ICPC: Yar’Adua Foundation owns property listed for forfeiture

The Independent Corrupt Practices and other Related Offences Commission (ICPC)
The Independent Corrupt Practices and other Related Offences Commission (ICPC)

The Independent Corrupt Practices and other Related Offences Commission (ICPC) has insisted that a property it listed as marked for forfeiture is owned by the Yar’ Adua Foundation.

In a statement yesterday, the spokesperson of the ICPC, Rasheedat Okoduwa, said in a report published  on page 11 of the Daily Trust newspaper, the Director-General of the Shehu Musa Yar’Adua Foundation, Jacqueline W. Farris, in a statement denied ownership of the property listed in the name of Shehu Musa Yar’Adua Foundation.


Okoduwa recalled that the ICPC had announced its seizure over tax issues as reported to it by the Federal Inland Revenue Service (FIRS).

She noted that the statement by Farris purported that the commission had recanted on the earlier notice it had put out in respect of the ownership of that particular property.


She said, “ICPC reiterates here that from the records of the Federal Capital Territory Administration, Department of Land Administration, the property in question is registered in the name of Shehu Musa Yar’Adua Foundation.”

The ICPC on in a statement on Monday, March 18, 2019  said it was moving to seize plots of land and buildings which cumulative value had been put at N4.8 billion from 30 companies operating in Nigeria.

It said the property to be seized includes 22.9 hectares of undeveloped land, one plaza and a block of six two-bedroom flats located in Wuse Zone One, Abuja belonging to the Shehu Musa Yar’adua Foundation, Vibrant Issuance Brokers, Millard Fuller Foundation, Maibuhu Farm and Construction Limited, Gabcon Enterprises Limited and a host of others.

Okoduwa said in the course of investigation, the alleged owners of the properties disclaimed ownership.

She said the move to seize the properties spread around Abuja followed a petition to the ICPC by the Federal Inland Revenue Service (FIRS), accusing the companies of defaulting in tax payment to the tune of N288.2 million.


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