ICPC Recovers N166.5bn Assets In 2 Years
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has recovered and restrained cash and assets valued at N166.51 billion from corrupt persons in the last two and half years.
ICPC said the recovered assets included; houses, vehicles, electronics, jewelries, clothings and accessories, plots of land and farms
This, according to the Commission, represents an increase of 378 per cent over the assets recovery target of N44 billion under the Commission’s Strategic Plan 2019 – 2023. In a statement issued by ICPC Spokesperson, Azuka Agugua, the achievement is contained in the Commission’s Mid-Term Performance Report ( 2019- June 2021) presented at its Board and Management retreat held in Abuja recently.
“Recovery of proceeds of corruption through seizures and forfeiture of assets is an enforcement activity of the ICPC.
According to the Mid-Term Performance Report, assets worth N81.23 billion were seized and recovered in 2019; N82.57 billion in 2020 and N2.71 billion between January and June 2021.”She noted.
Agugua quoted the Chairman of ICPC, Prof. Bolaji Owasanoye, commending 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, Owasanoye enjoined the management and staff not to rest on the achievements. “We need to walk the talk. You know the problem and you have the solution, so just implement it and produce results,” he stated.
“In the Mid-Term Performance Report (2019 – June 2021), 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 investigation.
“Under its Constituency and Executive Projects Tracking Initiative, the ICPC tracked over 2,000 projects worth 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 Constituency and Executive Projects Tracking Initiative has aided improved service delivery and higher completion rates for funded projects in compliance with regulatory requirements as well as ensured value for money in the national budget under the present Administration. (Sun Newspaper)
ICPC said the recovered assets included; houses, vehicles, electronics, jewelries, clothings and accessories, plots of land and farms
This, according to the Commission, represents an increase of 378 per cent over the assets recovery target of N44 billion under the Commission’s Strategic Plan 2019 – 2023. In a statement issued by ICPC Spokesperson, Azuka Agugua, the achievement is contained in the Commission’s Mid-Term Performance Report ( 2019- June 2021) presented at its Board and Management retreat held in Abuja recently.
“Recovery of proceeds of corruption through seizures and forfeiture of assets is an enforcement activity of the ICPC.
According to the Mid-Term Performance Report, assets worth N81.23 billion were seized and recovered in 2019; N82.57 billion in 2020 and N2.71 billion between January and June 2021.”She noted.
Agugua quoted the Chairman of ICPC, Prof. Bolaji Owasanoye, commending 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, Owasanoye enjoined the management and staff not to rest on the achievements. “We need to walk the talk. You know the problem and you have the solution, so just implement it and produce results,” he stated.
“In the Mid-Term Performance Report (2019 – June 2021), 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 investigation.
“Under its Constituency and Executive Projects Tracking Initiative, the ICPC tracked over 2,000 projects worth 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 Constituency and Executive Projects Tracking Initiative has aided improved service delivery and higher completion rates for funded projects in compliance with regulatory requirements as well as ensured value for money in the national budget under the present Administration. (Sun Newspaper)
