in annual payments to individuals without a Social Security Number or temporary ID.

  • Musk stated that about half of these payments, estimated at $50 billion per year, are likely fraudulent.

  • He described the situation as “utterly insane” and emphasized the need for immediate action.

Elon Musk, leader of the Department of Government Efficiency, has revealed that the US Treasury made approximately $100 billion in annual payments to individuals without a Social Security Number or temporary ID.

Musk made this known in a statement through his X account on Saturday, clarifying what DOGE Team and US Treasury have jointly agreed on in the past few days.

Musk explained that he was told about the suspicious payments, which he described as “extremely suspicious.”

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: Elon Musk Wealth Reaches $447 Billion Net Worth

He stated, “Yesterday (Friday), I was told that there are currently over $100 billion per year of entitlement payments to individuals with no SSN or even a temporary ID number. If accurate, this is extremely suspicious.”

When Musk asked about the percentage of these payments that might be fraudulent, he was told that about half, estimated at $50 billion per year, were likely fraudulent.

He emphasized, “This is utterly insane and must be addressed immediately.”

Elon Musk Sued by SEC Over Late Disclosure of Twitter Stake

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against tech billionaire Elon Musk, alleging that he failed to disclose his ownership of more than 5% of Twitter stakes in a timely manner before taking over the company in 2022.

According to the SEC, Musk began buying up Twitter shares in early 2022 and crossed the 5% mark on March 14, 2022. Continue Reading Here

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Elon MuskTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Thomas Partey Freed on Bail Over Rape Charges | Daily Report Nigeria
Thomas Partey Freed on Bail Over Rape Charges
Sports
BBNaija S10 Introduces ‘Most Influential Player’ Twist | Daily Report Nigeria
BBNaija S10 Introduces ‘Most Influential Player’ Twist
Entertainment
Fela Died Poor Despite Making a Lot of Money — Madé Kuti Reveals | Daily Report Nigeria
Fela Died Poor Despite Making a Lot of Money — Madé Kuti Reveals
Entertainment
CHAN 2024: Nigeria, Senegal Lock Horns in Group D | Daily Report Nigeria
CHAN 2024: Nigeria, Senegal Lock Horns in Group D
Sports
Again, NNPC Increases Fuel Price
Petrol Price Hits N955/Litre in Abuja as NNPCL, Marketers Raise Rates
Business

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Tantita Celebrates Tinubu on One Year in Office | Daily Report Nigeria
News

Tantita Celebrates Tinubu on One Year in Office

June 15, 2025
Hakimi Achraf's Wife, Hiba Abouk Files For Divorce, Demands Over Half of Player's Fortune | Daily Report Nigeria
News

Hakimi Achraf’s Wife, Hiba Abouk Files For Divorce, Demands Over Half of Player’s Fortune

June 13, 2025
Warri-Itakpe Train Service Resumes Monday, April 24 | Daily Report Nigeria
News

Warri-Itakpe Train Service Resumes Monday, April 24

June 14, 2025
Only Restructuring can Save Nigeria From Catastrophe - Afenifere | Daily Report Nigeria
News

Only Restructuring can Save Nigeria From Catastrophe – Afenifere

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?