FG opens bid to pick auctioneers for recovered assets

The Inter-Ministerial Committee on the disposal of Federal Government’s forfeited assets, has opened the bid to select auctioneers to dispose the recovered assets.

Solicitor General of the Federation, Dayo Apata SAN. [Vanguard]

The Chairman of the Committee, and Solicitor General of the Federation, Dayo Apata SAN, who declared the bidding process open in Abuja said the idea is part of the government’s efforts to raise funds to meet its obligations.

“The assets were either recovered or forfeited by suspects facing corruption charges.

“The recovered assets include vehicles, boats, ships, plants and machinery as well as electronics and furniture."

The News Agency of Nigeria (NAN) recalls that the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, had on November 9, 2020 inaugurated the inter-ministerial committee on the disposal of the Federal Government’s forfeited assets.

He said the composition of the committee was approved by President Muhammadu Buhari on October 27, 2020.

The 22-member committee according to the AGF was given six months to dispose of all forfeited assets to the federal government.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Fola Alade, architect who designed 1004 Housing Estate in Lagos dies at 87

ASUU threatens to embark on strike again over unpaid salaries

Saraki: 'I surrounded myself with young people as Senate President'

SERAP sues FG, Lai Mohammed for asking broadcasters to stop using Twitter

Buhari asks Appeal Court President to help his govt fight corruption

Fashola explains why FG is borrowing to expand infrastructure

Fashola says FG will complete 2nd Niger Bridge next year

Gov Makinde and the economics of a N10.6B purported contract termination liability [Pulse Contributor's Opinion]

South-east governors oppose secession, say they’re committed to one Nigeria