• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • U.S. VISA

      REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months…

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

  • National
    • UAE Bans Transit Visas for Nigerians, After US Visa Restrictions

      Military Troops in Action

      Nigerian Troops Destroy Terrorists’ Enclaves across Theatres of Operation

      Military Troops in Action

      Army Intercepts Truckload of Vandalised Railway Tracks, Arrests 8 Suspects, Recovers…

      U.S. VISA

      REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months…

      NSA Hails New Joint Doctrine and Welfare Centre to Revolutionize Military…

    • Government
      • Gov. Mutfwang Hails NSCDC Boss Audi as 150 Agro-Rangers Graduate in…

        UAE Bans Transit Visas for Nigerians, After US Visa Restrictions

        L-R: Representative of the Managing Director of Bank of Industry, Ugochukwu Akagaogu; Minister of Information and National Orientation, Mohammed Idris; Minister of State for Industry, Senator John Owan Enoh and the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, Ambassador Nura Rimi during the tour of the Hydropolis Free Trade Zone in Amfani, Magama Local Government Area of Niger State on Tuesday

        FG Eyes 5,000-Tonne Boost in Fish Production Through PPP Model

        Igbo Criminals Behind Most Killings, Abductions in Southeast, Not Fulani —…

        Honourable Mukhtar Tolani Shagaya

        Shagaya at NASS: Fostering Youthful Vision through Humble Leadership By Umar…

  • Security
    • Gov. Mutfwang Hails NSCDC Boss Audi as 150 Agro-Rangers Graduate in…

      Illegal Mining: EFCC Arrests 5 Chinese, 4 Nigerians in Niger

      Military Troops in Action

      Nigerian Troops Destroy Terrorists’ Enclaves across Theatres of Operation

      Military Troops in Action

      Army Intercepts Truckload of Vandalised Railway Tracks, Arrests 8 Suspects, Recovers…

      CP Jimoh Moshood

      Lagos Police Roll Out Proactive Measures Ahead of Saturday’s Local Council…

  • Features
    • Honourable Mukhtar Tolani Shagaya

      Shagaya at NASS: Fostering Youthful Vision through Humble Leadership By Umar…

      Yushau Shuaib of PRNigeria, Barrister Nima Salman Mann and Rear Admiral A. A. Mustapha of NIPSS

      Yushau Shuaib vs. NIPSS: A Case of Alleged Digital Rights Violation…

      Nigerian Navy's newest landing ship tank launched in Sharjah, UAE.

      From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as…

      What Life Really Looks Like for Nigerians Battling Sickle Cell, By…

      Shittu Yunus Shittu

      Can Nigeria Lead Africa’s AI Revolution? By Shittu Yunus Shittu

  • State
    • Gov. Mutfwang Hails NSCDC Boss Audi as 150 Agro-Rangers Graduate in…

      Illegal Mining: EFCC Arrests 5 Chinese, 4 Nigerians in Niger

      UAE Bans Transit Visas for Nigerians, After US Visa Restrictions

      Military Troops in Action

      Army Intercepts Truckload of Vandalised Railway Tracks, Arrests 8 Suspects, Recovers…

      CP Jimoh Moshood

      Lagos Police Roll Out Proactive Measures Ahead of Saturday’s Local Council…

  • Event
    • Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption How Ex-Military Chief Stole N4bn , Purchased Assets — ICPC
  • Anti-Corruption

How Ex-Military Chief Stole N4bn , Purchased Assets — ICPC

By
Prnigeria
-
September 10, 2022
ICPC Chairman, Prof Bolaji Owasanoye, SAN, delivering his opening remarks

How Ex-Military Chief Stole N4bn , Purchased Assets — ICPC

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye, has revealed that an ex-military chief stole the sum of N4bn from military budget and deposited it into the accounts of two companies where he is the beneficial owner and sole signatory.

He further stated that the proceeds from the loot were used to purchase properties in Abuja in the names of cronies and proxies of the military chief, and some of the properties paid for by his service were also fraudulently converted to his use.

Owasanoye made this known on Friday during an event tagged, ‘National Policy Dialogue on Corruption and Insecurity in Nigeria’, held at the ICPC headquarters in Abuja.

He noted that research and investigations by the National Security Agency and the ICPC on the issue of insecurity had shown that public sector corruption directly and indirectly enabled insecurity and could sometimes complement it.

“ICPC’s prosecution of this high ranking officer to recover all the implicated assets was strangely and perversely frustrated by a recently retired High Court judge who decided to forfeit some of the assets to FGN and the rest left to the suspect.

While the commission has filed a notice of appeal, this strange development aggravates an already bad situation and escalates insecurity and impunity.”

He noted that cases of job racketeering abound in the security sector, disclosing that many of them were under investigation by the ICPC.

Read Also:

  • Gov. Mutfwang Hails NSCDC Boss Audi as 150 Agro-Rangers Graduate in Plateau
  • Illegal Mining: EFCC Arrests 5 Chinese, 4 Nigerians in Niger
  • UAE Bans Transit Visas for Nigerians, After US Visa Restrictions

Owasanoye said corruption was a major contributory factor to the continued existence and propagation of insecurity in the country.

The ICPC boss lamented Nigeria’s worsening insecurity challenges, noting that the resulting impact on her economy and image had continued to be cause of concern to Nigerians, including the leaders in the three arms of government and anti-corruption practitioners.

He said, “Another case under investigation is theft of part of special intervention fund approved for security operations by some civil servants in the line ministry who transferred about N1bn to four Shell companies.

“A special investigative team under the leadership of NSA and ICPC recovered some of the diverted assets, including state of the art building located in Abuja and over N220m cash. Investigation on this matter is still ongoing.

“In fact, a clinical diagnosis of the insecurity menace in the country reveals that to effectively combat insecurity, we require the collaborative efforts of security agencies (the military, intelligence, police, customs, Prisons, others), as well as law enforcement and anti-corruption agencies.

“There are also ongoing investigations into military contracts spending. Recently, ICPC arrested a military contractor that received over a period of less than 10 years cumulative sum of about N6bn from the Nigerian Army in suspicious circumstances and in violation of extant legislation.

“The commission’s recovery of huge cash sums in local and foreign currencies, luxury cars, customised mobile phones, designer watches, including three Rolexes, as well as property documents from the premises of the contractor, underscore the corruption that often attend military procurement.”

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Bolaji Owasanoye
  • ICPC
Previous articleCAF Confederation Cup: Mustapha pledges $20,000 to Kwara United
Next articleJUST IN: Brazilian Returnee Excretes 92 Wraps of Cocaine at Abuja Airport
Prnigeria
Prnigeria
Xing

RELATED ARTICLESMORE FROM AUTHOR

L-R: Representative of the Managing Director of Bank of Industry, Ugochukwu Akagaogu; Minister of Information and National Orientation, Mohammed Idris; Minister of State for Industry, Senator John Owan Enoh and the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, Ambassador Nura Rimi during the tour of the Hydropolis Free Trade Zone in Amfani, Magama Local Government Area of Niger State on Tuesday

FG Eyes 5,000-Tonne Boost in Fish Production Through PPP Model

NSA Hails New Joint Doctrine and Welfare Centre to Revolutionize Military Collaboration

NSA Nuhu Ribadu and NGE President Eze Anaba

Security Chiefs, Editors, ‘Off-the-Record’ and Other Confidential Rules

Picture caption: NIPR President, Dr. Ike Neliaku (left) and Governor Abdullahi Sule exchanging the MoU documents.

NIPR Signs MoU for PR and Leadership Varsity, Nasarawa Govt Approves Land, Scholarships

Comptroller General Nigerian Customs Bashir Adewale

Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

What Life Really Looks Like for Nigerians Battling Sickle Cell, By Hafsat Ibrahim

NAF bombardment of terrorists' enclave mounted with solar panels

NAF Airstrikes Crush Terrorist Camps in Mandara Mountains, Kill Senior JAS Fighters

BREAKING: Olubadan of Ibadan Dies After One Year on the Throne

Yushau Shuaib of PRNigeria, Barrister Nima Salman Mann and Rear Admiral A. A. Mustapha of NIPSS

Cybercrime Allegation: PRNigeria Petitions Police Against NIPSS Officials

Man caught trying to hack into FCMB

‎FACT-CHECK: Was a Man Trapped in Ceiling after Trying to Hack FCMB Bank?

This man reportedly caught his wife with their driver in a hotel room

FACT-CHECK: Did a Man Catch His Wife and Driver “Knacking” in a Hotel Room?

‎FACT-CHECK: Are Nigerian Soldiers Protecting Cattle Instead of Citizens in Yelewata Benue State as Shown in a Viral Video?

Recent Posts

  • Gov. Mutfwang Hails NSCDC Boss Audi as 150 Agro-Rangers Graduate in Plateau
  • Illegal Mining: EFCC Arrests 5 Chinese, 4 Nigerians in Niger
  • UAE Bans Transit Visas for Nigerians, After US Visa Restrictions
  • Nigerian Troops Destroy Terrorists’ Enclaves across Theatres of Operation
  • Army Intercepts Truckload of Vandalised Railway Tracks, Arrests 8 Suspects, Recovers Cash in Yobe
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Gov. Mutfwang Hails NSCDC Boss Audi as 150 Agro-Rangers Graduate in PlateauIllegal Mining: EFCC Arrests 5 Chinese, 4 Nigerians in NigerUAE Bans Transit Visas for Nigerians, After US Visa RestrictionsNigerian Troops Destroy Terrorists' Enclaves across Theatres of OperationArmy Intercepts Truckload of Vandalised Railway Tracks, Arrests 8 Suspects, Recovers Cash in YobeLagos Police Roll Out Proactive Measures Ahead of Saturday's Local Council PollsFG Eyes 5,000-Tonne Boost in Fish Production Through PPP ModelREVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months in Reciprocal Policy ShiftNSA Hails New Joint Doctrine and Welfare Centre to Revolutionize Military CollaborationMilitary'll Support Regional Growth for Lasting Peace, CDS AssuresIgbo Criminals Behind Most Killings, Abductions in Southeast, Not Fulani — Governor Soludo DeclaresShagaya at NASS: Fostering Youthful Vision through Humble Leadership By Umar Farouk BalaYushau Shuaib vs. NIPSS: A Case of Alleged Digital Rights Violation by Abdul Ikon Allah2027 Can Wait, Tinubu’s Eyes Still on the Reform Ball - MinisterFG Inaugurates Passport Front Office for Senior Public Officials
X whatsapp