ICPC Confiscates 44 Assets Worth N14.7bn

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Friday said it had seized 44 assets valued at N14.7 billion.

The spokesperson of the anti-graft agency, Mrs. Rasheedat Okoduwa, disclosed this in a statement in Abuja.

Okoduwa said the assets, located in the Federal Capital Territory, comprised two mansions, 27 pieces of land, one factory building and 15 buildings at Asokoro, Maitama and other districts.

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She stated that the assets were linked to 32 corporate entities and that the seizures followed the denial of ownership by the supposed owners.

She said: “The commission, in collaboration with the Federal Inland Revenue Service (FIRS), had found that the entities had N883.7 million tax liability on the seized properties.

“The seizure is based on Section 45(4) of the Corrupt Practices and Other Related Offences Act .”

However, last week, The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested two officials over alleged N68 million fraud in the Federal Government’s Social Investment Programme (SIP).

Spokesperson of the commission, Mrs Rasheedat Okoduwa, disclosed this in a statement on Sunday.

According to her, the money was meant for the payment of cooks under the SIP’s National Home-Grown School Feeding Programme (NHGSFG) in Kogi.

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Okoduwa identified the suspects as Adoga Ibrahim, who was until May, the Focal Person of NHGSFG in Kogi, and Khadijat Karibo, who currently serves as the state’s Programme Manager…Read full story