The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has restated its commitment to transparency, accountability and due process as it commences the 2025 Asset Disposal Exercise.
The assurance was given by Musa Aliyu Chairman of the Commission, during the official bid-opening ceremony held on Thursday at the ICPC Headquarters in Abuja.
Aliyu, represented by Olusegun Adigun, Director of Systems Study and Review, said the Commission would strictly adhere to the principles of fairness, integrity and merit throughout the exercise.
He noted that the success and credibility of the ICPC depend largely on how faithfully it upholds these core values, especially in the management and disposal of forfeited assets.
“As an institution, the ICPC remains resolute in ensuring that every kobo recovered on behalf of the Nigerian people is properly managed, transparently utilized, and ultimately channeled toward national development,” he said.
Aliyu added that all submissions from auctioneers would be assessed strictly on merit and in line with established criteria, stressing that the Commission would not condone bias or favoritism at any stage of the process.
Grace Aga-Ibe, Director of the Proceeds of Crimes Department, also reinforced the Commission’s stance, saying the ICPC remains deeply committed to ensuring that every step of the disposal exercise reflects integrity and fairness.
Umar Yakubu, Executive Director of the Centre for Fiscal Transparency and Public Integrity (CeFTPI), commended the Commission for maintaining a transparent process aligned with global best practices and the United Nations Convention Against Corruption (UNCAC). Other auctioneers present at the event similarly applauded the ICPC for adopting an open and professional approach.
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Auctioneers were informed that only applicants who meet the stipulated requirements would progress to the next phase of the disposal exercise.
Representatives of the Bureau of Public Procurement (BPP) and the Nigerian Union of Journalists (NUJ) were also present at the ceremony, signalling broader oversight of the exercise.
According to a statement by Demola Bakare, Director of Public Enlightenment and Education and spokesperson for the ICPC, the event comes weeks after the Commission released details of the outcomes of its 2024 Asset Disposal Exercise, which highlighted significant recoveries and strengthened public confidence in the ICPC’s accountability framework.
