ICPC Records Landmark ₦1.86 Billion from 2024 Asset Disposal — Highest Since Inception
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has achieved a major milestone in its asset disposal operations, realizing a total of ₦1,868,969,400.00 from the auction of 23 forfeited assets in 2024 the highest amount recorded since the Commission’s establishment. In a statement signed by the Director Public Enlightenment of the Commission, Demola Bakare, said this achievement was announced during the 2025 meeting of the Asset Disposal Committee, following a report presented by the Proceeds of Crime Department (POCD). The exercise was carried out in line with the Proceeds of Crime (Recovery and Management) Act (POCA) 2022, which empowers the Commission to recover, manage, and dispose of assets derived from illicit activities. According to the report, out of the 23 assets disposed of in 2024, 10 were successfully auctioned in December 2024, while seven could not be sold due to low bids that fell below the approved threshold or force...