ICPC pledges transparency in 2025 asset disposal exercise

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reaffirmed its commitment to transparency, accountability, and due process in the conduct of its 2025 Asset Disposal Exercise.

ICPC Spokesperson Demola Bakare made the disclosure in a statement on Friday in Abuja, quoting the ICPC Chairman, Dr Musa Aliyu, during Thursday’s official bid opening ceremony for auctioneers.

Aliyu, represented by the Director of the Systems Study and Review Department, Mr Olusegun Adigun, stressed that the entire process would be guided by integrity, transparency, and merit, essential to upholding the commission’s credibility.

He assured that all recovered assets would continue to be utilised for national development, emphasising that every kobo recovered on behalf of Nigerians would be properly managed and channelled transparently.

Aliyu added that submissions from auctioneers would be evaluated strictly on merit, following established criteria without bias or favoritism, reflecting the commission’s commitment to fairness and accountability.

In her remarks, Director of the Proceeds of Crimes Department (POCD), Mrs Grace Aga-Ibe, emphasised Aliyu’s position, affirming that the ICPC remained devoted to ensuring integrity and fairness throughout the process.

The Executive Director of the Centre for Fiscal Transparency and Public Integrity, Mr Umar Yakubu, commended the ICPC for conducting a credible, transparent exercise aligned with the United Nations Convention Against Corruption.

Auctioneers present at the event also lauded the commission for its professionalism and openness, noting that only candidates meeting stipulated requirements would progress to the next stage of the exercise.

Representatives from the Bureau of Public Procurement (BPP) and the Nigerian Union of Journalists (NUJ) attended, reinforcing the transparency of the proceedings.

Our correspondent reports that in October, the ICPC publicised the outcomes of its 2024 Asset Disposal Exercise, demonstrating continuity in promoting accountability and proper management of recovered assets.