ICPC investigates director of Police Pensions

The Independent Corrupt Practice and Other Related Offences Commission (ICPC) says it is currently investigating a deputy director with the Department of Police Pensions Office over allegations of several infractions of the Commission Act 2000.

A statement by ICPC Head of Public Enlightenment Mr. Mike Sowe, said the embattled director, while serving as Deputy Director of Accounts in the Lagos bureau of the Police Pensions Office, was also at the same time serving as a director in such private companies as Status Symbol Rentals, Royal Diadem Business Logistics Ltd, Amazing Grace Property Development Ltd and Enyiuzo Ventures Ltd.

“Also according to our findings so far, the companies under her management transacted business to the tune of tens of millions of naira, some of which were in cash in violation of the Money Laundering Act 2004. However, the commission is investigating the sources of the funds and taxes thereon.”

Mike added, “Documents obtained from relevant agencies and banks by the ICPC indicate that she has been the main or sole signatory to the accounts of the companies from inception until December 24, 2008 and March 6, 2009 when she resigned from the companies, though she has since remained a shareholder. She is likely to be charged to court for violating the ICPC Act 2000 and the Public Service Rules after the investigation”.