ICPC Recovers Housing Contributions for Retiree

As part of its effort to bring succor to weak and vulnerable Nigerians, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered the sum of N424, 857.12 which was the shortfall of payment of the housing contributions of a retiree, Dr. E. F. Odiah by Federal Mortgage Bank of Nigeria (FMBN).

The recovery was premised on a petition received by the Commission titled: “Attempt to Defraud Me by Federal Mortgage Bank.”

Dr. Odiah had in the petition he sent to the Commission alleged that FMBN had paid him the sum of N71, 566.76 against N530,000 being his contributions to the National Housing Fund from 1994-2013.

The petitioner also alleged that despite several letters of complaints to FMBN, he could not find any redress and this prompted him to seek ICPC’s intervention.

Acting on the said petition, the Commission embarked on a full scale investigation and directed FMBN to reconcile the petitioner’s account.  The resultant reconciliation was able to establish a shortfall of N424, 857.12 on payments made to Dr. Odiah’s account.

On account of this, FMBN subsequently paid the shortfall into the petitioner’s account.