The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Friday , June 24, 2022, spoke on the reports in the media about the seizure of multibillion-naira cash, dollars, Rolex watches stockpiled in an Abuja property, saying that it is owned by a military contractor to whom K. Salam Construction Company belongs.
This was contrary to media reports that the property was owned by former Chief of Army Staff, General Tukur Buratai.
In a statement by the ICPC spokesperson, Mrs Azuka Ogugua, it was stated that ICPC operatives raided a property at Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday, June 16 between 5:00pm and 12 midnight in suspicion of money laundering.
According to the spokesperson, “facts available for the time being indicate that the property is owned by owner of K Salam Construction Company, a military contractor.
“The Commission recovered money and other items from the property viz-a-viz 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 Commission arrested the Managing Director of K Salam Construction Company Nigeria Limited, Mr. Kabiru Sallau and investigation is ongoing.”
Mrs Ogugua added that the Commission had yet to conclude its investigation and preferred not to preempt its outcome, saying that it was also avoiding media trial.
