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ICPC Investigates Governor Over Alleged Diversion Of Bailout Fund



The Chairman of the Independent Corrupt Practices and Allied Offences Commission (ICPC), Mr. Ekpo Nta, has revealed that the commission was investigating a state governor for alleged diversion of bailout funds meant for the payment of workers’ salaries.

“Last year, 27 states got bailout funds from the Central Bank of Nigeria, CBN. We decided to go into collaboration with the Nigerian Labour Congress, NLC, to monitor the movement of the funds from the Central Bank of Nigeria to the final destination,” Nta disclosed this when he received students of the National Institute for Policy and Strategic Studies, NIPSS, who were on a study tour to the commission in Abuja.

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“One state, where bailout funds were moved to three different accounts, is being investigated and we will soon publish the outcome of our investigations.”

The ICPC boss explained that the commission relied on petitions from members of the public to investigate allegations of corruption, because it did not have access to early financial intelligence that would have given it an edge in identifying early cases of corrupt practices.

“We have done a lot of seizures. We seized 61 houses from a staff of one organisation, whose income could not justify such massive accumulation,” Nta said.

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