ICPC clears Yewande Sadiku of fraud allegations

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The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has given a clean bill of probity to the former CEO and Executive Secretary of the Nigerian Investment Promotion Commission, NIPC, Ms Yewande Sadiku.

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In a letter dated December 16 and addressed to the CEO of NIPC, the ICPC said it received a petition against Sadiku and some other officials of the NIPC, accusing them of mismanaging public funds.

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The allegations were summarised as “fraudulent abuse of office; waste and mismanagement of public funds by the executive secretary of the NIPC through incessant tours and travels within and outside Nigeria without adding value to the Commission”.

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Sadiku was alleged to have “embarked on foreign trips without express approval of the governing council of the commission; used the commission’s fund to repair her damaged personal vehicle”, as well as received “illegal foreign leave allowance”.

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However, Akeem Lawal, ICPC director of operations, in the letter, said the allegations couldn’t be substantiated.

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“Upon investigation, none of these allegations was established, and the striking out of suit No FAC/ABJ/CS/249/2019 by his lordship, Hon. Justice A.R. Mohammed of the federal high court of Nigeria, Abuja division, brings the investigation to a close,” the letter reads.

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Sadiku, who was appointed executive secretary/CEO of NIPC in 2016, completed her five-year tenure last September.

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In August, the NIPC had issued a statement saying Sadiku voluntarily honoured an invitation by the Economic and Financial Crimes Commission contrary to reports that she was arrested and detained over allegations of contract fraud.

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