• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

ICPC recovers over N52bn, $966,900, intercepts N5.9bn diverted funds by MDAs 

Rosalia Ozibo by Rosalia Ozibo
December 18, 2024
in Business News
ICPC , REA , Abubakar Abdullahi Sambo
Share on FacebookShare on TwitterShare on Linkedin

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced the recovery of over N52 billion and $966,900.83 in the past year.

Additionally, the commission intercepted N5.882 billion in diverted public funds across 323 Ministries, Departments, and Agencies (MDAs).

The ICPC Chairman, Dr Musa Aliyu (SAN), disclosed these achievements on Tuesday in Abuja during an event marking his one-year anniversary as the head of the commission.

RelatedStories

Robust frameworks needed for transparent local government fund management in Nigeria – ICPC 

Robust frameworks needed for transparent local government fund management in Nigeria – ICPC 

April 4, 2025
ICPC , REA , Abubakar Abdullahi Sambo

ICPC re-arraigns Professor Igbinoba over alleged degree peddling and forgery in Benin 

April 4, 2025

Dr. Aliyu attributed these milestones to the commission’s unwavering commitment to the rule of law, adapting to evolving trends, and equipping its workforce with modern tools, including ICT capabilities.

“I am therefore bold and proud to reflect on the modest progress we have made and the challenges we have overcome so far. 

“These accomplishments include notable asset recoveries, enforcement actions, and initiatives promoting transparency and good governance,” he said. 

Asset recovery breakdown 

Providing a detailed breakdown of recoveries, Dr. Aliyu said:

  • N29.70 billion in cash was recovered and is currently domiciled in ICPC recovery accounts.
  • N10.98 billion in VAT was recovered and remitted to the Federal Inland Revenue Service (FIRS).
  • N10 billion earmarked for COVID-19 vaccine production was remitted to the treasury.
  • Assets worth N2.5 billion were recovered through court-ordered forfeitures.
  • $966,900.83 was retrieved and secured in the ICPC-CBN account balance.

The ICPC Chairman further revealed that over N5 billion was intercepted during Systems Study and Review (SSR) of MDAs using the commission’s Ethics and Integrity Compliance Scorecard (EICS).

Anti-corruption efforts in MDAs 

Dr. Aliyu highlighted the commission’s focus on institutional accountability through the assessment of 323 MDAs using the EICS.

“As part of its commitment to institutional accountability, the Commission assessed 323 Ministries, Departments, and Agencies (MDAs) through its Ethics and Integrity Compliance Scorecard (EICS).

“It also established 80 Anti-Corruption and Transparency Units (ACTUs) across MDAs to reinforce its anti-corruption efforts.

”While doing these, the Commission stopped the diversion of public funds to the tune of N5.882 billion,” he said.

Dr. Aliyu added that the EICS report for 2024 has been completed and will be made public.

Project tracking initiatives 

The ICPC Chairman revealed that the commission recently completed tracking 1,500 projects nationwide, valued at N610 billion, under CEPTI Phase 7.

”Upon completion of tracking field work last week, follow-up activities are ongoing, and the report is being collated. 

“However, the report of the Phase 6 exercise conducted at the same time last year is ready and will be released to the public today.” 

On petitions received, Dr. Aliyu disclosed that the commission processed 851 petitions, with the following outcomes:

  • 342 petitions assigned for investigation.
  • 95 petitions fully investigated.
  • 72 cases filed in court.
  • 16 convictions secured.

He noted the commission’s efforts to streamline processes for faster prosecution and its success in reviving 10 to 15-year-old cases in courts.

“We have also advanced the fight against sexual harassment and corruption in educational institutions and public offices, achieving ongoing prosecutions and increased public support,” Dr. Aliyu said. 


Follow us for Breaking News and Market Intelligence.
Tags: diverted funds by MDAsICPC
Rosalia Ozibo

Rosalia Ozibo

Related Posts

Robust frameworks needed for transparent local government fund management in Nigeria – ICPC 
Politics

Robust frameworks needed for transparent local government fund management in Nigeria – ICPC 

April 4, 2025
ICPC , REA , Abubakar Abdullahi Sambo
Education

ICPC re-arraigns Professor Igbinoba over alleged degree peddling and forgery in Benin 

April 4, 2025
ICPC , REA , Abubakar Abdullahi Sambo
Business News

ICPC arraigns ex-Foreign Affairs Ministry deputy director for allegedly diverting N5.3 million retreat funds 

March 28, 2025
ICPC , REA , Abubakar Abdullahi Sambo
Legal & Regulations

ICPC recommends technology in fight against alleged corruption in Nigeria Immigration Service

March 21, 2025
FG, ICPC sign MoU to strengthen transparency, accountability in health sector
Health

FG, ICPC sign MoU to strengthen transparency, accountability in health sector

March 17, 2025
ICPC , REA , Abubakar Abdullahi Sambo
Legal & Regulations

ICPC arraigns former Kebbi LG administrator, finance director over alleged N54 million fraud

March 15, 2025
Next Post
Steps to follow in getting a NAFDAC registration for your business in 2024

NAFDAC declares Eziukwu Market Aba as hub for fake and substandard products 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • President Trump’s visa restrictions threaten 16 U.S. colleges depedent on international students 
  • Weekly Market Wrap: SEPLAT, two other heavyweights soar as ASI rakes in 2,708 points; banking sector recovers 
  • Sierra Leone President Julius Maada Bio succeeds Tinubu as ECOWAS President 

Follow us on social media:

Recent News

Trump hosts exclusive dinner for top meme coin investors amid controversy 

President Trump’s visa restrictions threaten 16 U.S. colleges depedent on international students 

June 22, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

Weekly Market Wrap: SEPLAT, two other heavyweights soar as ASI rakes in 2,708 points; banking sector recovers 

June 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics