HomeFinancialMonetaryICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others

ICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others

ICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others

 

No fewer than 50 contractors, consultants, and staff members of Ministries, Departments, and Agencies of the government are being investigated by the Independent Corrupt Practices and Other Related Offences Commission under phase five of its ongoing tracking of constituency projects embarked upon by federal lawmakers.

This was revealed in the phase five tracking report shared by the anti-graft agency on its verified X account recently.

The ICPC noted that the exercise was carried out to investigate fraudulent procurement practices in the award of contracts for the Zonal Intervention Projects, otherwise known as constituency projects, executed under the 2019, 2020, and 2021 budget years during the administration of former President Muhammadu Buhari.

According to the agency, about 200 bank accounts used for illegal deals on the projects were also frozen, while over N5.6bn was recovered as cumulative savings for the Federal Government during the exercise.

It stated, “No fewer than 50 persons were detained during the investigations part of the exercise. This number includes legislators, staff of executing agencies, contractors, and consultants.”

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