The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Musa Aliyu, has said the commission recovered N29.7bn in cash.
He added that the commission also recovered $966,900.83 in foreign currency, which has been deposited in the ICPC’s Central Bank of Nigeria account.
Speaking on Tuesday at the commission’s headquarters in Abuja while marking his first year in office, Aliyu also revealed that N10bn in COVID-19 funds had been recovered within the last year.
He said, “The commission continues to ensure accountability in government funds and deliver sustainable projects for the benefit of Nigerians.
“There are a lot of achievements we have made over the past year. Some of these include our strategic action plan, which provides a sense of direction aligned with the National Anti-Corruption Strategic Plan 2022-2026.
“In the area of financial recovery, we have made significant strides. We recovered N29.7bn in cash. Additionally, we stopped the diversion of N10bn in COVID-19 vaccine funds, which have been remitted. We also recovered assets and secured about N2.5bn in bank recoveries.”
He further stated that the commission prevented the diversion of N5.882bn.
Aliyu said, “As part of its commitment to institutional accountability, the commission assessed 323 ministries, departments, and agencies through its Ethics and Integrity Compliance Scorecard. It also established 80 anti-corruption and transparency units across MDAs to reinforce its anti-corruption efforts.
“The commission stopped the diversion of public funds amounting to N5.882bn. The report of the EICS exercise, conducted earlier this year, is ready and will be released to the media and the public.”
Aliyu added that the commission also recovered N10.986bn in Value-Added Tax and remitted it to the Federal Inland Revenue Service.
He revealed that 851 petitions were processed during the year under review, with 342 assigned for investigation, 95 fully investigated, 72 cases filed in court, and 16 convictions secured.
