The federal government on Monday gave a six-month timeline to its Committee on Disposal of Forfeited Assets to dispose of all  assets forfeited to the government.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), announced the timeline at the inauguration of the 22-member committee in Abuja.

The committee is chaired by the Solicitor General of the Federation (SGF) and Permanent Secretary of the Federal Ministry of Justice, Mr Dayo Apata (SAN).

Malami said following the directive of President Muhammadu Buhari in 2018, his office had in 2019, issued the Asset Tracing, Recovery and Management Regulations, “to provide legal and administrative frameworks for the investigation, tracing, seizure and disposal of stolen or illegally acquired assets and proceeds of crime”.
“It is my pleasure to note that Mr. President approved the composition of the Inter-Ministerial Committee on the Disposal of Federal Government of Nigeria Forfeited Assets on October 27, 2020 which we are inaugurating today. The committee has a time frame of six (6) months for the disposal of all Federal Government Forfeited Assets,” he further said.