ICPC Recovers N29.7bn, Blocks Diversion of Public Funds in Anti-Corruption Efforts

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has made significant strides in its anti-corruption mandate, recovering a total of N29.7 billion in cash, alongside a foreign currency sum of $966,900.83, deposited into the commission’s Central Bank of Nigeria account.

Speaking at the commission’s headquarters in Abuja during his first year in office, Dr. Musa Aliyu, the Chairman of ICPC, highlighted the agency’s ongoing efforts in fighting corruption and ensuring accountability within government operations.

Aliyu revealed that among the key achievements was the recovery of N10 billion in COVID-19 funds, which had been diverted but was subsequently recovered and remitted back to the appropriate authorities.

“The commission continues to ensure accountability in government funds and deliver sustainable projects for the benefit of Nigerians,” Aliyu said.

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In addition to the financial recoveries, the commission has taken robust steps to prevent further misuse of public funds, including halting the diversion of N5.882 billion.

The ICPC Chairman noted that the commission’s ethical oversight of ministries, departments, and agencies (MDAs) has played a vital role in preventing corrupt practices, further cementing its stance on institutional accountability.

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“Through our Ethics and Integrity Compliance Scorecard, we assessed 323 MDAs and established 80 anti-corruption units across these agencies,” Aliyu explained.

The commission’s work has not gone unnoticed. Over the past year, ICPC handled 851 petitions, with 342 investigations launched, 95 fully concluded, and 72 cases filed in court.

In total, ICPC also recovered N10.986 billion in Value-Added Tax (VAT), which was remitted to the Federal Inland Revenue Service (FIRS), further enhancing the agency’s reputation for holding public office holders accountable.