President Muhammadu Buhari has approved the composition of an Inter-Ministerial Committee on the Disposal of Federal Government of Nigeria’s Forfeited Assets with a mandate to dispose all forfeited assets within six months.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, disclosed this in Abuja on Monday while inaugurating the 22-member inter-committee.
Malami charged the committee to conduct investigation, tracing, seizure and disposal of stolen or illegally acquired assets and proceeds of crime in accordance with the Asset Tracing, Recovery and Management Regulations 2019 issued by his office.
He said the panel was set up in accordance with Buhari’s directive in October 2018 following the recommendations of the Presidential Audit Committee on Recovery and Management of Stolen Assets because of the need for effective and efficient management of recovered assets as an interim measure pending the passage of the Proceeds of Crime Bill.
