The Chairman of the Independent Corrupt Practices and Other Related Offences Commission(ICPC), Mr. Ekpo Nta, yesterday confirmed the recovery of N8, 705, 750, 426.15 from Infrastructure Bank and other five sources in 2016. Nta made this disclosure at a news conference in Abuja, while adding that about 303 criminal cases were still ongoing.
He said: “In 2016, we were able to recover N8, 705, 750, 426.15 including about N6billion which was frozen in Infrastructure Bank. Also, out of the total amount, N668 593, 621. 60 was refunded to Kano State from SURE-P funds; we have about N292, 013, 150.64 in TSA and N1, 694, 397, 275. 51 pension monies paid to Nigeria Electricity Liability Management Company (NELMCO) beneficiaries and others.
“The recoveries include N20, 890,000 for NSITF Multi-purpose Cooperative Society and the balance of recovery is for extorted students of the Federal University of Agriculture, Abeokuta (FUNAAB) and other victims. About 124 vehicles were recovered under the SURE-P Programme last year. We have handed over 40 of the vehicles, which we retrieved from some directors, to the Federal Ministry of Water Resources on January 26. Part of what we are doing is to escalate the recovery process this year.”
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