Ex-military chief stole N4bn, bought property – ICPC

The Chairman of the Impartial Corrupt Practices and Different Associated Offences Fee, Prof. Bolaji Owasanoye, has revealed that an ex-military chief stole the sum of N4bn from army finances and deposited it into the accounts of two firms the place he’s the useful proprietor and sole signatory.

He additional acknowledged that the proceeds from the loot have been used to buy properties in Abuja within the names of cronies and proxies of the army chief, and a number of the properties paid for by his service have been additionally fraudulently transformed to his use.

Owasanoye made this recognized on Friday throughout an occasion tagged, ‘Nationwide Coverage Dialogue on Corruption and Insecurity in Nigeria’, held on the ICPC headquarters in Abuja.

He famous that analysis and investigations by the Nationwide Safety Company and the ICPC on the problem of insecurity had proven that public sector corruption immediately and not directly enabled insecurity and will typically complement it.

He mentioned, “Some former army and safety personnel are being investigated by the ICPC and our sister company (the Financial and Monetary Crimes Fee) for embezzlement of funds allotted to safety.

“For instance, a former head of one of many arms of the army, within the twilight of his tenure, deposited the sum of N4bn from army finances into the accounts of two firms the place he’s the useful proprietor and sole signatory.

“The proceeds have been used to buy properties in Abuja within the names of cronies and proxies. A number of the properties paid for by his service have been additionally fraudulently transformed to his use.

“ICPC’s prosecution of this excessive rating officer to get well all of the implicated property was surprisingly and perversely annoyed by a lately retired Excessive Court docket choose who determined to forfeit a number of the property to FGN and the remainder left to the suspect.

“Whereas the fee has filed a discover of attraction, this unusual growth aggravates an already dangerous scenario and escalates insecurity and impunity.”

He famous that circumstances of job racketeering abound within the safety sector, disclosing that lots of them have been beneath investigation by the ICPC.

Owasanoye mentioned corruption was a significant contributory issue to the continued existence and propagation of insecurity within the nation.

The ICPC boss lamented Nigeria’s worsening insecurity challenges, noting that the ensuing affect on her economic system and picture had continued to be reason behind concern to Nigerians, together with the leaders within the three arms of presidency and anti-corruption practitioners.

He mentioned, “One other case beneath investigation is theft of a part of particular intervention fund permitted for safety operations by some civil servants within the line ministry who transferred about N1bn to 4 Shell firms.

“A particular investigative staff beneath the management of NSA and ICPC recovered a number of the diverted property, together with cutting-edge constructing positioned in Abuja and over N220m money. Investigation on this matter remains to be ongoing.

“The truth is, a medical prognosis of the insecurity menace within the nation reveals that to successfully fight insecurity, we require the collaborative efforts of safety businesses (the army, intelligence, police, customs, Prisons, others), in addition to regulation enforcement and anti-corruption businesses.

“There are additionally ongoing investigations into army contracts spending. Just lately, ICPC arrested a army contractor that acquired over a interval of lower than 10 years cumulative sum of about N6bn from the Nigerian Military in suspicious circumstances and in violation of extant laws.

“The fee’s restoration of big money sums in native and foreign currency echange, luxurious vehicles, customised cell phones, designer watches, together with three Rolexes, in addition to property paperwork from the premises of the contractor, underscore the corruption that usually attend army procurement.”

Safety enhancing – Lawan

In the meantime, the Senate President, Ahmed Lawan, on Friday mentioned the marching order given by President Buhari to safety businesses to flush out terrorists by December is yielding outcomes.

Lawan mentioned the safety scenario within the nation had improved.

The Senate President added that legislators had continued to assist the hassle of the federal government to deal with insecurity within the nation, because the Nationwide Meeting had ensured that the appropriation for defence and safety was strengthened yr on yr.

“(The) safety scenario within the nation has improved within the final one month. Solely lately, the President gave a marching order to the Armed Forces to extinguish bandits, kidnappers and different prison brokers which can be towards the state and her residents, by December 2022. This administration is dedicated to reaching this set goal.


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