President Muhammadu Buhari has said that assets seized from officials who could not explain how they got them will not be returned but rather sold and the proceeds will be put in the Treasury Single Account.
The President explained that in the past assets seized from officials would later be returned to them when the government is changed, vowing that such occurrence will not happen anymore.
Recalling experience of the past, in which assets were seized from officials who couldn’t explain how they got them, “only for those assets to be returned to them when government was changed,” President Buhari vowed that such would not recur, as he had given instructions that all forfeited assets be sold, “and the money put in the Treasury Single Account.”
“Let’s see who will now take back the money from the treasury, and give back to those people, as was done in the past,” the President added.
He stated this on Thursday when members of Presidential Advisory Committee Against Corruption (PACAC) visited him at State House, Abuja, promising to beam the searchlight on the cost of governance, and weed out possible corruption that exists anywhere.