ICPC Recovers N166.5bn Cash, Assets In 30 Months - Matrixliveng
ICPC Recovers N166.5bn Cash, Assets In 30 Months

ICPC Recovers N166.5bn Cash, Assets In 30 Months

By Babajide Okeowo

The Independent Corrupt Practices and other related offences Commission (ICPC) has disclosed that the commission recovered and restrained cash and assets valued at N166.51 billion from corrupt persons in the last two and half years.

The recovery includes assets worth N81.23 billion, which were seized and recovered in 2019; N82.57 billion in 2020 and N2.71 billion between January and June 2021.

The recovered assets include houses, vehicles, electronics, jewelries, clothings and accessories, plots of land and farms.

This was contained in the ICPC Mid-Term Performance Report (2019 -June 2021) presented at the ICPC Board and Management retreat held in Abuja.

In the report, the commission recorded an overall average performance of 134 per cent which represents the weighted average of all targets.

The report further indicated that the anti-corruption agency had an impressive performance in some Key Performance Indicators (KPIs) such as corruption monitoring activities; the Ethics and Integrity Compliance Scorecard assessment of Ministries, Departments and Agencies (MDAs); anti-corruption activities undertaken by ICPC-supported CSO platforms; filing of cases in court; staff training and non-petition intelligence-led investigations.

Also, under its Constituency and Executive Projects Tracking Initiative, the ICPC tracked over 2,000 projects worth of over N300 billion during the period under review.

In the same period, 326 contractors of abandoned projects across the six geo-political zones of the country were forced by the Commission to return to site to complete projects amounting to N32.183 billion.

The Commission’s Systems Study and Review of personnel and capital votes of MDAs resulted in savings of N261 billion to the government between 2019 and June 2021.

The government saved N89 billion in 2019, N147 billion in 2020 and N25 billion in 2021.

The report further showed that the Commission received 3,940 petitions between January 2019 and June 2021, out of which 1,045 investigations were concluded. It also concluded 119 non-petition intelligence-led investigations during the period.

While the Commission filed 200 cases in court, it however secured 56 convictions during the period under review.

Reacting to this, the chairman of ICPC, Prof. Bolaji Owasanoye commended the board, management and staff for ensuring that the chain of the Commission remained strong.

He said, “Lead with fresh impetus from the front and not from behind. Be proactive in leadership, pull your weight and the effects will surely be seen. Be prudent with public funds and be firm with staff who are not adding value.”

While acknowledging efforts of the Commission in the fight against corruption, Prof. Owasanoye enjoined the management and staff not to rest on the achievements.

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