The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has restated its dedication to ensuring openness, accountability, and adherence to due process in its 2025 Asset Disposal Exercise.
This assurance was given on Thursday at the commission’s headquarters in Abuja during the formal bid-opening event for auctioneers.
Back in October, the ICPC had published the results of its 2024 Asset Disposal Exercise, outlining the recovered assets and how they were allocated.
In a statement issued on Friday by ICPC spokesperson Demola Bakare, the Commission’s chairman, Dr. Musa Aliyu—represented by the Director of the Systems Study and Review Department, Mr. Olusegun Adigun—stressed that the disposal exercise would be conducted strictly on the basis of 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.
He added that only auctioneers who meet the stipulated requirements would qualify for the next stage of the exercise.
Also speaking, the Director of the Proceeds of Crimes Department, Mrs Grace Aga-Ibe, reaffirmed the commission’s resolve to uphold fairness, noting that the disposal process must reflect credibility at every stage.
The Executive Director of the Centre for Fiscal Transparency and Public Integrity, Mr Umar Yakubu, commended the commission for adhering to global anti-corruption standards, particularly the United Nations Convention Against Corruption.
Speaking on behalf of the commission, Bakare reiterated that the ICPC would not compromise its principles in the management and disposal of recovered assets.
“The commission is committed to ensuring that this exercise remains transparent, accountable, and beneficial to the Nigerian people,” he said.
Auctioneers at the event also praised the ICPC for conducting an open and professional bid-opening exercise.
Representatives of the Bureau of Public Procurement and the Nigerian Union of Journalists witnessed the proceedings.
