Akinwande Soji-Ojo
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), has disclosed that its operatives raided the property of Kabiru Sallau, Managing Director of K Salam Construction Company Nigeria Limited, for alleged money laundering.
The commission stated this in a statement issued by its spokesperaon, Azuka Ogugua, on Friday.
According to ICPC, its operatives recovered N175 million, $220,000, exotic cars, among others, during the raid.
“The ICPC operatives raided a property in Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday, 16th June, 2022, between 5:00pm and 12:00am, on suspicion of money laundering. Facts available for the time being indicate that the property is owned by the 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.
“The Commission is yet to conclude its investigation and prefers not to preempt its outcome and also avoid the frenzy of a media trial,” the statement read.
