ICPC to intensify investigations on unoccupied estates to track illicit financial flows

The Independent Corrupt Practices and other Related Offences Commission (ICPC) has said it would intensify ongoing investigations of completed but unoccupied estates in Nigeria as part of measures to address Illicit Financial Flows.

The Director of Asset Tracing, Recovery, and Management, Adedayo Kayode, gave the revelation at the opening of a two-day capacity building for investigators, prosecutors, and tax inspectors on Illicit financial flows organized by the commission in collaboration with the Ford Foundation.

The agency’s spokesperson, Azuka Ogugua, in a statement, quoted the director as saying: “The ICPC, in accordance with its mandate to curb corruption, is currently investigating cases of completed, but abandoned estates scattered around the Federal Capital Territory (FCT) with the intention of identifying those that are instruments of illicit financial flows.