ICPC Vows Transparent, Merit-Driven 2025 Asset Disposal Exercise

|By Chinwendu Nwani

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reaffirmed its firm commitment to transparency, accountability and due process as it kicks off the 2025 Asset Disposal Exercise.

Chairman of the Commission, Dr Musa Adamu Aliyu, declared the pledge on Thursday during the official bid-opening ceremony for auctioneers at the ICPC Headquarters in Abuja. He was represented by the Director of Systems Study and Review, Mr Olusegun Adigun.

Dr Aliyu stressed that the process would be anchored on integrity and merit, noting that the Commission’s credibility depends on how consistently it upholds these standards. He assured that all recovered assets would be strictly managed and channelled toward national development.

“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 all submissions from auctioneers would be assessed strictly on merit, in line with established criteria and free from bias or favouritism.

The Director, Proceeds of Crimes Department, Mrs Grace Aga-Ibe, reinforced the Chairman’s position, insisting that the Commission remains committed to a process rooted in fairness and integrity.

Executive Director of the Centre for Fiscal Transparency and Public Integrity (CeFTPI), Mr Umar Yakubu, praised the ICPC for conducting a credible and transparent exercise in line with the United Nations Convention Against Corruption (UNCAC).

Auctioneers at the event also commended the Commission’s openness and professionalism. They were informed that only those who meet the stipulated requirements would advance to the next stage.

Representatives from the Bureau of Public Procurement (BPP) and the Nigerian Union of Journalists (NUJ) attended the ceremony.

The ICPC had earlier publicised the outcome of its 2024 Asset Disposal Exercise in October.