Tag: ICPC
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ICPC didn’t invite me before declaring me WANTED, says Buhari’s former son-in-law
Former son-in-law of President Muhammadu Buhari, Gimba Yau Kumo, said he was never invited by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) before he was declared wanted. Kumo said this in a letter addressed to the Chairman of the ICPC, Prof. Bolaji Owasanoye, which is dated May 18, 2021. The ICPC had…
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Presidency distances Buhari from WANTED ‘son-in-law’, says marriage to PMB’s daughter over
The Presidency has distanced President Muhammadu Buhari from fugitive, Gimba Yau Kumo, the former managing director of the Federal Mortgage Bank. The presidency on Friday revealed that Kumo’s wedding to Buhari’s daughter is long broken. This is coming after Kumo was declared wanted on Thursday by the Independent Corrupt Practices and Other Related Offences Commission…
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What we do with recovered funds, ICPC chairman reveals
ICPC does not spend recovered funds, but pays them into Federal Government’s coffers, it chairman, Prof. Bolaji Owasanoye, has said. Owasanoye told the Senate Committee on Finance investigating activities of revenue generating agencies of the Federal Government that ICPC had no retention powers over funds or assets recovered from corrupt people. ICPC spokesperson, Mrs Azuka…
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Nigeria loses $10bn to illicit financial flows – ICPC
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says Nigeria accounts for 20 per cent or 10 billion dollars (N3.8 trillion) of the estimated 50 billion dollars that Africa loses to Illicit Financial Flows (IFFs). Chairman of ICPC, Prof. Bolaji Owasanoye, said this during a virtual meeting to review a report on IFFs…
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ICPC clears Sanwo-Olu’s commissioner of corruption allegations
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has cleared the Lagos State Commissioner for Tourism, Arts and Culture, Uzamat Akinbile-Yussuf, of corruption allegation. In a petition to ICPC dated March 2, 2020, the group, Parrot Deed International Network, had alleged that Akinbile-Yussuf, acquired some properties while she served as a commissioner in…
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ICPC uncovers $919,000 hidden in bank by government officials
The Independent Corrupt Practices and Other Related Offences Commission has discovered the sum of USD 919,202.07 (approximately N450 million) fraudulently hidden in a bank account by some officials of the Federal High Court in Port Harcourt, Rivers State. The ICPC said it acted on a petition instituted against the officials and has therefore obtained an…
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Court fixes date to hear whistleblower’s N100m suit against ICPC
The Federal High Court, Abuja, has fixed Feb. 24, 2021, for hearing in a N100 million suit filed by a whistleblower, George Davidson, against the ICPC. Justice Nkeonye Maha , who adjourned the matter in her ruling, hinged the decision on the fact that parties in the suit had yet to be joined. Also joined…
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ICPC decries Nigeria’s loss to illicit financial flows
Prof. Bolaji Owasanoye, the Chairman of the Independent Corrupt Practices Commission (ICPC), says Nigeria is losing about 60 per cent of its financial income to illicit financial flows. Owasanoye said this when a delegation of the NAN led by its Managing Director, Mr Buki Ponle, visited the commission’s headquarters in Abuja. Illicit financial flow, which…
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Diversion of N2.67bn school feeding fund: ICPC clears air on Minister’s involvement
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has opened up on the purported involvement of the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq on the diversion of the N2.67 billion school feeding funds. ICPC had reported that N2,67 billion meant for secondary school students in Federal boarding schools…
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Alleged diversion of N2.6bn school feeding funds: Buhari’s minister speaks
The Minister of of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq has challenged the Independent Corrupt Practices and Other Offence Commission, ICPC to publish the names of persons, federal colleges and school heads responsible for alleged diversion of N2.72b budgeted for School feeding during COVID-19 lockdown to private accounts. The Minister…