The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said that the disposal of assets recovered from criminal activities is a crucial part of Nigeria’s broader strategy to tackle corruption and organised crime.

The commission explained that beyond prosecution, ensuring that illicitly acquired property is sold or properly managed helps to weaken the financial incentives that drive criminal behaviour.

The statement was made in Abuja during an assessment of a public auction of forfeited assets organised by the National Drug Law Enforcement Agency (NDLEA). The Acting Director of the ICPC’s Proceeds of Crime and Management Directorate, Mr. George Lawal, described the process as transparent and consistent with the provisions of the Proceeds of Crime (Recovery and Management) Act, which governs how recovered assets should be handled.

Lawal noted that the open bidding process, where stakeholders witnessed the opening of sealed bids, reflects a growing commitment to accountability in the management of recovered assets. According to him, such transparency is essential in ensuring that proceeds of crime are not only recovered but also returned to public use in a way that benefits society.

He further stressed that when criminals are deprived of the financial rewards of their actions, it serves as a strong deterrent and reinforces the rule of law.

Lawal added that sustained enforcement of asset recovery laws, combined with transparent disposal systems, will continue to play a significant role in reducing crime and strengthening public confidence in government institutions.