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Reps Implore EFCC To Sell Forfeited Assets
The house of representatives ad hoc committee on abandoned properties has urged the Economic and Financial Crimes Commission (EFCC) to commence the immediate sale of confiscated properties forfeited to the federal government.
Speaking during investigative hearing of the neglected properties on Thursday, Ademorin Kuye, chairman of the committee, said the properties stand to lose value if EFCC continues to hold on to them
He noted that the continued retention of the properties by the EFCC will not benefit the country and such might impede the federal government’s plan to finance part of the the 2021 budget with sales of properties.
According to NAN, he asked the anti-graft agency to ensure diligent prosecution of any case involving seized properties, before offering them for sale.
The federal government had earlier announced plans to fund part of the N13.59 trillion 2021 budget from the sale of national assets.
In February, Dayo Apata, chairman of the inter-ministerial committee on the disposal of assets forfeited to the federal government, had said the process of selling such assets in 25 locations across the country had commenced.
“The Committee is working assiduously to complete its assignment within the six (6) months’ time frame as spelt out in the presidential directive and is guided by the Asset Tracing, Recovery and Management Regulations, 2019, Standard Operating Procedures (SOP) and its Terms of Reference (TOR),” he had said.
Some of the assets to be sold include landed properties, machinery, motor vehicles, jewelry, among other items seized by courts from owners who were said to have acquired them through corrupt means.
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