Speaker of the House of Representatives, Femi Gbajabiamila, has said the lower legislative chamber of the National Assembly will take necessary action to ensure the effective and efficient management and utilisation of recovered assets and loots.
He spoke on Monday while declaring open an investigative hearing to review the status of all recovered loots, movable and immovable assets from 2002 – 2020 by agencies of Federal Government of Nigeria.
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The Speaker said the hearing was part of the commitment by the House of Representatives, in its ‘Legislative Agenda’ to ensure transparency in the management of state assets.
“It is also part of our commitment to explore all the avenues available for generating income for government to meet its obligations to the people.
“Considering the dire straits of our national economy, it will be most unfortunate that valuable and potentially income generating assets are misused, misappropriated or underutilised.
“The commitment to fight and eradicate corruption from Nigeria is significantly undermined, if the Nigerian people do not have the confidence that those who have responsibility for these assets will use them to the national benefit.
“The war against corruption will not likely succeed if the Nigerian people do not have confidence that recovered assets cannot be properly accounted for by those who have the responsibility.”
He therefore urge lawmakers, citizens and stakeholders alike to work together to achieve the objectives that motivated the creation of the Ad-Hoc Committee of the House of Representatives.
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