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ICPC Discovers School Feeding N2.67bn In Private Accounts - Politics - Nairaland

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ICPC Discovers School Feeding N2.67bn In Private Accounts by Luckydubby7(m): 7:04pm On Sep 28
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it had discovered N2.67 billion of funds meant for feeding in some schools, stashed away in some private bank accounts.

The anti-corruption agency disclosed this on Monday during its 2nd National Summit on Diminishing Corruption and launch of the National Ethics and Integrity Policy at the Presidential Villa in Abuja.

Chairman of the ICPC, Professor Bolaji Owasanoye, explained the money was meant for some Federal Colleges during the COVID-19 lockdown.

He said further the Commission also discovered over N2.5 billion appropriated by a deceased senior civil servant in Ministry of Agriculture for himself and cronies, listing other assets recovered in the Ministry Agriculture to include 18 buildings, 12 business premises and 25 plots of land.

He said under Open Treasury Portal review carried out between January to August 15, 2020, out of 268 Ministries, Departments and Agendas (MDAs) 72 of them had cumulative infractions of N90 million. He said while 33 MDAs tendered explanations that N4.1 billion was transferred to sub-TSA, N4.2 billion paid to individuals had no satisfactory explanations.

According to Owasanoye: “We observed transfers to sub-TSA were to prevent disbursement from being monitored. Nevertheless, we discovered payments to some federal colleges for school feeding in the sum of N2.67 billion during lockdown when the children are not in school, and some of the money ended up in personal accounts. We have commenced investigations into these finding.”

The ICPC chairman also said under its 2020 constituency and executive projects tracking initiative, 722 projects with a threshold of N100 million (490 ZiP and 232 executive) were tracked across 16 states.

The ICPC chairman said in education sector, 78 MDAs were reviewed and common cases of misuse of funds were uncovered.

Some of the discoveries include life payment of bulk sums to individuals/staff accounts, including project funds; non-deductions/remittance of taxes and IGR; payments of unapproved allowances, bulk payment to micro finance banks, payment of arrears of salary and other allowances of previous years from 2020 budget, payment of salary advance to staff, under-deduction of PAYE and payment of promotion arrears due to surplus in Personnel Cost, abuse and granting of cash advances above the approved threshold and irregular payment of allowances to principal officers.

On asset recovery, Owasanoye said the commission recovered N16 billion from Ministry of Agriculture paid into individual accounts for non-official purposes.

He said: “We have restrained or recovered by administrative or court interim and final orders assets above N3 billion, facilitated recovery of $173,000 by the whistle blower unit of FMFB&P from an erring oil company, retrained £160,000 in a UK-bank in an ongoing interim forfeiture. These figures exclude quantum of recoveries on return or contractors to site as a result of projects tracking initiatives.

“It should however be noted that some of these assets are subjected to ongoing cases and where suspects proved their cases physical or liquid assets will be released in accordance with laid down laws, guidelines or court directives.”

https://thenationonlineng.net/icpc-discovers-school-feeding-n2-67bn-in-private-accounts/

3 Likes 3 Shares

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by icebird25(m): 7:07pm On Sep 28
Heheheheh


Please someone should read and summarize for me o....with all the problem in this country I don't think I can be a able to finish this long epistle o

24 Likes 2 Shares

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by donbachi(m): 7:30pm On Sep 28
Collect all the looted funds from naija politicians.whether elected,selected or appointed.poverty will kill of them.tufiakwa!.

8 Likes 1 Share

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by inoki247: 7:46pm On Sep 28
I'm sure this is not happening under Mr Integrity cause dem don feed all the kids already...

112 Likes 1 Share

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by hisgrace090: 8:19pm On Sep 28
Fantastically currupt.......


Are we going to import good leaders from another planet my country people?

19 Likes 2 Shares

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by infohenry(m): 9:26pm On Sep 28
inoki247:
I'm sure this is not happening under Mr Integrity cause dem don feed all the kids already...
No matter who the president is, corruption will continue to thrive in Nigeria because we are all thieves and until Nigerians decide to stop stealing nothing any president will do. Is president a computer program that will monitor every adult in Nigeria in position of trust.

88 Likes 8 Shares

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by Abouwaza(m): 10:00pm On Sep 28
Yeye
We said it when they brought the program that it's all scam but zombees called us names
Anyways the woman involved is Bubu's girlfriend so don't expect anything tangible to come out of this
We move on as usual

16 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by MarrisManah(m): 10:02pm On Sep 28
infohenry:
No matter who the president is, corruption will continue to thrive in Nigeria because we are all thieves and until Nigerians decide to stop stealing nothing any president will do. Is president a computer program that will monitor every adult in Nigeria in position of trust.
You don't know how corruption works. If the head is upright, them no born you well to thief.... Buhari has a lot to do... More than ordinary Nigerins.

143 Likes 9 Shares

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by tiger28: 6:48am On Sep 29
SADLY, the RECOVERED loot will be RE-LOOTED by ANOTHER agency. I have said it before that IF ALL NIGERIAN POLITICIANS ARE CHANGED TO EUROPEANS/ NON-AFRICANS, they will govern this country with BETTER Zeal and HIGHER LEVEL OF SERVICE than our OWN Nigerians.....Because they UNDERSTAND the word SERVICE. Obama and almost all Western Politicians went into politics for SERVICE NOT FOR ENRICHMENT . They have been WIRED to understand SERVICE . Former Italian PM was sent to jail for embezelling LESS THAN $100K. Meanwhile An avg Nigerian Politician makes almost QUADRUPLE what Obama was making as President and Obama was STILL VERY HAPPY TO SERVE. The Black African sees Politics as a way of making illegal money NOT service.... PATHETIC!!!

47 Likes 3 Shares

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by backnbeta(f): 6:54am On Sep 29
Who among the 'school feeding people' will not have billions stashed in their private accounts? Mtchew, ICPC just had to say something to stay relevant undecided

1 Like

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by philipstanley(m): 7:35am On Sep 29
I knew it will come to this am not surprise

9 Likes 1 Share

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by Racoon(m): 8:04am On Sep 29
Very wicked souls! This is they money they claimed they were feeding school children with during the Coronavirus lockdown that they embezzled.

Yet this complicit government said its monitored the disbursement of these funds.Unless the death penalty is legislated against looting this corruption will not be controlled let alone eliminated.

21 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by NeoWanZaeed(m): 8:07am On Sep 29
e no shock me na..
we don know already

7 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by vickydankal(f): 8:07am On Sep 29
Feeding gone wrong

1 Like

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by AFULA(m): 8:08am On Sep 29
okay
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by sammysneh(m): 8:08am On Sep 29
This country is fantastically corrupt, By the year 2023 wen buhari n his goons leave office the country will have been well looted dry

Any way na to japa commot naija sure pass

10 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by MrTAnonymous(m): 8:08am On Sep 29
Lol... We know, Nigerians are corrupt.


Incase you don't know na me talk
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by Colb461: 8:08am On Sep 29
nothing amuse me about this country again..
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by NaijaOlosho(f): 8:08am On Sep 29
grin

Mist corrupt nation in the world is Nigeria
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by BruncleZuma: 8:08am On Sep 29
What else is new in Songhai?
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by Teewhy2: 8:09am On Sep 29
It seems buhari is the only one fighting corruption if actually he is doing that while the other people that surrounds him are fighting for their pockets.
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by updatechange(m): 8:09am On Sep 29
We all know it was all a gimmick when they said they want to feed school children during lockdown... I still can't comprehend the importance of the school feeding when thesame children are at home with their parents.

APC GOVERNMENT IS A SCAM
APC MEANS CRIMINALS angry

9 Likes 1 Share

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by qanda: 8:09am On Sep 29
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by Sysdatek: 8:09am On Sep 29
yes oh

arrewa and his brothers will use it to flaunt lambos next salah

7 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by HeadShot: 8:09am On Sep 29
undecided

We have never had it this bad...

Corruption everywhere

And the useless lawan was yabbing his dirty mouth....

God punish all those supporting this cleptomatic administration,....
God punish Buhari the biggest thief to roam the face of the earth

3 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by SpecialAdviser(m): 8:09am On Sep 29
This one is the money that could be transferred outside Nigeria.

The people I blame in all are those m.orons who keep hailing useless policies of this administration.

Is it not surprising that some of them are already campaigning for Osibanjo to take over. Can you tell me which of the policies he is coming to implement differently.

3 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by bolaji1023: 8:10am On Sep 29
corruption everywhere
Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by tempest01(m): 8:10am On Sep 29
A,clueless and docile president. None of the appointees respect or regard him. Stealing to stupor. As long as they are in the good books of the cabal hiding in the background to steal their own share, they are fine.


All these when oil prices are low, pandemic is ravaging finances. We have a long way to recovery

3 Likes

Re: ICPC Discovers School Feeding N2.67bn In Private Accounts by chatinent(m): 8:10am On Sep 29
Na wa o

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