ICPC recovers over N52b, $966,900, intercepts N5.88b diverted funds in 12 months

The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has revealed the recovery of over N52 billion and $966,900.83 in the last one year.

The commission also disclosed the interception of N5.882 billion in diverted public funds across 323 Ministries, Departments, and Agencies (MDAs).

The Chairman of the ICPC, Musa Aliyu (SAN), made this announcement during an event in Abuja on Tuesday, December 17, 2024, commemorating his one-year anniversary as the commission’s chairman.

Aliyu said:

“The current administration’s anti-corruption agenda and my own policy thrust encapsulated in the acronym ‘CARE’ for impact, have further motivated the Commission to enhance its tools, approaches, and engagements.

“I am therefore bold and proud to reflect on the modest progress we have made and the challenges we have overcome so far.

“These accomplishments include notable asset recoveries, enforcement actions, and initiatives promoting transparency and good governance.

“For instance, through its Constituency and Executive Projects Tracking Initiative (CEPTI), the Commission continues to ensure accountability in government funds and delivery of tangible benefits of democracy to citizens across Nigeria.”

The ICPC boss revealed that, in terms of asset recovery, the ICPC had recovered N29.70 billion in cash, which is currently held in the commission’s recovery accounts.

He also noted that N10.98 billion in VAT was recovered and remitted to the FIRS, while N10 billion from the COVID-19 vaccine fund, originally allocated for vaccine production, was returned to the treasury.

Additionally, the ICPC chairman highlighted that the commission had recovered assets valued at N2.5 billion through various court orders of final forfeiture.

Aliyu further stated that $966,900.83 had been retrieved and securely deposited in the ICPC-CBN account balance brought forward.

He also disclosed that the commission intercepted over N5 billion during its Systems Study and Review (SSR) of MDAs, using the Ethics and Integrity Compliance Scorecard (EICS).

Aliyu further said: “As part of its commitment to institutional accountability, the commission assessed 323 Ministries, Departments, and Agencies (MDAs) through its Ethics and Integrity Compliance Scorecard (EICS).

“It also established 80 Anti-Corruption and Transparency Units (ACTUs) across MDAs to reinforce its anti-corruption efforts.

“While doing these, the commission stopped the diversion of public funds to the tune of N5.882 billion.” [CONTINUE READING HERE]>>>>>