The Benue Investment and Property Company Limited (BIPC) has successfully reclaimed two additional properties located along George Akume Way, Makurdi, as part of its initiative to recover assets allegedly acquired using company funds.
The Group Managing Director of BIPC, Dr. Raymond Asemakaha, emphasised that this action is a pivotal step in a broader asset recovery and verification strategy endorsed by Governor Hyacinth Alia.
“These properties, acquired in 2016 with funds diverted from the company, were identified through meticulous asset audits and investigation of misappropriated funds alongside the EFCC,” Asemakaha explained.
Administrative Oversights
He underlined BIPC’s unwavering commitment to ensuring that properties purchased with public funds are not left in private hands or lost due to administrative oversights.
According to him, the recovery process adhered strictly to legal procedures, including comprehensive documentation checks and physical verification.
The GMD cautioned that individuals holding governmental assets without optimising their use for the state’s benefit risk having those properties revoked.
Economic Prosperity
He pointed out that the primary goal remains the development of these assets to enhance economic prosperity for the Benue people.
Dr. Asemakaha revealed that additional asset recoveries are forthcoming as BIPC conducts thorough audits of its property holdings in line with the established edict of 1995.
He further noted that the reclaimed properties will be appropriately documented, secured, and leveraged for productive purposes in alignment with BIPC’s mandate to drive investments and revenue generation for the state.
Recovered Assets
Accompanied by security personnel and youths, BIPC officials were observed taking possession of the properties and marking them as recovered assets.
The measure the company emphasised is integral to the ongoing institutional reforms aimed at enhancing BIPC’s operational efficiency, transparency, and service delivery while safeguarding governmental investments for the welfare of the Benue State populace.
Lateefah Ibrahim