President Muhammadu Buhari has said assets seized from officials who could not explain how they got them will not be returned but rather sold and the proceeds put in the Treasury Single Account.
The President explained that in the past assets seized from officials would later be returned to them when the government was changed, vowing that such occurrence will not happen anymore.
He stated this on Thursday when members of Presidential Advisory Committee Against Corruption (PACAC) visited him at State House, Abuja, promising to beam the searchlight on the cost of governance, and weed out possible corruption that exists anywhere.
The President appreciated members of the committee for the major sacrifice they’ve made in accepting the assignment to serve the country, noting that some of the elite won’t trust them and will be alienated, no matter how close they were to them.
Chairman of PACAC, Professor Itse Sagay, who led the delegation, said Nigeria was lucky more than ever to have a person of President Buhari’s credentials as leader of government.