NEWS

ICPC Moves To Seize N4.8b Properties From 30 Firms

The Independent Corrupt Practices and other related Offences Commission (ICPC) is moving to seize plots of land and buildings worth N4.8 billion from 30 companies.

The commission’s spokesperson, Rasheedat Okoduwa, in a statement, listed the items 22.9 hectares of undeveloped land, a plaza as well as a block of six two-bedroom flats located in Wuse, Zone 1.

She said the decision followed a petition by the Federal Inland Revenue Service (FIRS) accusing the firms of owing N288.2 million in taxes.

The spokesperson cited Section 37 of the Corrupt Practices and Other Related Offences Act 2000 which empowers the agency to seize assets alleged to be subject of an offence under the law and Section 48 that allows it apply to a high court for an order of forfeiture within 12 months from the date of the seizure.

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