ICPC confirms raid, seizure of property in Abuja, flays inaccurate reports



By Chimezie Godfrey

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has cleared the air on media reports of its raid and seizure of multi-billion naira cash and other items stockpiled in an Abuja property.

The Spokesperson of the Commission, Mrs Azuka Ogugua, in a statement on Friday noted that the said raid was actually carried by its operatives in suspicion of money laundering.

According to her, facts available indicates that the property is owned by the owner of K Salam Construction Company, a military contractor.

She however, stated categorically that the Commission is yet to conclude its investigation and prefers not to preempt its outcome and also avoid the frenzy of a media trial.

She stated,”The attention of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has been drawn to some inaccurate and concocted reports in the media about the seizure of multibillion-naira cash, dollars, Rolex watches stockpiled in an Abuja property.

“The Commission wishes to state that ICPC operatives raided a property in Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday, 16th June, 2022 between 5:00pm and 12:00am in suspicion of money laundering . Facts available for the time being indicates that the property is owned by owner of K Salam Construction Company, a military contractor.


 
“The Commission recovered money and other items from the property viz. N175,706,500; $220,965; G-Wagon; 2022 editions of BMW and Mercedes Benz cars; customized mobile phones; several designer wrist watches, including three Rolexes, and some property documents.
 
“The Commission arrested the Managing Director of K Salam Construction Company Nigeria Limited, Mr. Kabiru Sallau and investigation is ongoing.


 
“The Commission is yet to conclude its investigation and prefers not to preempt its outcome and also avoid the frenzy of a media trial.”