Thread by @BudgITng

BudgIT has urged the @MBuhari govt to dispose recovered assets in a transparent manner.

The best framework’s the enactment of the Proceeds of Crime Act (POCA) which has been passed by @NGRSenate but awaits passage by @HouseNGR. We’ve written to @YakubDogara for immediate action.

We’ve not seen increased interest by the FG to institutionalize the process of disposing of assets recovered as proceeds of crime.

The monthly publication of reports of the recovered assets and utilization, as provided by the OGP secretariat, stated that (next tweet).

An audit committee set up by @MBuhari is verifying all recovered assets. However, the committee report isn’t out yet. FG’s commitment to open govt means that information should be disclosed proactively; yet, vital information of recovered assets is not accessible to citizens.

The Federal Ministry of Justice has been tasked to develop guidelines for transparent management of recovered assets pending the enactment of the law, but assets recovered should NOT be sold without a transparent management framework.

With this in mind, BudgIT calls on president/federal government to develop the guidelines for the management of assets recovered. Likewise, we encourage the House of Representatives [@HouseNGR] to pass the POCA bill into law.

We also encourage the federal government [cc @NGRPresident @ProfOsinbajo @AsoRock @FinMinNigeria] to be transparent on sales and management of recovered assets so as not to create a scenario where looted funds are used to repurchase public assets.

END.