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ICPC Recovers N117bn from Corruption Proceeds in Eight Months

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ICPC poor funding

By Adedapo Adesanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it recovered N117 billion from corruption proceeds between January and August 2022.

This was disclosed by ICPC chief, Mr Bolaji Owasanoye, while addressing the House of Representatives Committee on Anti-corruption and Appropriation during the commission’s defence of its 2023 budget proposal in Abuja.

Mr Owasanoye also noted that the ICPC was able to complete 672 investigations and 565 non-petition-led investigations, thanks to its 2022 budget.

Mr Owasanoye noted that the recoveries included N1.413 billion and $225,965 in ICPC/TSA recovery account and N1.264 billion cash through tax intervention.

Others were plots of land, completed buildings, vehicles, electronics and jewellery valued at N679.13 million, N2.603 billion, N81.1 million, N1.55 million and N195,500.

He also noted that they restrained N49.9 billion through System Study and Review intervention, N6.435 billion cash through budget tracking, N53.91 billion through ICPC advisory, and N614.2 million in other accounts.

“Securing of 15 convictions; 538 projects tracked under Constituency and Executive Projects Tracking Initiative (CEPTI); deployment of Ethics and Integrity Compliance Scorecard on 260 MDAs; Review of Open Treasury Portal in 30 MDAs were also accomplished.

“System Study and Review of 10 MDAs; inauguration of 26 Anti-Corruption and Transparency Units (ACTUs); 14 Corruption Monitoring activities undertaken; and public enlightenment and education of Nigerians on and against corruption through various platforms,” he added.

The ICPC recently announced that it would begin the process of disposing of assets forfeited through the Proceeds of Crime (Recovery and Management) Act (POCA).

Mr Owasanoye said the bill would have a positive impact on the anti-corruption war, describing it as a tool ensuring clarity for asset recovery and management.

He noted that POCA was introduced to improve the management and disposal of forfeited assets, citing the former unregulated structures surrounding forfeited assets leading to revenue losses, as the ICPC also set up a governing directorate and ensured that all processes were executed by professionals to ensure transparency.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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CNPP Begs Wike for Certificates of Occupancy Payment Deadline Extension

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FCT Minister Wike

By Modupe Gbadeyanka

The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has been urged to extend the deadline for the payment of Certificates of Occupancy (C of O) by property owners in Abuja.

This plea for an extension was asked by the Conference of Nigeria Political Parties (CNPP) through a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.

The group said the initial two-week grace period given to the affected allottees, which expired on Friday, January 3, 2025, was insufficient, considering the current economic challenges facing the country.

Recall that after public outcries, Mr Wike, who is the immediate past governor of Rivers State, granted an extension to the owners of the 762 revoked plots of land in Maitama, Abuja.

“We are appealing to the Minister and the Federal Capital Territory Administration (FCTA) to tamper justice with mercy and issue an extension in the spirit of the yuletide and in view of the economic challenges in the country,” the association stated.

It stressed that the extension would give the affected individuals and groups ample time to comply with the directive, thereby avoiding any undue hardship or loss.

“We pray that the Minister and the FCTA will grant the allottees an extension to comply with the directive, giving all the affected individuals and groups enough time to have themselves to blame at the end of the final extension,” the statement added.

The CNPP’s appeal comes on the heels of its recent expression of concern over the escalating hunger and suffering faced by millions of Nigerians due to the economic realities in the country.

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All Farmers Association of Nigeria Dissociates Self From Ado Kano

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North-East Farmers

By Adedapo Adesanya

The All Farmers Association of Nigeria (AFAN) has dissociated itself from an unofficial viral statement by one of it members, regarding posters indicating activities of the organisation.

The group dissociated itself from the member in a statement signed by its National President and the National Secretary, Mr Kabiru Ibrahim, and Mr Yunusa Halidu, respectively.

“This post is made by an authorized member, Ado A Ado Kano.

“The opinions and views expressed here are those of the author and do not reflect the official policy or position of the group, its administrators, or other members.

“For official statements, please refer to AFAN official contact or platform,” parts of the statement made available to Business Post stated.

According to AFAN, the unofficial posters flying around doesn’t represent the association, noting that Mr Kano is not authorized by AFAN or its officials but those of the author.

AFAN is the umbrella organisation for all farmers’ commodity associations in Nigeria.

Its vision and mission are to assemble all Nigerian producers into one organization, providing a single interlocutor for the government to address agricultural issues with the farming community.

AFAN was formed by the merger of the All-Farmers Association of Nigeria (ALFA) and the National Farmers’ Association of Nigeria (NAFAN).  The merger was recommended by former Nigerian president, Mr Olusegun Obasanjo.

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BUA Debunks Claims of 90% Completion of Refinery in Akwa Ibom

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BUA Pasta Processing Plant

By Adedapo Adesanya

BUA Group has denied widespread reports that its ongoing construction of a 200,000 barrels per day capacity refinery located in Akwa Ibom State is 90 per cent completed.

In a statement signed on Sunday, the group with subsidiaries in food, cement, and energy sectors said that the claims that the structure was at end stage did not come from it.

“Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us,” a part of the statement read.

It clarified that the project was progressing well and added that it was going to meet the project timeline of 2025.

“As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily.

“Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners.

“This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the group said.

BUA is also carrying out other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country, which it said are also progressing rapidly.

The group says this will add additional capacity to our over 1,000MW installed captive power generation capacity.

“The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons,” the statement said.

“At BUA, we remain committed to transparency and excellence. As we have consistently done with over 12 of our completed mega industrial projects worth over $ 3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved.

“We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria,” it added.

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