The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Friday promised to investigate and prosecute people engaged in mismanaging the COVID-19 funds and palliatives.
ICPC Chairman, Prof. Bolaji Owasanoye, gave this warning during a roundtable discussion on ‘Fighting Money Laundering in the COVID-19 Era.
ICPC who decried the rise in fraud and corruption risk during the coronavirus pandemic also alleged that billions of dollars were missing annually through illicit financial outflows (IFFs) from Nigeria in particular and Africa in general.
Represented by ICPC’s Assistant Commissioner, Mr. Michael Agboro, Owasanoye stated that the Commission must put in place mechanisms to ensure transparency and accountability.
The Commission vowed to continue to beam its searchlight on the COVID-19 response activities and other sectors to ensure probity, transparency, accountability and integrity.
“As part of measures by the Commission to rid the country of corruption, we have adopted a sectoral approach to the fight against corruption and will continue to partner with other relevant agencies to combat money laundering and illicit financial flows.
“The Commission will not hesitate to investigate and prosecute any person who takes advantage of the emergency and exigency surrounding COVID-19 to commit acts of corruption and Other Related Offences, money laundering and economic sabotage through illicit financial flows,” Owasanoye said.