Buhari inaugurates committee for recovery of looted assets

In  a bid to stregthen the fight against corruption, President Muhammadu Buhari has inaugurated a Presidential Committee on Asset Recovery.

Minister of Information and Culture, Lai Mohammed was quoted as disclosing this when he received the Special Representative of the United Nations Secretary-General for West Africa, Mr. Mohammed Ibn Chambas, in Abuja on Friday.

This was according to a statement issued by the Special Assistant to the Minister on Media, Segun Adeyemi.

Mohammed revealed that the committee is headed by Vice President, Yemi Osinbajo, while calling on the UN to support Nigeria’s fight against corruption.

“Just as you (UN) have supported us in the fight against insecurity in the North-East, we need your institutional, technical and diplomatic support in fighting corruption,’’ Mohammed said.

He said the committee will xoedinate asset recovery process, collate recovered assets between 2015-2016 and ensure they are not mismanaged.

The minister also said a register has been opened for recording of all recovered assets.

He further said the government is considering incentives for those who provide information for the recovery of these assets.

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