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Reps call for sale of property seized by EFCC

The House of Representatives Adhoc Committee on Abandoned Properties has called for immediate sales of seized properties by the Economic and Financial Crime Commission, EFCC.

Chairman of the Adhoc committee Mr Ademorin Kuye, who stated this in Abuja at the investigative hearing on sales of abandoned properties said that as long as the EFCC kept the properties in its custody they would keep losing value and deteriorating, as such would not augur well for the country.

Mr Kuye said the government has indicated that part of the 2021 budget would be financed from sales of properties, meaning that if these properties were kept without selling them, it would affect the budget.

He however warned that the EFCC should ensure diligent prosecution of any properties still undergoing prosecution by the anti-graft agency before offering them for sale while querying the conditional right and purpose of transferring some assets to the Attorney General of the Federation.

The committee, however, expressed dissatisfaction with some of the documents brought by the EFCC Acting Director of Asset Forfeiture and Recovery Management, Mr Aliyu Yusuf.

The Acting Director of Asset Forfeiture and Recovery Management of the EFCC, Mr Aliyu Yusuf, however, pleaded that he should be given three weeks to come with other supporting documents, but was turned down by the committee.

The committee however agreed that the EFCC should come back in a week with other documents to marshall his argument before them.


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