Cynthia Ezegwu
The Independent Corrupt Practices and Other Related Offences Commission has restated its commitment to transparency, accountability, and due process in the conduct of its 2025 Asset Disposal Exercise.
The assurance was given on Thursday during the official bid-opening ceremony for auctioneers at the Commission’s headquarters in Abuja.
The ICPC had in October released the outcomes of its 2024 Asset Disposal Exercise, detailing recovered assets and how they were utilised.
In a statement issued on Friday, the Commission’s spokesperson, Demola Bakare, said the Chairman, Dr. Musa Aliyu—represented by the Director of Systems Study and Review, Mr. Olusegun Adigun—affirmed that the disposal process would be strictly guided by merit and integrity.
“As an institution, the ICPC remains resolute in ensuring that every kobo recovered on behalf of the Nigerian people is properly managed, transparently utilised, and ultimately channelled toward national development,” he said, adding that only auctioneers who meet the stipulated requirements would advance to the next stage.
The Director of the Proceeds of Crimes Department, Mrs. Grace Aga-Ibe, also reiterated the Commission’s commitment to fairness, stating that the process must reflect credibility at every level.
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Executive Director of the Centre for Fiscal Transparency and Public Integrity, Mr. Umar Yakubu, commended the ICPC for aligning its processes with global anti-corruption standards, particularly the United Nations Convention Against Corruption.
Speaking further on behalf of the Commission, Bakare emphasised that the ICPC would not compromise its principles in the management and disposal of recovered assets.
Auctioneers at the event also lauded the Commission for conducting an open and professional bid-opening exercise.
Representatives of the Bureau of Public Procurement and the Nigerian Union of Journalists were also in attendance.