The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has demonstrated its commitment to combating corruption in Nigeria by recovering N29.7 billion in cash and $966,900.83 in foreign currency within the last year. These funds, now deposited in the commission’s account with the Central Bank of Nigeria (CBN), mark significant progress in ensuring accountability in public funds.
ICPC Prevents Diversion of Public Funds
As part of its efforts to prevent misuse of resources, the ICPC successfully stopped the diversion of N10 billion in COVID-19 vaccine funds and an additional N5.882 billion in public funds. These efforts are aligned with the National Anti-Corruption Strategic Plan 2022–2026, underscoring the commission’s dedication to ensuring that government funds serve the public interest.
ICPC Recovered Assets and Additional Contributions
Beyond cash recoveries, the ICPC secured assets valued at N2.5 billion and facilitated the remittance of N10.986 billion in Value-Added Tax (VAT) to the Federal Inland Revenue Service (FIRS). These actions reflect the commission’s broader strategy to retrieve and protect public resources.
Strategic Action Plan Drives Results
ICPC Chairman Musa Aliyu highlighted the commission’s achievements under a strategic action plan designed to align with the National Anti-Corruption Strategy. This framework guides efforts to address systemic corruption, safeguard public assets, and enhance governance structures across Nigeria.
Investigation and Convictions of ICPC
In the past year, the organization processed 851 petitions, of which 342 were assigned for investigation. The commission completed full investigations on 95 cases, filed 72 cases in court, and secured 16 convictions. These results illustrate the ICPC’s proactive approach to addressing corruption through legal and investigative measures.
A Vision for Transparency
The ICPC’s recent activities emphasize its critical role in fostering transparency and strengthening trust in public institutions. Chairman Aliyu reaffirmed the commission’s commitment to delivering sustainable outcomes for the benefit of Nigerians.
Conclusion
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