ICPC recovers N175m cash from military contractor
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), has raided a property belonging to K Salam Construction Company, a military contractor and recovered N175,706,500, $220,965 G-Wagon and other luxury items.
This commission also denied raiding the residence of the Nigerian ambassador to Benin Republic, and a former chief of army staff, Tukur Buratai. It was reported that the ICPC recovered N1.85 billion claimed to be part of the billions of naira budgeted for the purchase of arms and ammunition.
The commission in a statement by its spokesperson Azuka Ogugua, further informed that it has arrested the managing director of K Salam Construction Company Nigeria Limited, Kabiru Sallau, and launched an investigation.
According to the statement, other items recovered from the residence include 2022 editions of BMW and Mercedes Benz cars; customized mobile phones; several designer wrist watches, including three Rolexes, and some property documents.
“The commission wishes to state that ICPC operatives raided a property in Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday, June 16, 2022, between 5:00pm and 12:00am in suspicion of money laundering. Facts available for the time being indicate that the property is owned by the owner of K Salam Construction Company, a military contractor.”
“The commission arrested the managing director of K Salam Construction Company Nigeria Limited, Kabiru Sallau and investigation is ongoing,” the statement read.