Vice President Yemi Osinbajo Says Federal Government Can Seize Assets Whether Or Not There is Corruption Allegation


Vice President Yemi Osinbajo has said the Federal Government can seize assets from citizens who cannot explain the source of their wealth.

Osinbajo made this known, yesterday, while declaring the anti-corruption conference organised by the office of the vice president and Presidential Advisory Committee Against Corruption, PACAC, in Abuja.

He said that the Supreme Court in a lead judgment of Akaahs JSC, recently held that forfeiture under Section 17 of the Advanced Fee Fraud and Other Related Offences Act is a civil process, which neither requires the criminal conviction of the property owner nor his innocence.

He said the enforcement of treasury single account, TSA, the presidential initiative on continuous audit, and even ensuring that most civil servants were on the IPPIS electronic platform had helped greatly to control official theft of public funds.

In his remarks, PACAC chairman, Prof. Itse Sagay, said it was observed that information at the disposal of various intelligence units in the country was not shared in a systematic and pragmatic manner to assist the fight against corruption and other related national security threats.