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ICPCICPC

ICPC seizes 44


ICPCICPC

ICPC seizes 44 Properties worth N14.7bn from 32
Companies

The Independent Corrupt Practices and Other Related Offences
Commission (ICPC),has seized 44 properities made up of mansions,
factory and 27 plots of lands allegedly linked  to 32
corporate entities.

The properties whose  cumulative value has been put at
N14.7 billion 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.

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

The  seized properties, all located in the Federal Capital
Territory include: two mansions , 27 barelands, one factory
building,and 15 buildings at Asokoro, Maitama and other
districts.

Signed:

Mrs. Rasheedat A. Okoduwa, mni

Spokesperson for the Commission

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