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Monday, August 8, 2022
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FG BEGINS SALE OF ASSETS BELONGING TO CORRUPT POLITICALLY EXPOSED PERSONS

The Federal Government has begun the process for the valuation of properties belonging to several politically exposed persons, including the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke, late Chief of Defence Staff, Air Chief Marshal Alex Badeh, and others.

The process started by the screening of over 600 independent valuers expected to manage the sale of the assets that the government alleged were illegally acquired and they are located in about 25 locations throughout the country.

The assets include Federal Government Layout, houses at Wuse 2 and Maitama high-end neighbourhoods of Abuja; 14 Adzope Crescent, off Kumasi Crescent; 19 Kumasi Crescent, Wuse 2; and 6 Umme Street, Wuse 2, Banana Island Foreshore Estate, Ikoyi, Lagos, include 18 flats and six penthouses located at Building 3, Block B, Bella Vista, Plot 1, Zone N.

Other items up for auction are 73 pieces of veils, one table blanket, 73 pieces of hard flower, 125 pieces of wedding gowns, 13 pieces of small gowns, 41 pieces of waist trainers, 11 pieces of suit, 11 pieces of invisible bra, 30 pieces of braziers, two pieces of standing fan, 17 pieces of magic skits, six packets of blankets and 64 pairs of shoes.

The total number of properties marked for auction across the country are 1,620, including cars, houses, phones, laptops, vessels and other valuables.

Mohammed Etsu, the Chairman, Inter-ministerial Committee on the Disposal of Forfeited Assets and Solicitor-General of the Federation, told journalists lasts week that 229 proposals were received for the valuation of plants furniture equipment, vehicles and machinery.

75 companies submitted bids for the valuation of water vessels for disposal, and 25 companies presented bids for the valuation of jewellery, ornaments and clothing materials for disposal.

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