The Independent Corrupt Practices and other related offences Commission, ICPC, said it has recovered N175,706,500; $220,965; G-Wagon; 2022 editions of BMW and Mercedes Benz cars; customized mobile phones, several designer wrist watches, including three Rolexes, and some property documents.
The recovery, the commission said in a statement issued by its spokesperson, Mrs. Azuka Ogugua, on Friday, followed the raid carried out on a property in Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday.
The raid was said to have been carried out between 5:00pm and 12:00am in suspicion of money laundering.
The property, ICPC revealed, is owned by the owner of K Salam Construction Company, a military contractor.
The commission said it had arrested the Managing Director of K Salam Construction Company Nigeria Limited, Mr. Kabiru Sallau.
“The Commission is yet to conclude its investigation and prefers not to preempt its outcome and also avoid the frenzy of a media trial.”