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10 Federal Agencies Seek Recovery Of Assets



Leadership Nigeria News Today

Over 10 federal government agencies and parastatals have written to the Special Presidential Panel for the Recovery of Public Property to recover their assets.

LEADERSHIP reports that the requests were made through petitions from staff of the organizations, alleging that most of their previous officers left with assets belonging to the government.

The organisations include: National Institute for Legislative Studies (NILS), Tertiary Education Trust Fund (TETFUND), Federal Mortgage Bank of Nigeria (FMBN), National Inland Waterways Authority (NIWA), Nigeria Airways, the Nigerian Export-Import Bank (NEXIM) and some Federal Universities.

Confirming the development to LEADERSHIP, the Director, Operations of the investigative panel, Tahir Usman said more Nigerians are obliging them with information following the successes it recorded in the recovery of vehicles, lands and huge amount of money for government agencies including Federal Mortgage Bank and National Population Commission (NPC).

“They are petitions from insiders,” Usman said, referring to the request for the recovery of government properties. “We are investigating it,” he disclosed.

He said some of the issues under investigation in the agencies and parastatals includes: illegal awards of contracts, illegal acquisition of government properties and shape practices.

While calling on Nigerians to give them more information of sharp practices of public servants, Usman added that the fight against corruption has not reached 30 per cent.

“The fraud in organisations are not just from the heads so we still have a lot to do,” Usman said while decrying that some influential Nigerians under investigation have refused to declare their assets.

“People who refused to declare their assets within 30 days, we will take them to court and seek for confiscation of their properties,” Usman said, adding that refusal to declare assets is an offense liable to a five- year jail term without an option of fine.

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