How ICPC reportedly discovered FG’s N9.8bn hidden top Nigeria bank

Filed in Local News by on October 12, 2018 0 Comments

– ICPC says it has discovered that N9.8bn realised from the sale of some government assets was deposited in a bank instead of the national treasury

– The anti-graft agency states that it made the discovery after receiving a petition on the work of the committee and acted on it

– The commission says the bank in question is willing to swap some of its properties located in Abuja and Lagos in exchange for the unremitted funds

The sum of N9.8bn belonging to the federal government which was allegedly hidden in a Nigerian bank has been reportedly discovered by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Rasheedat Okoduwa, the spokesperson for the commission, in a statement said the money being part of the sum realised from the sale of government assets was deposited in the bank instead of the federal treasury.

The anti-graft agency stated that managing director of the bank had been interrogated over the issue, The Punch reports.

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In 2005, the federal government set up a committee, the Ad Hoc Committee on the sale of federal government houses, to sell some of its properties in the Federal Capital Territory,” the statement from ICPC read in part.

“The ICPC received a petition on the work of the committee and commenced investigation, in the course of which it unearthed the fact that the sum of N9.8bn realised by the committee between 2010 and 2014 from the sale of government properties which was deposited in a bank and not remitted to the federal treasury by the financial institution.

“Amongst the several officials invited for investigation, the current managing of the bank revealed that the bank is currently experiencing paucity of funds, therefore, it is willing to swap some of its properties located in Abuja and Lagos in exchange for the unremitted funds.”

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Meanwhile, in a report on politics, the All Progressives Congress (APC) has re-emphasised its position that Nigerian electorate must have opportunity to choose from candidates that could pass the integrity and anti-corruption test in 2019 general elections.

Yekini Nabena, the APC acting national publicity secretary, said this in a statement on Thursday, October 11, in Abuja.

Nabena said that the Peoples Democratic party (PDP) cannot avoid corruption, integrity test for its candidates, The News Agency of Nigeria (NAN).

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