House Displeased with EFCC over Delay in Disposal of Recovered N46bn from Alison-Madueke


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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.

He said: “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…

Source: Thisday Newspaper