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AGF, Justice Malami inaugurates committee to sell recovered looted assets

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AGF, Justice Malami inaugurates committee to sell recovered looted assets

AGF, Malami has inaugurated a committee to sell movable and immovable looted assets recovered through  the anti-corruption efforts since 2015.

The 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.

“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,” Justice Malami said.

“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.”

“Your mandate is to ensure the expedient disposal of all FGN Forfeited Assets and generate revenue for the Federal Government of Nigeria,” Malami urged the committee.

“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,” Malami added.

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.

Others 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.

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