CRIME

ICPC seizes 44 assets worth N14.7bn

Published

5 years ago

November 8, 2019

Provide information on corrupt persons, ICPC urges Nigerians

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Friday said it had seized 44 assets valued at N14.7 billion.

Spokesperson of the anti-graft agency, Mrs Rasheedat Okoduwa, disclosed this in a statement in Abuja.

Okoduwa said the assets, located in the Federal Capital Teritory, comprised two mansions, 27 pieces of land, one factory building and 15 buildings at Asokoro, Maitama and other districts.

She stated that the assets were linked to 32 corporate entities and that the seizures followed the denial of ownership by the supposed owners.

She said: “The commission, in collaboration with the Federal Inland Revenue Service (FIRS), had found that the entities had N883.7 million tax liability on the seized properties.

“The seizure is based on Section 45(4) of the Corrupt Practices and Other Related Offences Act .”

Related Topics:

Up Next

Police confirm 2 students drowned in Ekiti

Don't Miss

EFCC secures 890 convictions in 10 months – Magu

NEWSVERGE

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.