The Independent Corrupt Practices and Other Related Offences Commission said it has recovered stolen assets and funds amounting N1.1 billion in the first quarter of 2021.
The Chairman of ICPC, Prof. Bolaji Owasanoye (SAN), made this known while presenting the summary of the agency’s assets recovery, seizures and forfeitures when members of the Senate Committee on Anti-Corruption and Financial Crimes visited its headquarters in Abuja on oversight.
The Chairman was however silent on those from who the money and properties were seized.
Owasanoye said N418.8 million and $1.5 million in Domiciliary Accounts were recovered between January to March 2021.
The Chairman added that five plots of land, 13 businesses, 29 buildings, one vehicle and five farms were also seized within the same period.
The ICPC boss said his agency secured four convictions in the first quarter of 2021, and 26 in 2020.
Also, 73 cases were filed in 2020, while only 11 cases were taken to court between January and March 2021, he added.
The ICPC Chairman said the sum of N147 billion was restrained by the Office of Accountant General of the Federation from personnel, overhead and capital costs on the basis of instruction issued in 2019 on the account of ICPC personnel cost review of Ministries, Departments and Agencies.
The breakdown of restrained funds in 2020 are: Overhead – N15.5 billion; Personnel – N32.3 billion; and Capital N99.2 billion.
In his remarks, the Chairman of the Committee, Senator Suleiman Kwari, applauded the anti-graft agency for a job well done, assuring of his committee’s support to do more.
Kwari said: “I appreciate the chairman and board members for the job well done and we also commend what you have been doing for the nation.”