Bayelsa Times

ICPC uncovers billions in cash following raid on military contractor’s house


The Independent Corrupt Practices and Other Related Offences Commission (ICPC)  has uncovered billions of Naira from a property which the commission says belongs to a certain K Salam Construction Company, a military contractor.

In a brief statement titled – ICPC Clears the air on media report of Abuja property’s raid and seizure, the commission, said its operatives raided a property in Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday,  June 16, 2022 between 5:00pm and 12:00am in suspicion of money laundering.

According to the communique signed by ICPC spokesperson, Azuka Ogugua, said the operatives of the commission recovered money and other items from the property.

What was uncovered included, “N175,706,500; $220,965; G-Wagon; 2022 editions of BMW and Mercedes Benz cars; customized mobile phones; several designer wrist watches, including three Rolexes, and some property documents”.

Following the uncovering, the ICPC said it arrested the Managing Director of K Salam Construction Company Nigeria Limited, Mr. Kabiru Sallau.

The commission said investigations are ongoing and as such, it prefers not to preempt the outcome of the inquiry, as to avoid the frenzy of a media trial.

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