CACOL demands swift investigation on money, items found in military contractor’s residence

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The Centre for Anti-Corruption and Open Leadership, CACOL, has reacted to the recent raid of an Abuja property belonging to a military contractor for alleged money laundering by officials of the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Recall that Azuka Ogugua, spokesperson of the commission, disclosed this in a statement on Friday that the operatives acted on intelligence to raid a residence in Wuse 2, Abuja on Thursday, where a whooping amount of N1.85 and other expensive items were found.

Ogugua said, “The attention of the Independent Corrupt Practices and Other Related Offences Commission has been drawn to some inaccurate and concocted reports in the media about the seizure of multibillion-naira cash, dollars, Rolex watches stockpiled in an Abuja property. “The Commission wishes to state that ICPC operatives raided a property in Wuse 2 of the Federal Capital Territory , Abuja, on Thursday, 16th June, 2022 between 5:00pm and 12:00am in suspicion of money laundering . Facts available for the time being indicates that the property is owned by owner of K Salam Construction Company, a military contractor.

“The Commission recovered money and other items from the property viz. 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.”

 

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