ICPC uncovers unremitted N9.8 billion government funds in Aso Savings and Loans PLC

In 2005, the Federal Government set up a committee, the Ad-hoc Committee on the Sale of Federal Government Houses, to sell some of its properties in the Federal Capital Territory.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) received a petition on the work of the committee and commenced investigation, in the course of which it unearthed the fact that the sum of N9.8 Billion realised by the Ad-hoc Committee between 2010 and 2014 from the sale of government properties which was deposited in Aso Savings and Loans Plc, was not remitted to the federal…