Echotitbits – Nigeria News

Tag: public funds

  • ICPC summons Dangote as petition over alleged $7m school-fees spending enters probe phase

    ICPC summons Dangote as petition over alleged $7m school-fees spending enters probe phase

    Photo Credit: The Nations
    2025-12-21 08:30:00

    In an update published by The Nation, the ICPC has invited Aliko Dangote in connection with his petition against the immediate past NMDPRA boss over allegations tied to public funds and overseas school fees.

    The report says the invitation is linked to preparations for a formal investigation panel, as the matter fuels debate about accountability in high-value regulatory offices.

    At the center is an allegation that more than $7 million was spent on children’s education abroad, prompting calls for a lifestyle and governance audit around the regulator.

    Premium Times confirmed Dangote “formally submitted a petition,” while ThisDay reported the petition “alleged that Ahmed spent over $7 million” on education-related expenses.

    Echotitbits take:
    High-profile petitions only matter if evidence is traceable. Watch for payment trails, asset declarations, and whether the probe expands into institutional controls that enabled the alleged spending.

    Source: The Nation — December 21, 2025 (https://thenationonlineng.net/icpc-invites-dangote-over-7m-school-fees-claim-against-ex-nmdpra-boss/)
    The Nation 2025-12-21

  • ICPC says it recovered ₦37.4bn and $2.35m through forfeitures in 2025

    ICPC says it recovered ₦37.4bn and $2.35m through forfeitures in 2025

    2025-12-15 03:57:00

    According to The Punch, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it recovered about ₦37.44bn and $2.35m in 2025 through seizures and forfeitures.

    The report frames the figure as part of the commission’s asset recovery efforts, reflecting a focus on tracing proceeds and enforcing forfeiture orders.

    Anti-graft recoveries are often followed by questions about how forfeited assets are managed and whether recovered sums are transparently remitted to government accounts.

    Analysis/Echotitbits take: Beyond headline totals, the public interest is in traceability and impact—where the assets went, how they’re valued, and how proceeds are applied. Watch for detailed breakdowns, court orders, and any inter-agency coordination updates with EFCC/CCB.

    Source: The Punch — December 15, 2025 — https://punchng.com/icpc-recovers-n37-4bn-2-35m-in-2025/

    Photo credit: The Punch

    The Punch https://punchng.com/icpc-recovers-n37-4bn-2-35m-in-2025/ December 15, 2025

  • EFCC Arraigns Ex-Labour Minister Chris Ngige Over N2.2bn Fraud Allegation

    EFCC Arraigns Ex-Labour Minister Chris Ngige Over N2.2bn Fraud Allegation

    Photo Credit:Punch Newspapers

    The Economic and Financial Crimes Commission has arraigned former Minister of Labour and ex‑Anambra Governor, Chris Ngige, over alleged diversion of N2.2 billion public funds. He was brought before a Federal High Court on multiple counts bordering on abuse of office, money‑laundering and misappropriation.

    Ngige pleaded not guilty as his lawyers argued that the charges are politically motivated. The case adds to a string of high‑profile prosecutions targeting former officials, with anti‑corruption activists insisting that successful convictions and asset recoveries are crucial to restoring public trust and plugging revenue leakages.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12