Lai Mohammed: ICPC recovered N34B, saved FG N261B in 2 years

The Independent Corrupt Practices Commission (ICPC) Constituency and Executive Projects Tracking Initiative has recovered the sum of N34.346 billion and US$1.62 million between 2019 and 2021, and also saved the sum of N261 billion for the same period.

Lai Mohammed disclosed this during a press conference highlighting the Federal Government’s progress in its fight against corruption.

The was done between 2019 and 2021, as the ICPC traced 2,000 projects worth over N300 billion.

The Minister praised the ICPC for the initiative that was created in 2019 for playing a pivotal role in bringing about structural changes in the operations of the government, especially regarding improvements in MDAs budget utilization, better value for money, improved project completion, service delivery, and a higher level of anti-corruption awareness

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“Recall, gentlemen, that the Commission established the Constituency and Executive Projects Tracking Initiative in 2019 to ensure value for money for the Nigerian people and full execution of projects.

“Between 2019 and 2021, ICPC traced 2,000 projects worth over N300 billion. During the same period, 326 contractors of abandoned projects across the six geo-political zones were forced by the Commission to return to the site to complete projects worth N32.183 billion.

“Also, the ICPC’s Assets Tracing, Recovery, and Management (ATRM) project led to the recovery of cash totalling N34.346 billion and US$1.62 million between 2019 and 2021,” Mohammed said.

He disclosed the ICPC’s System Study and Review of personnel and capital votes of MDAs resulted in savings of N261 billion to the government between 2019 and 2021, securing 66 convictions from the 243 cases it filed in court during the same three-year period.