ICPC recovers N26 bn in four years – Chairman

May 27th, 2019

The Independent Cor­rupt Practices and Other Related Of­fences Commission (ICPC) says it recovered N26 bil­lion from 2015 till date from public officials and compa­nies.

The Chairman of the Commission, Bolaji Owas­anoye, disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. He said the recoveries included cash and houses.

He said during the pro­cess, monies were traced to houses, noting that recent­ly, the commission recov­ered 32 houses from a civ­il servant.

“There are situations whereby our efforts lead to the recovery of asset, though much has not been done in terms of conviction.
“Anti-corruption is not measured only by convic­tions alone.

“If you look at our law, for example, it gives us pow­ers to do enforcement which means we can investigate and prosecute. This is what leads to a conviction.

“And the biggest part of what we are supposed to do is prevention to stop the crime from happening,” the chairman said.

Mr Owasanoye said public officers who had em­bezzled public funds usual­ly did not act alone but in concert with owners of com­panies.

“When we are recover­ing, we can trace to wher­ever the money is, which sometimes is in the hands of a company.

“If we follow some of the corruption cases very well, we realise that when you find a public officer, very rarely will they put the mon­ey in their account.

“They cook up a process where the money is stolen either by awarding contracts to themselves, by claim­ing Duty Transport Allow­ance (DTA) which they did not attend and by diverting money from an approved vote to somewhere else.

“But when you are do­ing recoveries, irrespective of how it was initiated, and you follow it to whoever is holding it to the endpoint that your investigation can reach.

“It can be a compa­ny, you can trace it to both liquid and hard asset,” the chairman explained.

On the alleged level of corruption in Ministries, Departments and Agencies (MDAs), Mr Owasanoye said that “not all the allega­tions are validated.
“There are a lot of alle­gations of corruption against agencies that interface with the public.

“And where these agen­cies are not organised and coordinated, there will be this allegation of corrup­tion,” he said.

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