The Federal government of Nigeria has announced a major process to commence the disposal of forfeited assets currently situated in 25 locations across the country.
Chairman of the Inter ministerial committee on the disposal of federal government of Nigeria forfeited assets and Solicitor-General of the Federation, who disclosed this to newsmen in Abuja, stated that the committee had collated and was still updating all forfeited assets to the federal government.
According to Dayo Apata, who is also the Chairman of the Inter ministerial committee on the disposal of federal government of Nigeria forfeited assets, the assets which had been forfeited finally to the government included landed properties, plants, machinery, motor vehicles, electronics, furniture, water vessels, jewelry, ornaments and clothing materials.
“We are still collating these assets and those that have been finally fortified are those the committee can dispose of so that we don’t infringe on rights of individuals who have gone to court contesting the confiscation of their assets.”
He added that the committee, which comprised representatives from the Presidency, Police, Navy, Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), as well as Ministries of Finance, Justice, Works and Housing, among others are working towards completing the assignment within the next six months as spelt out in the presidential directive.
In 2019, a federal high court in Lagos ordered the permanent forfeiture of $40 million worth of jewellery seized from the residence of Diezani Alison-Madueke, former minister of petroleum resources, to the federal government.
The Solicitor-General said the panel would publish the list of assets and engage valuers and auctioneers as part of the process in the disposal of assets forfeited to the government.
“Interested persons/firms are encouraged to look out for the publication and make submissions in the required format and within the specified timelines. It needs to be emphasized that asset recovery and disposal constitutes an integral part of the administration of criminal justice which are all within the purview of the Hon. Attorney-General of the Federation.” He concluded.
The panel has been tasked with ensuring the government receives adequate value for forfeited assets and preventing misappropriation.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) last year inaugurated a 22 member committee which include the representatives of 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, and the Civil Society Organization.
The minister while inaugurating the 22-member committee said that the initiative was borne out of the president’s directive in October 2018 following recommendations of the Presidential Audit Committee on Recovery and Management of Stolen Assets and a need for efficient management of the assets.