The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that over N1.1 billion and 29 buildings were forfieted to the Federal Government between January and March, 2021.
ICPC Chairman, Prof Bolaji Owasanoye, made this known weekend in Abuja when the Senate Committee on Senate Anti-Corruption and Financial Crimes Committee led Senator Suleiman Kwari came on oversight visit to the National Headquarters of the agency in Abuja.
According to him, N418.8 million and $1.5 million in Domiciliary Accounts were forfieted to the Federal government between January to March 2021 while 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 ICPC stressed that the agency filed a total of 73 court cases in 2020 and 11 cases filed between January and March 2021 while the agency secured 26 convictions in 2020 as well as four convictions in the first quarter of 2021.
Owasanoye added the sum of N147 billion was restrained by the Office of Accountant General of the Federation (AuGF) from personnel, overhead and capital costs based on the instruction issued in 2019 on the account of ICPC personnel cost review of Ministries, Departments and Agencies (MDAs)
He gave the breakdown of the restrained funds to include Overhead – N15.5 billion, Personnel – N32.3 billion and N99.2 billion.
In his remarks, Chairman of Committee, Senator Kwari applauded the agency for living up to expectation assuring that the Senate is ready to give the agency necessary support in order to do more.
His words: “I appreciate the Chairman and board members for the job well done and we also commend what you have been doing for the nation”.
