Reps Committee urges EFCC to commence sale of seized property

The House of Representatives ad hoc Committee on Abandoned Property has called

for immediate sale of seized assets by the Economic and Financial Crime
Commission (EFCC).

Rep. Ademorin Kuye, chairman of the committee, said this at an investigative hearing on sales of abandoned property on Thursday in Abuja.

Kuye said that as long as the EFCC kept the property in its custody, it would loose value and deteriorate, adding that such would not augur well for the country.

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He said the Federal Government had said that part of the 2021 budget
would be funded with the proceeds from sales of seized property, adding that keeping the property would affect the budget.

Kuye said the EFCC should ensure diligent prosecution of cases involving seized assets before offering them for sale.(NAN)