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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has recovered over N117 billion between January and August 2022.
The ICPC Chairman, Prof. Bolaji Owasanoye, made the disclosure during the commission’s defense of the 2023 budget proposal before the House of Representatives’ Committee on Anti-Corruption and Appropriation in Abuja on Thursday.
While speaking on the 2022 budget performance, Owasanoye gave a breakdown of the recoveries to include N1.413 billion and $225,965 in ICPC/TSA recovery account and N1.264 billion cash through tax intervention.
According to him, other recoveries include plots of land, completed buildings, vehicles, electronics and jewelries valued at N679.13 million, N2.603 billion, N81.1 million, N1.55 million, and N195,500 million, respectively.
The ICPC boss added that the commission restrained N49.9 billion through System Study and Review intervention, N6.435 billion cash through budget tracking, N53.91 billion through ICPC advisory, and N614.2 million in other accounts.
Apart from the recoveries, the Chairman also highlighted other accomplishments of the commission during the 2022 budget cycle to include the completion of 672 investigations as well as 565 non-petition-led investigations, securing of 15 convictions, and 538 projects tracked under Constituency and Executive Projects Tracking Initiative (CEPTI), among others.
On his part, the chairman of the committee, Hon. Nicholas Shehu, lauded the ICPC Chairman and his board members for providing dynamic and visionary leadership, noting that their leadership style has turned around the fortunes of the commission to a vibrant and viable anti-corruption agency.
Shehu further enjoined them not to relent but to continue to soar higher
He, therefore, called on the Federal Government to release the remnant of the commission’s 2022 budget to enable it to accomplish its target.
The committee chairman also urged ICPC to develop a whistleblowing mobile app so that Nigerians can take advantage of it to report acts of corruption.