1 month ago
17
By Bashir Bello
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has disclosed that Nigeria has recovered $700 cardinal looted funds abroad.
The ICPC Chairman, Dr. Musa Aliyu, disclosed this during a one-day engagement with selected media practitioners from the North-West and North-East, held successful Kano.
Aliyu said that specified looted funds would person been channeled to supply societal amenities and amended the lives of the country’s citizens.
According to him, “Nigeria from 2017 till day recovered implicit $700 million. So plus betterment is the champion strategy.
“The plus recovered would beryllium utilized successful developmental projects specified arsenic roads and health,” helium said.
He further said the committee recorded recoveries of currency totaling N7.2 cardinal successful the North-West and N43.3 cardinal successful the North-East regions, arsenic good arsenic $1.066 cardinal recovered successful the North-West.
He said the recoveries were made wrong a 2-year period, betwixt May 2023 and July 2025.
“We besides engaged successful Project Tracking and Financial Recoveries. A full of 1,440 projects were tracked, valued astatine astir ₦271.054 billion. Of these, 767 projects valued astatine ₦112.737 cardinal were successful the Northeast,
and 673 projects valued astatine ₦158.317 cardinal were successful the Northwest.
But the existent communicative successful task tracking is this: citizens and journalists who flagged abandoned projects made these interventions possible, ensuring resources reached the intended beneficiaries.
“Our currency recoveries totalled ₦7.269 cardinal successful the Northwest and ₦43.335 cardinal successful the Northeast, with a full of $1.066 cardinal besides recovered successful the North-West.
“We besides seized assets successful the Northwest, including 14 buildings, 25 plots
of land, and 3 farmlands.
“On Enforcement and Legal Actions, a full of 171 cases were investigated, with 117 successful the Northwest and 54 successful the Northeast. This led to 16 cases being
filed successful court, with 8 from the Northwest and the Northeast. Four convictions were recorded successful each of the 2 zones,” the ICPC Chairman said.
He said Nigerians were gradually refusing to wage bribes and could execute 90 percent compliance successful 4 years if the whistleblower measure is passed into law.
He, however, called connected the National Assembly, NASS, to expedite the transition of the whistleblower measure into instrumentality to support Nigerians and journalists, thereby encouraging them successful the crusade against the menace.
“The UNODC-NBS survey reveals that the North-West recorded the highest
bribe refusal complaint successful the state astatine 76%, portion the North-East recorded 60%. This demonstrates that mean radical are consenting to basal up against corruption.
“Equally encouraging is the increasing courageousness to study corruption. Reports of bribery successful the Northern zones roseate from 4.7% successful 2019 to 13.4% successful 2023. More importantly, the stock of these reports starring to ceremonial enactment has astir tripled, from 16% successful 2019 to 43% successful 2023. These are not conscionable statistics—they
tell existent stories of Nigerians refusing to beryllium exploited.
“I truthful telephone connected the National Assembly to expedite the transition of the Whistleblower Bill, which volition empower and support the citizens and journalists to study corruption without fear.”
He said the committee has started implementing a programme titled “Accountability and Corruption Prevention Program for Local Governments initiative” to beam it searchlight and guarantee accountability astatine the section authorities level, and if afloat implemented, determination volition beryllium worth for wealth and the section authorities crossed the state volition witnesser progress.
Earlier, Dr. Umar Yakubu, Executive Director of the Center for Fiscal Transparency and Public Integrity, stated that the ICPC’s inaugural is the archetypal mechanics successful the satellite designed arsenic a proactive measurement to forestall corruption, alternatively than responding to corruption aft it has occurred.
The station Nigeria recovered $700m looted funds – ICPC Boss appeared archetypal connected
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