FG inaugurates committee to sell off recovered looted assets

THE Federal Government has inaugurated a committee to sell off the looted assets recovered so far through the anti-corruption efforts of the Muhammadu Buhari administration. Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, while inaugurating the 22-member committee in Abuja on Monday, urged its members not to betray the trust placed on them by the government. Malami said members of the committee, tagged: “The inter-ministerial committee on the disposal of Federal Government of Nigeria’s forfeited assets,” The minister noted that members of the committee are drawn from relevant agencies that deal with the recovery and disposal of Federal Government of Nigeria’s assets. 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. He said, “Your mandate is to ensure the expedient disposal of all FGN Forfeited Assets and generate revenue for the Federal Government of Nigeria. “I wish to implore the inter-ministerial committee to work as a formidable team with the relevant agencies in accordance with extant laws and regulations. “It is also my hope that the proceeds from this exercise will be a source of additional revenue for the country. “I must, however, warn that the task before the Inter-Ministerial Committee is an enormous one and must be conducted with utmost dignity having the interest of Nigeria at heart. Thus, much is expected from the committee.” The committee’s Chairman and Solicitor General of the Federation, Dayo Apata said the committee is ready to swing into action and execute its mandate with utmost commitment “I assure you that our committee will be guided by the twin principles of transparency and accountability,” Apata said.