FG Sets Up Committee To Sell Recovered Loot

The Federal Government has officially began the process of selling off both movable and immovable looted assets recovered so far through the anti-corruption efforts of the Muhammadu Buhari administration.

A 22-member committee was inaugurated to that effect on Monday in Abuja.

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, members of the committee, tagged: “The inter-ministerial committee on the disposal of Federal Government of Nigeria’s forfeited assets,” are drawn from relevant agencies that deal with the recovery and disposal of Federal Government of Nigeria’s assets.”

Malami urged the committee not to betray the trust placed on them by the government.

The AGF urged the committee to deploy “the Asset Tracing, Recovery and Management Regulations, 2019, the Standard Operating Procedures and Terms of Reference” as its working tools and guide on how best to actualise the quick disposal of the recovered assets in line with the directive of the President.

The committee’s Chairman and Solicitor General of the Federation, Dayo Apata assured that the committee would execute its mandate with utmost commitment.

Members of the committee are drawn from office of the Chief of Staff to the President; Federal Ministry of Justice; Federal Ministry of Finance; Federal Ministry of Works and Housing; Auditor-General of the Federation; the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices (and other related offences) Commission.

Other are: the Nigerian Army; Nigerian Navy; Nigeria Police; Nigeria Security Civil Defence Corps; Nigerian Maritime Administration and Safety Agency; Department of State Security; National Drug Law Enforcement Agency; Department of Petroleum Resources; National Oil Spillage, Detection and Response Agency; and the Bureau of Public Procurement.

Also to work on the committee are representatives of the Civil Society Organisations (CSOs); a representative of the youth organisations, a representative of the media; and “any other Nigerian with exceptional expertise that could add value to the committee as deems fit by the Attorney General of the Federation.”

70

Leave a Reply

Your email address will not be published. Required fields are marked *