The Independent Corrupt Practices and other Related Offences Commission (ICPC), has disclosed that the Agency had successfully recovered 301 houses from two public officers in the Federal Capital Territory (FCT), Abuja.
The ICPC chairman, Professor Bolaji Owasanoye made the revelation at the inauguration of the House of Representatives Ad-hoc Committee on Investigation of the Operations of Real Estate Developers on Thursday, October 28.
Prof. Owasanoye said that while 241 buildings were recovered from one of the suspects at different locations within the FCT, the remaining 60 were recovered on a large expanse of land at another location.
The chairman lamented the alarming rate at which corrupt public officers were using real estate investment as a vehicle for hiding ill-gotten wealth and money laundering in the country.
He, however, accused the officials of the Federal Capital Development Authority (FCDA) as collaborators in the scam.
“Public officers acquire estates in pseudonyms to conceal the illegal origin of funds. This is made possible by the absence of proper documentation, the registration of titles to land and estates in the country and the non-enforcement of beneficial ownership standards,” he said.
A tour round Abuja, especially the metropolis and the Central Area, would show a lot of estates that are built up but empty. If they had been constructed with funds that were borrowed at market rates, I don’t think any investor would leave such proprieties empty. One way or the other they would put them to use. So it is suspected that some of those estates have been used to launder ill-gotten public funds.”
He revealed that the agency recovered a total of N53,968,158,974.64 after completing the task of the defunct Special Presidential Investigation Panel on recovery of public property in collaboration with the FMBN to investigate some real estate developers who defaulted in remittance and payment of money due to the government.
He added that the agency had received a number of petitions from stakeholders in the real estate and housing sector, off-takers, prospective buyers and the general public regarding the behaviour and antics of real estate developers within and outside Abuja.
“They border on forgery, the closing of land documents, double or multiple land allocations, allocation of land without the minister’s approval, revocation of land title without due process, non-delivery of projects, embezzlement of sourced capital, land racketeering, the use of land syndicates and speculators, the marketing of fake layouts, fraudulent allocation of land, inordinate delay in the processing of land documents for those who subscribe to their projects, general abuse of office, bribery, dishonesty, fraud, payment scams, or the refusal of government itself to pay fair value for acquired land and the concomitant refusal of settlers and traditional owners to give access to legitimate land allottees and other related issues and challenges”. he said.
He explained that in addressing some of the issues raised in the petitions that were forwarded to the ICPC, they have at different times successfully investigated and prosecuted some errant public officers and their collaborators.
Such collaborators, he said, include staff of the Federal Capital Development Authority, staff of Nigeria Security and Civil Defence Corps, persons who abused public trust, fraudulent real estate development operatives and other ancillary people who have further deepened the mass housing gap in the FCT.
He also accused the Real Estate Developers of the Association of Nigeria (REDAN) of working with some unscrupulous persons in the system to thwart the efforts of the government to provide housing for the citizenry.
Julian Daily Gist Editorial Team
Julian Daily Gist Editorial Team is the team responsible for researching, writing, editing, and publishing news and feature content on Julian Daily Gist. Our coverage includes Nigerian current affairs, lifestyle, entertainment, sports, health, business, and human-interest stories. We aim to provide readers with timely, accurate, and responsibly sourced information.
The Julian Daily Gist Editorial Team researches, writes, edits, and publishes news and feature content covering Nigerian current affairs, entertainment, sports, health, business, lifestyle, and human-interest stories.
We aim to provide accurate, timely, and responsibly sourced information and update our reports when credible new information becomes available.
The Julian Daily Gist Editorial Team is responsible for researching, writing, editing, and publishing content across Julian Daily Gist.
Our coverage includes Nigerian current affairs, politics, business, entertainment, sports, health, lifestyle, and human-interest stories.
We aim to provide readers with timely, accurate, useful, and responsibly sourced information. Our team makes reasonable efforts to verify important information, identify sources, distinguish allegations from confirmed facts, and update reports when credible new information becomes available.
We also believe in transparency and accountability. Readers can contact our editorial team to report factual errors, request corrections, or provide additional information relevant to a published story.
Editorial focus: News, current affairs, lifestyle, entertainment, sports, health, business, and human-interest stories.
Team BIo:
The Julian Daily Gist Editorial Team is responsible for researching, writing, editing, and publishing content across Julian Daily Gist.
Our coverage includes Nigerian current affairs, politics, business, entertainment, sports, health, lifestyle, and human-interest stories.
We aim to provide readers with timely, accurate, useful, and responsibly sourced information. Our team makes reasonable efforts to verify important information, identify sources, distinguish allegations from confirmed facts, and update reports when credible new information becomes available.
We also believe in transparency and accountability. Readers can contact our editorial team to report factual errors, request corrections, or provide additional information relevant to a published story.
Editorial focus: News, current affairs, lifestyle, entertainment, sports, health, business, and human-interest stories.
Editorial Policy:
At Julian Daily Gist, our goal is to provide readers with timely, useful, accurate, and responsibly presented news and information.
We cover Nigerian current affairs, politics, business, entertainment, sports, health, lifestyle, human-interest stories, and other topics of interest to our readers.
1. Accuracy and Verification
We make reasonable efforts to ensure that information published on Julian Daily Gist is accurate and presented in its proper context.
Before publishing a report, our editorial team makes reasonable efforts to:
- Check information against credible sources.
- Verify names, dates, locations, figures, and other important details.
- Attribute information to the appropriate source.
- Distinguish confirmed facts from allegations, claims, opinions, and speculation.
- Update stories when credible new information becomes available.
When information cannot be independently verified, we make this clear to readers rather than presenting it as established fact.
2. Sources
We use a range of sources, including:
- Official government statements.
- Police and security agencies.
- Courts and legal documents.
- Government agencies.
- Direct interviews and statements.
- Reputable news organizations.
- Publicly available records.
- Verified social media accounts and statements.
When an article relies substantially on information reported by another publication, we aim to clearly attribute the information to that source.
We do not intentionally present another publication's reporting as our own.
3. Originality
Julian Daily Gist aims to provide original editorial value.
When we report information that has already been published elsewhere, we seek to add value through original writing, context, verification, analysis, additional information, or other useful material.
We do not intentionally copy and republish articles from other websites without appropriate attribution and meaningful editorial contribution.
4. Allegations and Sensitive Claims
When reporting allegations involving individuals or organizations, we make reasonable efforts to clearly identify allegations as allegations.
We avoid presenting unproven accusations as established facts.
Where relevant, we seek or include responses from the person, organization, or representative concerned.
For criminal matters, we recognize that an allegation, arrest, charge, or accusation does not by itself establish guilt.
5. Headlines
Our headlines are intended to accurately reflect the content of our articles.
We aim to avoid deliberately misleading headlines, fabricated claims, or headlines that exaggerate facts simply to generate clicks.
6. Corrections and Updates
We take corrections seriously.
If we discover that an article contains a significant factual error, we may correct or update the article as appropriate.
Readers who identify an error are encouraged to contact us with specific information supporting the correction.
Where appropriate, significant corrections or updates may be noted within the article.
7. Editorial Independence
Editorial decisions are made independently of advertisers, sponsors, commercial partners, and other external interests.
Advertising or sponsorship does not automatically influence our editorial decisions or the opinions expressed by our writers.
8. Sponsored and Promotional Content
Where Julian Daily Gist publishes sponsored, paid, or promotional content, we aim to clearly identify it as such.
Sponsored content does not necessarily represent the independent editorial views of Julian Daily Gist.
9. Conflicts of Interest
Our editorial team should avoid situations where personal, financial, or other interests could improperly influence reporting.
Where a relevant conflict of interest exists, we aim to disclose it when appropriate.
10. Use of Images and Other Media
We aim to use images, videos, graphics, and other media responsibly and with appropriate permission, licensing, attribution, or other lawful basis where required.
We do not knowingly use copyrighted material in a manner that infringes the rights of its owner.
If you believe that material published on Julian Daily Gist infringes your copyright, please contact us so that we can review the matter.
11. Artificial Intelligence
We may use technology and artificial intelligence tools to assist with certain editorial tasks, such as research support, proofreading, formatting, transcription, or drafting assistance.
However, AI-generated information is not treated as automatically accurate. Content remains subject to human review, editing, fact-checking, and editorial judgment before publication where appropriate.
We do not intentionally publish fabricated information generated by AI.
12. Privacy and Personal Information
We take reasonable care when handling personal information and avoid publishing unnecessary private information about individuals.
Sensitive personal information is published only when there is a legitimate public-interest reason and where appropriate.
Our handling of visitor information is explained in our Privacy Policy.
13. Opinion and Commentary
Opinion articles and commentary represent the views expressed by the respective writer or contributor.
Where appropriate, opinion content will be identified as commentary, analysis, or opinion so that readers can distinguish it from straightforward news reporting.
14. User-Generated Content
Comments and other material submitted by readers may be moderated.
We reserve the right to remove content that is unlawful, defamatory, abusive, discriminatory, misleading, threatening, spam-related, or otherwise inappropriate.
User comments do not necessarily represent the views of Julian Daily Gist.
15. Our Commitment
We are committed to improving the quality, accuracy, transparency, and usefulness of Julian Daily Gist.
As our publication grows, we will continue reviewing our editorial practices and updating this policy when necessary.
16. Contact and Corrections
If you have a correction, clarification, complaint, copyright concern, or question about our editorial practices, please contact us through our Contact Us page.
