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ICPC recovered, restrained N166.5bn assets in two-and-half years

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says  it has recovered and restrained cash and assets valued at N166.51 billion from corrupt persons in the last two and half years.

Its spokesperson, Mrs. Azuka Ogugua, explained that this represents an increase of 378 per cent over the assets recovery target of N44 billion under the Commission’s Strategic Plan 2019 – 2023.

Contained in the Commission’s Mid-Term Performance Report (2019 -June 2021), the achievement was presented at the ICPC Board and Management retreat held in Abuja recently.

Recovery of proceeds of corruption through seizures and forfeiture of assets is an enforcement activity of the ICPC.

According to the Mid-Term Performance Report, assets worth N81.23 billion were seized and recovered in 2019; N82.57 billion in 2020 and N2.71 billion between January and June 2021.

The recovered assets include houses, vehicles, electronics, jewelry, clothing and accessories, plots of land, and farms.

The Chairman of ICPC, Prof. Bolaji Owasanoye, SAN, commended the board, management and staff for ensuring that the chain of the Commission remained strong.

He said, “Lead with fresh impetus from the front and not from behind. Be proactive in leadership, pull your weight and the effects will surely be seen. Be prudent with public funds and be firm with staff who are not adding value”.

While acknowledging efforts of the Commission in the fight against corruption, Owasanoye enjoined the management and staff not to rest on the achievements.

”We need to walk the talk. You know the problem and you have the solution so just implement it and produce results,” he stated.

In the Mid-Term Performance Report (2019 – June 2021), the Commission recorded an overall average performance of 134% which represents the weighted average of all targets.

The report further indicated that the anti-corruption agency had an impressive performance in some Key Performance Indicators (KPIs) such as corruption monitoring activities; the Ethics and Integrity Compliance Scorecard assessment of Ministries, Departments and Agencies (MDAs); anti-corruption activities undertaken by ICPC-supported CSO platforms; filing of cases in court; staff training and non-petition intelligence-led investigation.

Under its Constituency and Executive Projects Tracking Initiative, the ICPC tracked over 2,000 projects worth over N300 billion during the period under review.

In the same period, 326 contractors of abandoned projects across the six geo-political zones of the country were forced by the Commission to return to the site to complete projects amounting to N32.183 billion.

The Constituency and Executive Projects Tracking Initiative has aided improved service delivery and higher completion rates for funded projects in compliance with regulatory requirements as well as ensured value for money in the national budget under the present Administration.

The Commission’s Systems Study and Review of personnel and capital votes of MDAs resulted in savings of N261 billion to the government between 2019 and June 2021.

The government saved N89 billion in 2019, N147 billion in 2020 and N25 billion in 2021.

The report further showed that the Commission received 3,940 petitions between January 2019 and June 2021, out of which 1,045 investigations were concluded. It also concluded 119 non-petition intelligence-led investigations during the period.

While the Commission filed 200 cases in court, it however secured 56 convictions during the period under review.

Apart from the notable gains in the enforcement mandate of the Commission, ICPC made giant strides in the areas of sensitisation of the public on and against corruption, staff training and inter-agency partnerships.

The mid-term report showed that ICPC successfully conducted the total of 1,492 sensitization sessions across government agencies and other anti-corruption stakeholders within the two and half years of the report.

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OLOJO FESTIVAL: Nigeria bigger than all of us, Ooni tells politicians

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Monarch begins seven-day seclusion, prays for peace, unity

The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has urged Nigerian politicians to put the interest of the country above their political differences, saying Nigeria is bigger than any individual or political interest.

The monarch spoke on Sunday shortly before commencing a seven-day spiritual seclusion ahead of the 2026 Olojo Festival in Ile-Ife, Osun State.

The annual seclusion is part of the traditional rites preceding the Olojo Festival, one of the major cultural celebrations associated with Ile-Ife and the Yoruba people.

The Ooni, who is also the Co-Chairman of the National Council of Traditional Rulers of Nigeria, said his period in seclusion would be devoted to prayers for Nigeria, particularly for peace, unity and sustainable development.

“I am appealing to our politicians. They might have differences, but we should know ultimately that Nigeria is bigger than all of us,” the monarch said.

“It is very important for our political leaders to always look inwardly on how to better the lot of the average Nigerians.”

The Ooni urged political leaders to avoid words and actions capable of threatening national cohesion, reminding them that political power was temporary.

“Some have ruled this country before as political leaders, and others will come after them,” he said.

He said his prayers would also cover Nigeria’s democratic process, particularly as the country prepares for the next general elections.

The monarch commended President Bola Tinubu over what he described as non-interference in the activities of the Independent National Electoral Commission, saying such a practice could strengthen public confidence in the electoral process.

He also commended Osun residents for participating in the recently concluded governorship election, saying the outcome demonstrated the ability of citizens to determine their leaders through the ballot.

According to him, Nigerians should continue to have the opportunity to freely choose their leaders without actions capable of undermining the democratic process.

The Ooni’s seven-day seclusion, which began on Sunday evening, will also provide him with an opportunity to prepare spiritually for the sacred rites of the Olojo Festival and deepen his connection with the ancestors.

The exercise precedes the annual wearing of the sacred Aare Crown, one of the major highlights of the festival.

A statement by the Senior Media Officer of the Ooni’s Palace, Sodiq Lawal, issued on behalf of the Director of Media and Public Affairs, Otunba Moses Olafare, said the seclusion marked the beginning of the spiritual phase of the 2026 Olojo Festival.

The festival celebrates Ile-Ife’s indigenous traditions and ancestral heritage and attracts traditional rulers, cultural enthusiasts, visitors and members of the Yoruba diaspora.

The public ceremonies are expected to follow the spiritual rites and culminate in the Ooni’s emergence in the sacred crown.

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Tinubu vows intelligence-led rescue of abducted Oyo pupils, teachers

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President Bola Tinubu on Monday assured residents of Oyo State that ongoing efforts to rescue abducted pupils and teachers in Oriire Local Government Area would be intelligence-driven, coordinated and sustained.

The President said the Federal Government would deploy every lawful means, including kinetic and non-kinetic measures, to ensure the safe return of the victims abducted during the May 15, 2026 attack in Esiele and Yawota communities.

“Our rescue efforts will be intelligence-led, careful, coordinated, and sustained. We will deploy every lawful tool available, both kinetic and non-kinetic, to ensure our children and teachers are safely returned home,” Tinubu stated in a statement posted on his X handle on Monday.

The President also expressed sorrow over the killing of a school teacher during the abduction and extended condolences to his wife, Mrs Mary Oyedokun, and the bereaved family.

“I also extend my deepest condolences to Mrs Mary Oyedokun, the wife of the late school teacher and her family. Their sacrifice will not be forgotten, and his family will not be abandoned,” he said.

Tinubu stressed that children should never be exposed to the trauma of abduction, noting that no parent should endure the pain associated with such incidents.

“No child should be taken from the safety of a classroom. No parent should have to endure this anguish,” the President added.

He assured affected communities that efforts to secure the release of the abducted pupils and teachers would remain sustained and intelligence-driven.

The statement comes amid growing concerns over insecurity in schools and rural communities following the abduction, which prompted the Federal Government to dispatch a high-powered delegation to the affected communities in Oriire Local Government Area.

The delegation included the Chief of Staff to the President, Femi Gbajabiamila; the National Security Adviser, Nuhu Ribadu; the Minister of Defence; and the Inspector-General of Police, Kayode Egbetokun, alongside other senior government and security officials.

Tinubu further disclosed that he had approved additional security measures, including the deployment of a specialised security unit equipped with advanced rescue capabilities to intensify efforts towards the safe return of the victims.

“I have also directed the deployment of a specialised security unit with advanced rescue capabilities to intensify efforts to secure the safe return of the abducted pupils and teachers,” he stated.

The President also revealed that the Federal Government, in collaboration with the Oyo State Government, was mobilising 1,000 forest guards to improve surveillance in forest corridors frequently exploited by criminal elements.

According to him, the initiative would be complemented by broader operational measures aimed at strengthening rescue operations and preventing future attacks.

Tinubu added that a request for the establishment of a military base in the affected area was receiving urgent consideration as part of efforts to bolster security.

Authorities have continued rescue operations amid rising concerns over the safety of schools and rural settlements, insisting that efforts remain focused on securing the release of the abducted victims and preventing a recurrence.

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48 alleged terror financiers named by FG {SEE FULL LIST}

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The Federal Government, on Saturday, published a list of 48 individuals and entities allegedly linked to terrorism financing in Nigeria, naming suspects with reported ties to outlawed groups including the Indigenous People of Biafra, Ansaru, and the Islamic State West Africa Province.

The list was released by the Nigeria Sanctions Committee as part of intensified efforts to disrupt financial networks sustaining terrorist activities across the country.

In a statement accompanying the publication, the committee said the designation of the individuals and organisations was in line with Nigeria’s legal and international obligations to combat terrorism financing.

“The Nigeria Sanctions Committee has approved the designation of the following individuals and entities for their alleged involvement in terrorism financing,” the statement read.

It added, “The action is pursuant to relevant laws and regulations aimed at identifying and freezing assets of persons and organisations linked to terrorist activities.”

The committee explained that the move was targeted at dismantling the financial backbone of insurgent and extremist groups operating within and beyond Nigeria’s borders.

Among those listed are individuals reportedly associated with the Indigenous People of Biafra, a proscribed separatist group; Ansaru, a faction linked to Al-Qaeda; and the Islamic State West Africa Province, one of the most active terrorist groups in the region.

Security experts have repeatedly stressed that cutting off funding sources remains a critical strategy in weakening terrorist operations.

Speaking on the development, a senior government official familiar with the process said the publication sends a strong signal about Nigeria’s resolve to confront terrorism at its roots.

“This is not just about naming names; it is about choking the financial lifelines of terror networks. Once funding is disrupted, their operational capacity is significantly weakened,” the source said.

The committee further noted that relevant authorities and financial institutions have been directed to take necessary steps in enforcing sanctions, including the identification and freezing of assets linked to the designated persons and entities.

“The public is also advised to remain vigilant and report suspicious financial activities to appropriate authorities,” the statement added.

The Federal Government reiterated its commitment to safeguarding national security, insisting that individuals or groups found culpable would face the full weight of the law.

As of the time of filing this report, detailed breakdowns of the sanctions and timelines for enforcement were yet to be made public.

 

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