Home » Over N100 million diverted funds recovered from federal MDAs in one state: ICPC

Over N100 million diverted funds recovered from federal MDAs in one state: ICPC

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The Independent Corrupt Practices and Other Related Offences Commission, ICPC, says it recently recovered over N100 million diverted by federal MDAs in one state.

Bolaji Owasanoye, the commission’s chairman, disclosed this on Friday at the presentation of demo hacking solutions by seven innovators at the commission’s headquarters in Abuja.

He decried the spate of public sector corruption, saying official corruption and illicit financial flows could only be curbed by deployment of technology.

“Technology is crucial to eliciting, analysing and preserving evidence for prosecution.

“Public Sector corruption in revenue and expenses sides of government remains a present threat.

“Government is agonising over serious shortfalls in revenue projections and the consequences of resorting to borrowing to meet gaps.

“Recently ICPC profiled some Federal MDAs in one state who had been diverting FG’s share of IGR.

“It recovered over N100m from less than 20 MDAs that will be regarded non important on revenue generation,” Mr Owasanoye explained.

The chairman said the commission had in the past three years invested in technology to enhance its forensic capability.

He added that they have trained ICPC staff in digital documents analysis, handwriting analysis, polygraphic technology, and sundry skills.

“In the past 15 years, the government has generally invested in technology to fight corruption, especially by prevention,” he added.

He particularly said deployment of technology through the Integrated Payroll and Personnel Information System, Government Integrated Financial Management System and Treasury Single Account has contributed in no small way to reducing corruption.

Other areas are the Open Treasury Portal, establishment of Nigerian Financial Intelligence Unit and the private sector initiated Bank Verification Number.

Mr Owasanoye called for more collaboration by law enforcement agencies in the deployment of technology to reduce  opportunities for money laundering.

“Appropriate technology deployment will give law enforcement agencies, administrators and regulators of the process adequate leverage to know what school feeding funds were being used for.

“Technology penetration in Nigeria today makes this very possible.

“Such platforms will help nip anomalies in the bud and save the government huge sums of money as well as prevent abuse, corruption and money laundering,” he added.

The Regional Director, Ford Foundation, West Africa, Dr Chichi Aniagolu, commended the ICPC for initiating the project, saying it would boost the fight against corruption.

 

 

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