{"id":349569,"date":"2024-12-18T06:55:36","date_gmt":"2024-12-18T05:55:36","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=349569"},"modified":"2024-12-18T06:55:36","modified_gmt":"2024-12-18T05:55:36","slug":"icpc-stops-n5-9bn-fund-diversion-recovers-n10bn-covid-19-allocation","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/12\/18\/icpc-stops-n5-9bn-fund-diversion-recovers-n10bn-covid-19-allocation\/","title":{"rendered":"ICPC Stops N5.9bn Fund Diversion, Recovers N10bn COVID-19 Allocation"},"content":{"rendered":"<div>\n<div class=\"border-borderMain\/50 ring-borderMain\/50 divide-borderMain\/50 dark:divide-borderMainDark\/50  dark:ring-borderMainDark\/50 dark:border-borderMainDark\/50 bg-transparent\">\n<div class=\"mb-md\">\n<div class=\"relative default font-sans text-base text-textMain dark:text-textMainDark selection:bg-super\/50 selection:text-textMain dark:selection:bg-superDuper\/10 dark:selection:text-superDark\">\n<div class=\"min-w-0 break-words [word-break:break-word]\">\n<div dir=\"auto\">\n<div class=\"prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]\">\n<ul class=\"marker:text-textOff list-disc pl-8\">\n<li><strong>The ICPC intercepted N5.882 billion linked to MDAs and recovered N10 billion allocated for COVID-19 vaccine production, returning it to treasury<\/strong><\/li>\n<li><strong>Chairman Musa Aliyu reported the recovery of $966,900.83 in foreign currency and emphasized the agency&#8217;s commitment to fighting corruption<\/strong><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mt-sm flex items-center justify-between\">\n<div class=\"-ml-sm flex items-center gap-xs\">\n<div class=\"flex items-center min-w-0 justify-center gap-xs\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"\">\n<div class=\"mt-lg border-t pt-lg duration-1000 ease-out animate-in fade-in border-borderMain\/50 ring-borderMain\/50 divide-borderMain\/50 dark:divide-borderMainDark\/50  dark:ring-borderMainDark\/50 dark:border-borderMainDark\/50 bg-transparent\">\n<div class=\"border-borderMain\/50 ring-borderMain\/50 divide-borderMain\/50 dark:divide-borderMainDark\/50  dark:ring-borderMainDark\/50 dark:border-borderMainDark\/50 bg-transparent\">\n<div class=\"flex items-center justify-between border-borderMain\/50 ring-borderMain\/50 divide-borderMain\/50 dark:divide-borderMainDark\/50  dark:ring-borderMainDark\/50 dark:border-borderMainDark\/50 bg-background dark:bg-backgroundDark\">\n<div class=\"mb-sm flex w-full items-center justify-between\">\n<div class=\"\">\n<div class=\"flex items-center space-x-sm\">\n<div class=\"default font-display text-lg font-medium text-textMain dark:text-textMainDark selection:bg-super\/50 selection:text-textMain dark:selection:bg-superDuper\/10 dark:selection:text-superDark\">\n<div class=\"w-[24px]\">\n<hr \/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has stopped the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/11\/03\/diversion-of-revenue-alleged-arrest-of-2-anambra-billionaires-fake-news-soludo\/\">diversion<\/a> of N5.882 billion. The funds were linked to various Ministries, Departments, and Agencies (MDAs) and intercepted before being misused.<\/p>\n<p>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).<\/p>\n<p>Chairman Musa Aliyu revealed these achievements at an end-of-year event held at ICPC\u2019s Abuja headquarters.<\/p>\n<p>He disclosed that the commission recovered $966,900.83 in foreign currency, now secured in its Central Bank of Nigeria account.<\/p>\n<p>The event marked Aliyu\u2019s first year in office and welcomed notable attendees, including EFCC Chairman Ola Olukoyede and Sierra Leone\u2019s Anti-corruption Commissioner, Francis Kaifala.<\/p>\n<p>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.<\/p>\n<p>This review was part of its Ethics and Integrity Compliance Scorecard (EICS) initiative.<\/p>\n<p>Francis Kaifala, in his keynote address, emphasized the need for regional efforts to combat corruption in Africa.<\/p>\n<p>He noted that Nigeria\u2019s anti-corruption measures had inspired Sierra Leone to strengthen its legal systems against graft.<\/p>\n<p>Meanwhile, Bureau of Public Procurement (BPP) Director-General Adebowale Adedokun reiterated his office&#8217;s dedication to transparency and accountability in procurement processes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s commitment to fighting corruption The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has stopped the diversion of [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":348142,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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