The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Musa Aliyu, announced that the commission has successfully recovered ₦29.7 billion in cash over the past year. In addition, the ICPC recovered $966,900.83 in foreign currency, which has been deposited into its Central Bank of Nigeria account.
During an event at the commission’s headquarters in Abuja marking his first anniversary in office, Aliyu disclosed that ₦10 billion in COVID-19 funds was recovered. He emphasized the commission’s commitment to ensuring accountability in government spending and promoting sustainable projects for the benefit of all Nigerians.
“This past year has seen numerous significant achievements. Our strategic action plan aligns with the National Anti-Corruption Strategic Plan for 2022-2026, which provides essential direction for our initiatives,” Aliyu stated.
In terms of financial recoveries, the ICPC made notable progress by recovering ₦29.7 billion in cash and preventing the diversion of ₦10 billion earmarked for COVID-19 vaccine funds. The commission also secured approximately ₦2.5 billion in bank recoveries.
Aliyu revealed efforts to reinforce institutional accountability, which included assessing 323 ministries, departments, and agencies using the Ethics and Integrity Compliance Scorecard, alongside establishing 80 anti-corruption and transparency units throughout these entities.
Moreover, he highlighted the prevention of public funds diversion totaling ₦5.882 billion. A detailed report regarding the commission’s Ethics and Integrity Compliance Scorecard exercise will soon be made available to the public.
The commission also recovered ₦10.986 billion in Value-Added Tax, which has been remitted to the Federal Inland Revenue Service. Throughout the year in review, a total of 851 petitions were processed, leading to 342 investigations, 95 fully investigated cases, 72 cases filed in court, and 16 convictions secured.
