PERHAPS some people may not find this mind-blowing given that Nigerians have become accustomed to hearing about outrageous looting of the nation’s treasury by public officials.

But many would appreciate that even with the falling value of Nigeria’s currency, N450 million could save lives in the health sector where government hospitals in the country lack many equipment.

The quantum of money in question, if deployed in fixing the collapsed portions of the Benin/Ore Highway, could as well reduce the alarming rate of auto crashes on that road.

However, the systemic nature of corruption in the country ensured that the money, instead of being expended on common good, was used to purchase exotic vehicles and then converted to personal properties by some top public officials.

The discovery came to light in the course of an investigation by Sunday Vanguard into the activities of the Independent Corrupt Practices Commission,ICPC.

The manner in which the misappropriation took place offers insight into how undermining some public officials had been to the Nigerian story. Some top officials of Ministries, Departments and Agencies,MDAs, were discovered to be chiefly involved in the matter.

Some top officials of Ministries, Departments and Agencies,MDAs, were discovered to be chiefly involved in the matter. Specifically, those affected were of the Ministries of Water Resources, Labour, Environment,Information and Health, Federal Road Maintenance Agency, FERMA, and Subsidy Reinvestment Programme, SURE-P.

Findings revealed that funds set aside by the SURE-P for execution of projects were used to procure vehicles by the MDAs.

Meanwhile, the vehicles were supposed to have been recorded as part of the properties of the MDAs in line with the procurement rules of the civil service.

It was also learnt that since the funds did not emanate from the budgetary allocation of the concerned MDAs, not recording the purchase of the 103 vehicles facilitated the appropriation by the officials.

http://www.vanguardngr.com/2016/11/how-icpc-recovered-103-exotic-vehicles-looted-by-govt-officials/

Recovered money, recovered houses, recovered cars, etc. where are those recovered items? Maybe they are seriously transferring to another account. Nig is doomed

?

I envy the relooters

I need one, pls lemme buy one.

Good jobs

Issorait

Una try

tundafayaBuhari:
Recovered money, recovered houses, recovered cars, etc. where are those recovered items? Maybe they are seriously transferring to another account. Nig is doomed

Its like you took the words right out of my brain. We keep hearing of recovered properties daily but we're still looking around hopelessly for who to borrow us billions of dollars. Doesn't add up.

Please never stop collection from those thieves and robbers.

tundafayaBuhari:
Recovered money, recovered houses, recovered cars, etc. where are those recovered items? Maybe they are seriously transferring to another account. Nig is doomed

Where you go see am. The person who even made the arrest is very interested in some

where is EFCC and ICPC keeping all the ones they have been recovering？
Aint we tired of this show already？

Good but after the discovery what next?
Another set of thieves will sell it and put it in the illegal criminal account. sighssss.

on the contrary,
I love coming here to read the comments. Some people (like myself at times) are obsessed with reading comments. For example, we find you reading this comment right now, which does not contain any useful information, only curiosity, that drives you to waste your time. Have a good day.
I believe say nja go better

tundafayaBuhari:
Recovered money, recovered houses, recovered cars, etc. where are those recovered items? Maybe they are seriously transferring to another account. Nig is doomed

Its going into the government reserves

Where are the cars o

The cars will go back to where it came from. Dust to dust. Corruption to corruption

abeg is that Audi for sale ... when are they going to auction it

All of them are thieves

I need to recover my sleep

Thanks to the Google acclaimed "World Most Cursed President". IB was so weak that all looted during his reign. Never again will an alcoholic be our president.

Only God will help us for naija, if you like recover money, recover cars, recover house from our politheivians its doesn't matter any more. It's not the first time and it won't be the last. Let pray God recover their corrupt brain and minds

hmn

Werey people... Just recycling our money

With all due respect their nothing exotic about those cars

this is serious

All I see are basic SUVs and pickup trucks

No be today

They will still doubt anti corruption crusade.