The Nigerian House Representative has called for the assessment and investigation into movable and immovable assets of Nigerian agencies for effective management and accountability

The House has therefore set up an Ad-hoc Committee to evaluate all such assets from 2002 to 2020 and recommend adequate processes with an adequate legislative framework that will ensure the country gets possession of the assets and put them to good use by the nation.

This was sequel to a motion moved by
Hon.Ibrahim Isiaka (APC, Ogun State) during the Thursday plenary at the green chamber of the National Assembly Complex in Abuja.

Hon. Isiaka stated that a lot of assets of agencies in Nigeria are stranded within and outside the country due to various flimsy reasons that can be attributed to negligence, lack of accountability and disregard for due process.

He expressed sadness at the huge sums expended on the assets wasting away in various locations. Rep. Isiaka stated that some of the assets have been forfeited as proceeds of crime and remain unused when some agencies of government still expend huge budgeted funds on renting offices.

Ogun State federal legislator noted that some of the assets have been forfeited as proceeds of crime and remain unused when some agencies of government still expend huge budgeted funds on renting offices.

The Motion which was seconded by Rep. Haruna Mshelia was voted on and adopted.

The he Speaker of the House, Rep. Femi Gbajabiamila therefore announced the membership of the Ad-Hoc Committee to carry out the task and it is to be chaired by Hon. Ade Adeogun.

The Committee is expected to report back to the House within 9 weeks

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