June 21, (THEWILL) – The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it recovered about N454.805 billion worth of government assets in four years.
Deputy Director, Planning, Research and Statistics at the ICPC, Jude Okoye, disclosed this on Wednesday, at a capacity-building training for media practitioners in Abuja.
Giving a breakdown of the recovered assets, Okoye said, “N9.341 billion was cash recovery in ICPC account and N67.236 billion from ICPC Intervention Investigation, while N257.492 billion were funds restrained through final forfeiture.”
He also said the sum of N2.865 billion was recovered from Constituency and Executive Project Tracking Initiatives (CEPTI) and other assets, while another N45.280 billion was from CEPTI-completed projects on return of contractors.
Okoye further said through Constituency and Executive Project Tracking Initiatives, the Commission was able to track 3,422 projects. He added that the Commission recovered N26.573 billion from cash restrained through budget tracking.
Okoye said the Commission recorded 90 convictions within the period, noting that “the convictions were recorded in 4,737 investigated cases by the Commission, with many still pending in various courts.”
Okoye expressed the commitment of the ICPC to continue to synergise with government agencies and development partners in the fight against corruption in Nigeria.
