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Fraud

ICPC Uncovers Padding Scam Worth N18.62bn By MDAs

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Independent Corrupt Practices and other Related Offenses reveal gross Scam.

According to ICPC, they have unveiled a marginal abuse of inflation, personnel budget, and padding of the nominal role. This criminal act was perpetrated by certain Federal Departments, Ministries, and Agencies, otherwise called MDAs, which amounts to N18.62 billion.

The Disclosure

It was during the National Summit on Diminishing Corruption in the Public Sector as well as Integrity Awards presentation; Prof. Bolaji Owasanoye revealed the scam. This ceremony was hosted on Tuesday in Abuja by the Secretary to the Federation office together with ICPC.

According to ICPC Chairman, Professor Bolaji, the scam discovery came after the launching of System Study Commission and Reviews of MDA Practices. This exercise involved more than 300 MDAs. But during the period of their press release, the commission was able to cover around 300 MDAs with an inflated amount of N12 billion.

Presently, he declares to his Excellency; they have uncovered an extra N6 billion, which makes a total of N16.624 billion.

The Culprits

The professor states that the exercise is still an ongoing one, but they can report the culprits with confidence. According to his statement, the culprit MDAs who committed the act is mostly health and academic institutions. According to the preliminary findings, these are some of the culprits;

 Benin University Teaching Hospital holds up to N1. 1 billion,
 Bayelsa Federal Medical Center N915 million,
 University of Jos N896 million,
 Nnamdi Azikiwe University N907 million,
 University College Hospital Ibadan N701 million,
 The University of Ibadan N558,
 Usman Dan Fodio University N636 million.

All these institutions mentioned above will be allowed to explain themselves. Meanwhile, investigations are still ongoing to provide credible explanations for the scam.

Steps Taken

The minister of finance is alerted to all the ICPC findings, and the right steps are underway to make sure that the MDAs involved cannot have access to the excess fund, which they have linked to their budget.

Due to these findings, the ICPC chairman is calling for the full execution of the president’s directive. According to the directive, MDAs that are not on IPPIS shouldn’t receive any pay since the ICPC review shows that the majority of the MDAs who are not on IPPIS is guilty.

Furthermore, the commission has recently arrested about 59 people who work in the ministries while the investigation is still going on. The ICPC chairman also pledges that the commission will adopt enforcement action like recovering diverted funds and prosecute the most egregious infraction cases. He is also recommending that non-payment or tax remittance diversion, health insurance, pension, or other statutory deductions should be liable to immediate dismissal and immediate prosecution of the Agency head. He says that if the government can accept their recommendation, ICPC is ready to furnish them with the MDA’s defaulters list.

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