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Is the House of Reps for sale, or rent? - Punch Newspapers

Is the House of Reps for sale, or rent? - Punch Newspapers
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House Displeased with EFCC over Delay in Disposal of Recovered N46bn from Alison-Madueke

By Adedayo Akinwale The House of Representatives has expressed displeasure with the Economic and Financial Crimes Commission (EFCC) over the delay in disposing of the N46 billion assets seized from the former Petroleum Minister, Mrs Diezani Alison-Madueke. The Chairman of the Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, Hon. Adejoro Adeogun, expressed his displeasure on Friday when the Chairman of the EFCC, Mr. Abdulrasheed Bawa, appeared before the committee. The chairman of the committee opined that it was not ideal to continue keeping such recoveries as they were losing value over time.

Why EFCC is yet to dispose off Diezani  Madueke s N14bn worth of jewellery, $80m worth of house -  Bawa

  He said though a forfeiture order for assets recovered from the former Petroleum Minister was acquired in 2019, they were yet to be auctioned. Chairman of the Committee, Adeogun had said that the assets could  depreciate in value if kept for so long at time. “Given the financial situation of Nigeria, shouldn’t we just auction these things fast and put the money to use. Why does it take so long to turn these assets into cash to fund the budget?” Adeogun queried. But responding, Bawa said: “Already the Federal Government has set up a committee under the chairmanship of the Solicitor-General for the Federation and I think they are working tirelessly.

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