- The ICPC intercepted N5.882 billion linked to MDAs and recovered N10 billion allocated for COVID-19 vaccine production, returning it to treasury
- Chairman Musa Aliyu reported the recovery of $966,900.83 in foreign currency and emphasized the agency’s commitment to fighting corruption
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has stopped the diversion of N5.882 billion. The funds were linked to various Ministries, Departments, and Agencies (MDAs) and intercepted before being misused.
In addition, the agency retrieved N10 billion originally allocated for COVID-19 vaccine production and returned it to the treasury. It also recovered N10.986 billion in value-added tax (VAT), which was promptly sent to the Federal Inland Revenue Service (FIRS).
Chairman Musa Aliyu revealed these achievements at an end-of-year event held at ICPC’s Abuja headquarters.
He disclosed that the commission recovered $966,900.83 in foreign currency, now secured in its Central Bank of Nigeria account.
The event marked Aliyu’s first year in office and welcomed notable attendees, including EFCC Chairman Ola Olukoyede and Sierra Leone’s Anti-corruption Commissioner, Francis Kaifala.
Aliyu shared that ICPC finalized the forfeiture of assets worth N2.5 billion. The agency also blocked the N5.882 billion diversion during its Systems Study and Review (SSR) of 323 MDAs.
This review was part of its Ethics and Integrity Compliance Scorecard (EICS) initiative.
Francis Kaifala, in his keynote address, emphasized the need for regional efforts to combat corruption in Africa.
He noted that Nigeria’s anti-corruption measures had inspired Sierra Leone to strengthen its legal systems against graft.
Meanwhile, Bureau of Public Procurement (BPP) Director-General Adebowale Adedokun reiterated his office’s dedication to transparency and accountability in procurement processes.
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