President Muhammadu Buhari says the Federal Government will sell all unclaimed looted assets, including landed property and the proceeds deposited into the nation’s treasury.

Buhari made the disclosure on Monday while addressing a delegation of the Daura Emirate Coalition who paid him a condolence visit at his residence in Daura, Katsina State.

The President noted that many suspected looters of  government resources had been denying ownership of their ill-gotten property and assets over fears that such property could be traced to them by the various anti-corruption agencies in the country.

His words: “Some years back, one of my school mates in the primary school who worked at a cottage company before his demise predicted that  we will come to a situation when looters will deny their loots in Nigeria.

“So as a civil servant, you have 10 houses in Abuja and even in Kaduna and abroad, the more you show them the properties the more they will swear that it does not belong to them. And we are still following the process, you know in democracy you have to follow due process and the rule of law.

“If you are following, you will hear that some of these looters were arrested, and for those who deny their loots, then instead of what happened before, this time around we will sell those stolen properties and the proceeds will be deposited in government treasury.

“If the money is in the government treasury, I will see who will come back after we have left and reclaim them.”