REPORT: ICPC Set To Monitor States’ Budgetary Allocations

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) plans to monitor budgetary allocations to state governments in the country to ensure accountability and proper utilisation of the funds. In addition, tax fraud and illicit financial flows investigation will also be conducted as well as the prosecution of money laundering offenders. It is even said that the bulk of an estimated $90billion that leaves Africa through illicit financial flow annually might have come from Nigeria. The continent as a whole certainly receives less than that amount in development assistance from countries of Europe and America yearly.

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