The Independent Corrupt Practices and Other Related Offences Commission, ICPC has reported it identified ₦219.84 billion worth of projects across 176 Ministries, Departments, and Agencies (MDAs) that were implemented poorly.
The commission said it accomplished this through the Constituency and Executive Project Tracking Initiative (CEPTI).
The Chairman of the Commission, Senior Advocate of Nigeria, Dr Musa Adamu Aliyu, During a press briefing in Lagos highlighted that the aim of the initiative is to steer government funds towards impactful projects that benefit the most disadvantaged Nigerians.
Aliyu noted that the initiative is to ensure government funds are directed towards impactful projects that benefit the most vulnerable Nigerians.
Read Also:
He said“A total of 1,721 government-funded projects were tracked within the Phase 6 tracking cycle. The commission is conducting further investigations on some infractions discovered, which are: under-performed projects, shoddily executed projects, and abandoned projects.
“The value of projects on which contractors returned to sites is N30bn; cash recoveries made so far is N163m; recoveries made in assets so far is N513.3m; recoveries made so far (cash and assets) is N676m.”
He said the cumulative savings to the government was N30bn and the number of contractors/companies involved in the tracked projects was 1,355.
He added that the commission had over the years developed its capacity, experience, ideas and strategies to combat corrupt practices in the public sector.
“We will continue on this trajectory under my leadership. However, the commission requires support of all Nigerians which include the media to effectively deliver on its mandates.”
