The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced the recovery of cash and assets valued at N166.51bn from corrupt persons in the last two and half years.
This represents an increase of 378 percent over the assets recovery target of N44 billion under the Commission’s Strategic Plan 2019 – 2023.
This is contained in the Commission’s Mid-Term Performance Report (2019 -June 2021) presented at the ICPC Board and Management.
According to the Mid-Term Performance Report, assets worth N81.23 billion were seized and recovered in 2019; N82.57 billion in 2020, and N2.71 billion between January and June 2021.
The recovered assets include houses, vehicles, electronics, jewelry, clothing and accessories, plots of land, and farms.
In the Mid-Term Performance Report (2019 – June 2021), the Commission recorded an overall average performance of 134% which represents the weighted average of all targets.
Under its Constituency and Executive Projects Tracking Initiative, the ICPC tracked over 2,000 projects worth over N300 billion during the period under review.
In the same period, 326 contractors of abandoned projects across the six geo-political zones of the country were forced by the Commission to return to the site to complete projects amounting to N32.183 billion.
The government saved N89 billion in 2019, N147 billion in 2020 and N25 billion in 2021.
The Report further showed that the Commission received 3,940 petitions between January 2019 and June 2021, out of which 1,045 investigations were concluded. It also concluded 119 non-petition intelligence-led investigations during the period.
While the Commission filed 200 cases in court, it however secured 56 convictions during the period under review.
