Corruption: ICPC Recovers 241 Houses from 1 Civil Servant Amid Housing Deficit in Nigeria

• Following the shortfall of housing units in the country, the ICPC disclosed it has recovered houses from a public servant
• The commission revealed 241 houses were reclaimed from a public servant and 60 houses from another public officer in Abuja
• The ICPC hinted further that the sum of N51billion promissory notes were gotten back from various real estate developers in FCT

Abuja- The Independent Corrupt Practices and Other Related Offences Commission (ICPC), said it has recovered houses from a public officer in Federal Capital Territory (FCT), Abuja.

The commission disclosed 241 houses were reclaimed from a public servant and 60 houses from another public servant, Leadership reported.

This summed it up to 301 houses owned by two Nigerians following shortfall of housing units in the country.

Meanwhile, the ICPC was able to make this discovery while trying to uncover owners of luxury estates in Abuja.

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The ICPC chairman, Prof Bolaji Owasanoye, made this disclosure on Thursday, October 28, when he appeared before the House of Representatives ad-hoc committee on the operations of real estate developers in the FCT.

He said such public officers acquire estates in pseudonyms to conceal the illegal origin of funds, Vanguard also reported.

He stated:

“If they had been constructed with funds that were borrowed at market rates, I don’t think any investor would allow such properties to be empty. One way or the other they would put them to use. So, it is suspected that some of those estates have been used to launder ill-gotten public funds.

“The commission has for example in one case recovered 241 houses from a public officer and another one in which we recovered 60 buildings on a large expanse of land from another public officer.”

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The agency also recovered an advance of N51billion promissory notes from various real estate developers in the nation’s capital.

Alleged N1.4billion subsidy fraud: EFCC chairman testifies in court

Meanwhile, Legit.ng had earlier reported that the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa disclosed to a Lagos High Court in the Ikeja Area how an oil marketer, Abubakar Peters, and his company, Nadabo Energy Limited, forged documents to obtain N1.4bn as subsidy from the federal government.

It was reported that the EFCC boss, who was in the witness box for over 6 hours on Wednesday, September 22, gave extensive details of how the EFCC conducted its investigations and uncovered the fraud.

Through the witness, the court also admitted in evidence several documents as proof of the alleged fraud.

Source: Legit.ng