ICPC Uncovers N18.62 Billion Budget Padding Scam By MDAs

ICPC Uncovers N18.62 Billion Budget Padding Scam By MDAs
ICPC Uncovers N18.62 Billion Budget Padding Scam By MDAs

ICPC Uncovers N18.62 Billion Budget Padding Scam By MDAs

The Independent Corrupt Practices and other Related Offences Commission (ICPC) says it has uncovered gross abuse of personnel budget and inflation as well as padding of nominal role by some Federal Ministries, Departments and Agencies (MDAs) amounting to N18.62 billion.

The Chairman of the ICPC, Bolaji Owasanoye, made the disclosure at the National Summit on Diminishing Corruption in the Public Sector and presentation of integrity awards, organised by the Office of the Secretary to the Government of the Federation in collaboration with the Commission in Abuja on Tuesday.

He said the discovery of the scam followed the launching of the commission System Study and Review of MDA Practices involving over 300 MDAs.

He said: “As at the time we went to press we had covered about 300 MDAs and the amount inflated was about N12 billion.

“As at today your Excellency we have discovered additional N6b making a total of N18.624b restrained by ICPC.

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