The Independent Corrupt Practices and Other Related Offences Commission (ICPC), following a petition by an Ad-hoc Committee on the sale of federal government houses, has uncovered nine point eight billion naira realized from the sale of government properties which was deposited in Aso Savings and Loans Plc.
Reports say that the funds, which was not remitted to the federal treasury by the financial institution, was rather used without the government’s knowledge or approval.
It was all discovered that the funds were recovered and corned between 2010 and 2014 from the sale of some government’s properties in the Federal Capital Territory (FCT).
Reacting to the story, ICPC spokesperson, Rasheedat Okoduwa stated that the commission is committed to the recovery of the full value of the unremitted N9.8 billion by taking the properties offered in lieu for the government, subject to satisfactory valuation by the Ministry of Power, Works and Housing.
Upon conclusion of investigation, anyone found in breach of the law will be brought to book accordingly.
