ICPC Investigates N1.34 Trillion Alleged Stolen Funds

Hamilton Nwosa
Writer

Ad

Israel’s strike on Hamas leaders in Doha ignites global backlash, tests US-Qatar ties

By Obinna Uballa Israel’s unprecedented strike on Hamas leaders in Qatar’s capital Doha on Tuesday has triggered an international backlash, raising fears of a wider regional escalation. Hamas says six people were killed, including one Qatari security officer, but insists its senior negotiators, led by Khalil al-Hayya, survived. The Israeli military confirmed it carried out…

‎ ‎How Conflict and Piracy Endanger Global Oil and Gas Transit ‎

Rystad Energy's analysis indicates that the world's five most critical maritime chokepoints are facing escalating risks from conflict, piracy, and environmental hazards, posing a growing threat to global energy security. ‎ ‎These chokepoints, including the Strait of Malacca, Strait of Hormuz, Suez Canal/Bab el-Mandeb, Turkish Straits, and Cape of Good Hope, are vital for transporting…

Ranked: The Size of European Economies by GDP (PPP) in 2025

Key Takeaways Western Europe makes up the largest portion of the $43.8 trillion PPP-adjusted European economy, when measured in International dollars. Eastern Europe ($12.8T) outperforms both Northern ($7.8T) and Southern Europe ($8.3T) in PPP terms, helped in large part by the Russian economy ($7.2T). However, by nominal USD terms, Eastern Europe is the smallest ($4.6T), outweighed by…

Ad

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has begun the processes of investigation that would help the Federal Government trace and recover the N1.34 trillion allegedly stolen by corrupt government officials.

The move followed revelations by the Honourable Minister of Information, Lai Mohammad that 55 Nigerians allegedly stole over N1.34 trillion from public coffers between 2007 and 2015.

ICPC Chairman, Mr. Ekpo Nta, speaking during an appearance on Nigeria Television Authority (NTA) said that the missing money can be traced.

Mr. Nta said ICPC was analyzing intelligence reports so far gathered on the issue and would go into action at the conclusion of its analysis with a view to bringing the perpetrators to book.

He said, “Some of these revelations have put to fore the issues bedeviling the country and giving us bad names. What has now been put in the open, we have to sift it and that is what we have been doing.

‘That money must come from somewhere; if it was appropriated by the government through the National Assembly, it is going to be traced. If it comes from the bank, it makes life easier for everybody.”

The Chairman further spoke on new strategies being put in place by the Commission to stop the looting of public funds by corrupt civil servants and political office holders.

The ICPC boss who also spoke on the independence of ICPC stressed that he had never experienced any interference or received directives from government on any investigation.

He said, “From written reports of my predecessors, I can say that there has never been government interference. No government has ever directed me to go after anybody. The past government did not do that and the new government has not done that.”

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp