Reps Advises EFCC TO BEGIN SALE OF SEIZED PROPERTIES

The House of Representatives ad hoc Committee on Abandoned Property has called for the immediate sale of seized properties by the Economic and Financial Crime Commission (EFCC).

NAN reports that Rep Ademorin Kuye, chairman of the committee, made the call at an investigative hearing on sales of abandoned property on Thursday in Abuja.

Kuye said the reason behind the call to sell the assets is because they would lose value and deteriorate if they remain in the custody of the EFCC.

“The Federal Government has also assured that part of the 2021 budget would be funded with the proceedings from sales of seized property and keeping these properties will affect the budget, ”he said.

Kuye, however, urged the EFCC to ensure diligent prosecution of cases involving seized assets before offering them for sale.

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