The special presidential
investigation panel for recovery of public property (SPIP) says it has
recovered over N4 billion and $7 million in cash as well as physical assets in
its various operations.
Okoi Obono-Obla, SPIP chairman,
disclosed this in a statement made available to NAN in Abuja on Friday.
He said the $7 million was
recovered from the previous management of the Nigeria Export and Import (NEXIM)
Bank who had “illegally placed” it in Heritage Bank.
The naira component of the
recoveries, according to him, include N533 million and land valued at N1.5
billion also from the former NEXIM management.
The assets, according to him,
have since been returned to the bank.
Obono-Obla said SPIP also recovered
N24 million misappropriated by some directors of the National Theatre, and two
hectares of land worth N2 billion, belonging to the National Council for Acts
and Culture (NCAC).
Also recovered is part of the
Agura Hotel belonging to the Nigerian Ports Authority (NPA), according to the
chairman.
“The property illegally annexed
by some so-called powerful persons with untouchable connections for over 20
years, have since been returned to the NPA.
“The panel is investigating the
failure of a contract awarded to a company to dredge Calabar Channel, after the
company had received 12 million dollars,” he said.
Obono-Obla said the panel also
recovered 86 assorted vehicles valued at N500 million from a director in the
federal ministry of power, works and housing.
“Other assets recovered from him
are six houses in highbrow areas of Abuja and a large farm also in Abuja,” he
said.
Reaffirming the panel’s
commitment to its mandate, Obono-Obla advised public servants to desist from
converting official property to personal use.
The SPIP was inaugurated by the
then Acting President Yemi Osinbajo in August 2017.
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