ICPC seeks approval to keep percentage of recovered loot
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has written the national assembly, requesting approval to keep a part of recovered loot.
Rasheedat Okoduwa, ICPC spokesperson, made this known in a statement on Friday.
She said the request was one of the proposals made by the commission through a memorandum submitted to the house of representatives committee on anti-corruption.
According to the statement, the memorandum which was submitted by Abdullahi Bako, ICPC’s acting chairman, argued that retention of a percentage of the recovered loot would further strengthen the agency financially.
In October 2016, the Economic and Financial Crimes Commission (EFCC) made a similar request through Ibrahim Magu, its acting chairman,
“In some jurisdictions like the UK, proceeds of crime are further used to strengthen the agency.
“In EFCC, we have been struggling for years to build our headquarters and when I think of the billions of Naira we recover, I can see what would have happened if we are allowed to apply a percentage of this recovery into our operations.
“There is the need for an Act to make a provision for an application of the proceeds of crime into recapitalising the anti-graft agencies,’’ he had said.
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