FG promises to guard against misappropriation, mismanagement of forfeited assets

The Inter-ministerial Committee on the Disposal of Assets Forfeited to the Federal Government, on Tuesday, assured Nigerians that the Committee will ensure that the assets are neither misappropriated nor mismanaged.

As a way of ensuring a departure from the past, the Committee equally promised to ensure transparency, efficiency and adherence to due process of the law in the carrying out its mandates.

The Chairman, of the Committee and Solicitor – General of the Federation and Permanent Secretary, Federal Ministry of Justice, Mr Dayo Apata (SAN), gave the assurance on Tuesday while addressing newsmen in Abuja.

According to Apata, the Committee was working assiduously to complete the six months time frame spelt out in the presidential directives and added that asset recovery and disposal constitutes an integral part of the administration of criminal justice which according to him is all within the purview of the Attorney-General of the Federation.

He said: “It is to be noted that this coordination by the AGF is in line with international best practices, the need for efficient management of recovered assets, and also in furtherance of the exercise of the extant powers and functions conferred on him as the Chief Law Officer of the Federation under Section 150 (1) & 174 (1) of the 1999 Constitution (as altered).

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“Since the inauguration, the committee has held several meetings and consultations and has worked assiduously to develop its work plan, templates, strategies and modalities, in line with relevant Laws and Regulations, to aid it in the discharge of its mandate within the set time limit.”

Meanwhile, as a way of enhancing transparency, the Committee has adopted a Communication and Media strategy to keep the general public abreast of the activities of the committee.

He further noted that the committee has collated and still updating the list of assets that had been finally forfeited to the Federal Government, disclosing that forfeited assets are currently situated in 25 locations.

The items expected to be disposed of by the committee include, landed properties, plants, machinery, vehicles, electronics, furniture and equipment.

Others are; water vessels (Canoes, boats, barges, ships), jewellery, ornaments and clothing materials.

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FG committee promises to guard against misappropriation, mismanagement of forfeited assets

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FG committee promises to guard against misappropriation, mismanagement of forfeited assets

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