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Politics (African)1 posts

Nigeria: Buhari Orders Sale of All Forfeited Assets

In a bid to minimize the impact of corruption, President Muhammadu Buhari has instructed agencies to sell all assets seized from officials, the money be deposited into the Treasury Single Account. This development follows a meeting between Buhari and the Presidential Advisory Committee Against Corruption at the State House in Abuja. 

The assets to be sold are comprised of seized assets belonging to Nigerian officials who could not justify their ownership.

The president stated: "Let's see who will now take back the money from the treasury, and give back to those people, as was done in the past,"

He also commended the commitee for the "major sacrifice they've made in accepting the assignment to serve the country" annd added that "Some of the elite won't trust" them and that they "will be alienated, no matter how close you are to them."

Chairman of PACAC, Professor Itse Sagay applauded Buhari's efforts : "We congratulate you for being a star of the anti-corruption struggle in Africa. You attach a lot of importance to the fight against corruption, and we have tried to achieve the aims you had in mind when you established PACAC."

According to him, the committee trains, builds capacity of anti-corruption agencies, and has helped to develop a programme of non-conviction assets recovery, which is recording great successes.

PACAC made some recommendations to the President, in order to move the anti-corruption war many steps forward.

They include re-establishment of the jury system for criminal cases in the country; setting up of a judicial commission on corruption in the judiciary, to be headed by retired judges under the auspices of National Judicial Council, passage of Proceeds of Crime Act by the National Assembly, the setting up of a Presidential Truth and Restitution Task Force and a closer look at the cost of governance to weed out all vestiges of corruption.

 

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