ICPC Seizes 44 Properties Worth N14.7 billion From 32 Companies In Abuja

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has recovered 44 properties allegedly linked to 32 corporate entities.

The Commission disclosed this in a statementon Friday, noting that the properties which were all located in the Federal Capital Territory included two mansions , 27 bare lands, one factory building,and 15 buildings at Asokoro, Maitama and other districts.

It noted that the properties cumulative value had been put at N14.7 billion, and were seized after the entities denied their ownership.

“The Commission, in collaboration with the Federal Inland Revenue Service (FIRS), had found that the entities had N883.7 million tax liability on the seized properties,” ICPC said in the statement.

“The seizure is based on Section 45(4) of the Corrupt Practices and Other Related Offences Act 2000.”

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