Buhari orders sale of forfeited assets within 6 months, Malami sets up committee

Buhari orders sale of forfeited assets within 6 months, Malami sets up committee

- President Buhari has ordered the sale of forfeited assets within the next months

- Following the directive, AGF Malami has set up an inter-ministerial committee saddled with the responsibility of selling the assets

- The move becomes important as the federal government seeks to generate more revenue

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President Muhammadu Buhari has ordered the sale of all the assets which the federal government secured through legal forfeiture within the next six months.

In line with the president's directive, the Attorney General of the Federation (AGF), Abubakar Malami (SAN), on Monday, November 9, inaugurated a 22-member Inter-Ministerial Committee for the sale of the assets.

The Sun reported that Malami disclosed that members of the committee were selected from the relevant agencies that deal with the recovery and disposal of the federal government’s assets.

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Buhari orders sale of forfeited assets within 6 months, Malami sets up committee

Buhari orders sale of forfeited assets within 6 months. Photo credit: Femi Adesina
Source: Facebook

Legit.ng gathers that the move to sell the forfeited assets is to generate revenue for the federal government.

Members of the committee include representatives from the following:

  • 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
  • Economic and Financial Crimes Commission
  • Independent Corrupt Practices (and other related offences) Commission
  • 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
  • Bureau of Public Procurement
  • Civil Society Organization
  • Youth
  • Media

The membership of the committee is also open to any other Nigerian with exceptional and relevant expertise as deemed fit by the AGF.

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Meanwhile, in an earlier report, the embattled former acting chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, responded to allegations that he enriched himself with recovered loots and properties.

In a recent letter to the probe panel chaired by Ayo Salami, Magu described the claims as false and aimed at damaging his hard-earned reputation as an incorruptible officer.

He maintained that apart from properties approved by the presidency for allocation to federal agencies, all other recovered assets are intact.

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Source: Legit.ng

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