By The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it recovered stolen assets and funds amounting N1.1 billion in the first quarter of 2021.
ICPC Chairman, Professor Bolaji Owasanoye made this known, while presenting the summary of the agency’s assets recovery, seizures and forfeitures during an oversight visit by members of the Senate Committee on Anti-Corruption and Financial Crimes to the agency’s headquarters in Abuja, Daily Trust reported.
According to Owasanoye, N418.8m and $1.5m in Domiciliary Accounts were recovered between January to March 2021, adding that five plots of land, 13 businesses, 29 buildings, one vehicle and five farms were also seized within the same period.
The ICPC boss said 12 of the recovered items were on seizure, one on interim forfeiture — while 40 on final forfeiture.
He 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.
Owasanoye mentioned that 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.
