The Independent Corrupt Practices and Other Related Offences Commission said it had uncovered billions of Naira from a property allegedly belonging to a certain K Salam Construction Company, a military contractor.
The commission stated this in a brief statement titled ‘ICPC clears the air on media report of Abuja property’s raid and seizure’.
It said its 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.
According to the communique signed by ICPC spokesperson, Azuka Ogugua, operatives of the commission recovered money and other items from the property.
What was uncovered included, “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”.
Following the uncovering, the ICPC said it arrested the Managing Director of K Salam Construction Company Nigeria Limited, Mr. Kabiru Sallau.
The commission said investigations are ongoing and as such, it prefers not to preempt the outcome of the inquiry, as to avoid the frenzy of a media trial.