OrderPaperToday – The House of Representatives has called for the immediate sales of seized assets by the Economic and Financial Crime Commission (EFCC).

The decision was reached at an investigative hearing organized by the House adhoc Committee on Abandoned Properties led by Mr. Ademorin Kuye (APC, Lagos) on Thursday.

Mr. Kuye said that as long as the EFCC kept the seized assets in its custody they would keep losing value and deteriorating, adding that such would not augur well for the country.

He also pointed that the federal government plans to fund the 2021 budget from sales of public assets, adding that if these properties were kept without selling them, it would affect the budget.

Recall the Federal Government had said in addition to borrowing locally and internationally, it would sell some government-owned properties to fund the 2021 budget.

The arrangement was contained in the public budget presentation made by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed.

Kuye however said the EFCC should ensure a diligent prosecution of any properties still undergoing prosecution by the anti-graft agency before offering them for sale

He queried the conditional right and purpose of transferring some assets to the Attorney General of the Federation and Minister of Justice.

Kuye said that the AGF was also invited to appear before the committee but failed, adding that the Minister of the Federal Capital Territory (FCT) had also been summoned to answer questions.

The Committee was dissatisfied with some of the documents brought by Mr. Aliyu Yusuf, EFCC Acting Director of Asset Forfeiture and Recovery Management.

Yusuf however pleaded that he should be given three weeks to come with other supporting documents but was turned down by the committee.

The Committee however agreed that the EFCC should come back in a week with other documents to marshal its argument before it.


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