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ICPC retrieves over N1bn stolen assets in first quarter of 2021

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has recovered stolen assets and funds amounting N1.1 billion in the first quarter of 2021.

ICPC Chairman, Professor Bolaji Owasanoye, disclosed this while presenting the summary of the agency’s assets recovery, seizures and forfeitures when members of the Senate Committee on Anti-Corruption and Financial Crimes visited the agency’s headquarters in Abuja for oversight.

Owasanoye said N418.8m and $1.5m in Domiciliary Accounts were recovered between January to March 2021.

He said five plots of land, 13 businesses, 29 buildings, one vehicle and five farms were also seized within the same period.

Of these items, Owasanoye said 12 were on seizure, one on interim forfeiture; while 40 on final forfeiture.

The ICPC boss said his agency secured four convictions in the first quarter of 2021, and 26 in 2020. Also, 73 cases were filed in 2020 while only 11 cases filed between January and March 2021, he added.

He also said the sum of N147bn was restrained by the Office of Accountant General of the Federation from personnel, overhead and capital costs on the basis of instruction issued in 2019 on the account of ICPC personnel cost review of MDAs.

The breakdown of restrained funds in 2020 are Overhead – N15.5bn; Personnel – N32.3bn and capital, N99.2bn.

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