How we recovered over N454 billion in four years – ICPC

Tamarauemi Ebimini

The Independent Corrupt Practices and other related offences Commission (ICPC) has said it has recovered over N454 billion from corrupt persons in the past four years.

A statement on Thursday on the commission’s website said an official gave the figure in a presentation during a two-day capacity-building training for reporters covering the commission’s activities.

Jude Okoye, Deputy Director, Planning Research and Statistics, ICPC, gave a presentation titled: ‘Overview of ICPC Achievements from 2019- March 2023’ during the training that was held on Monday and Tuesday.

Giving a breakdown of the recoveries, Mr Okoue said of the total N454.8 billion, about N257.5 billion was fund ‘restrained’ by ICPC ”through system studies of government Ministries, Departments, and Agencies (MDAs)”. At the same time, N3.5 billion was recovered through ”tax intervention”.

Mr Okoye listed other recoveries to include plots of land and completed buildings; vehicles; cash recovered from domiciliary accounts; rents received from properties forfeited to the government; assets and jewellery valued at N25.361bn, N577.98m, N1.199bn, N25.73m, and N14.83m respectively.

According to him, the Commission “restrained N250.49m and N110.36m through Final Forfeiture and Interim Forfeiture Order; N26.573bn cash through budget tracking and N1.525bn cash in other accounts.”