Home Local News Over 2,000 assets forfeited by Diezani, others rot away

Over 2,000 assets forfeited by Diezani, others rot away

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Over 2,000 assets, including proceeds of corruption, confiscated from politically exposed persons, civil servants and other individuals are currently rotting away, findings by Sunday PUNCH have revealed.

This is happening at a time the Federal Government is facing a cash crunch that has made it resort to borrowing from multilateral agencies and China to pay salaries and execute capital projects.

Some of the assets include over 90 sea vessels, scores of fuel-laden tankers, trucks, exotic cars, residential and commercial buildings, machinery, phones, laptops, jewellery, furniture, equipment and other items, which have been left at the mercy of the elements.

The assets were recovered by the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission, Nigeria Customs Service, Nigeria Police Force, National Drug Law Enforcement Agency and others.

Apart from this, many of the assets have also been cornered by top officials of the agencies and the government or sold to their cronies illegally.

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