Senate Reacts as ICPC Recovers N1.1bn, 29 Buildings, Others Within 3 Months

Senate Reacts as ICPC Recovers N1.1bn, 29 Buildings, Others Within 3 Months

- The ICPC haven provided a breakdown of its achievements in the first quarter of 2021, January to March

- Professor Owasanoye, the commission's chairman, said the agency secured forfeiture of over N1.1 billion to the federal government

- The anti-graft agency also said it secured four convictions in the first quarter of the current year

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it recovers over N1.1 billion in the first quarter of 2021.

According to a statement sighted by Legit.ng on Sunday, April 25, the chairman of the ICPC, Prof. Bolaji Owasanoye, stated this while briefing the Senate Committee on Anti-Corruption and Financial Crimes Committee on Thursday, April 22.

Owasanoye said N418.8m and $1.5m in domiciliary accounts were forfeited to the federal government between January and March 2021.

Senate Commends ICPC as Agency Recovers N1.1bn, 29 Buildings, Others Within 3 Months
ICPC gets Senate's commendation as it recovers N1.1 billion, 29 buildings, others in the firs quarter of 2021. Photo credit: @ICPC_PE
Source: Twitter

He said the anti-graft agency also seized five plots of land, 13 businesses, 29 buildings, One vehicle and five farms during the period under review, the statement on the ICPC website also indicated.

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The ICPC boss added that 73 cases were filed in 2020 while only 11 cases had been filed between January and March 2021.

He explained that the agency secured 26 convictions in 2020 and four convictions in the first quarter of 2021.

He added that N147 billion was restrained by the Office of the Accountant General of the Federation from personnel, overhead and capital costs.

He said the action was taken on the basis of instructions issued in 2019 by the agency in line with the ICPC personnel cost review of ministries, departments and agencies.

The breakdown of restrained funds, according to him are Overhead – N15.5 bn, Personnel – N32.3bn and N99.2bn.

Reacting, the chairman of the Senate committee, Senator Suleiman Kwari, commended the anti-graft agency for its achievements so far.

He assured the ICPC that the Senate was ready to give the agency the necessary support in order to do more.

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Meanwhile, in a bid to intensify the fight against corruption in Nigeria, Senator Ali Ndume, has called on President Muhammadu Buhari to sign an executive order to activate the unexplained wealth Act.

The chairman of the Senate committee on Army explained that the order would make the Economic and Financial Crimes Commission (EFCC) more proactive and boost the war against corruption.

An unexplained wealth Act is a type of court order issued to compel a target to reveal the sources of their unexplained wealth.

Source: Legit

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