Chairman of the Independent Corrupt Practices and other affiliated Offenses Commission (ICPC), Prof Bolaji Owasanoye, has revealed that the anti-graft agency recovered 301 houses from two public retainers in the nation’s capital, Abuja.

ICPC foreman made the revelation at the induction of the House of Representatives Ad-hoc Committee on Investigation of the Operations of Real Estate Developers on Thursday.

He said that while 241 structures were reclaimed from one of the suspects at different locales within the FCT, the remaining 60 were recovered on a large field of land at another site. Prof Owasanoye, who didn’t mention the names of the affected civil servants, bemoaned the adding rate at which corrupt public officers were using real estate investment as a vehicle for hiding illegal money laundering in Nigeria.

He, nevertheless, indicted the officers of the Federal Capital Development Authority (FCDA) as collaborators in the fraud. He revealed that “ Public officers get estates in aliases to conceal the illegal origin of finances.

This is made possible by the absence of proper attestation, the enrollment of titles to land and estates in the country, and the non-enforcement of salutary power norms. “ A stint around Abuja, have many estates that are built but empty.

Vcee

By Vcee

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