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FG warns estate surveyors, valuers on forfeited property’s bidding

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Nigeria’s attorney-general and minister for justice Abubakar Malami PHOTO: TWITTER/Abubakar Malami

The Inter-Ministerial Committee on Disposal of Forfeited Assets to Federal Government has warned estate surveyors and valuers, who participated in the property valuation, to steer clear of the bidding.

The Chairman of the Committee and Permanent Secretary of Ministry of Justice, Dayo Apata, who gave the warning, on Friday, in Abuja, said committee members would not be part of the auctioneers.

Apata said opening of the bid followed an advertisement placed on May 10, 2021 for auctioneers to show interest.

He assured the public of transparency in the exercise, adding that criteria set out by his committee would be strictly followed.

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The Chairman of the sub-committee on sales of the forfeited assets, Bello Nasir, disclosed that over 2,000 auctioneers bade for sales of assets forfeited to the Federal Government.

Nasir said the committee identified the forfeited assets to be sold in 25 locations across the country, except places affected by violence and insecurity.

He said: “Estate surveyors and valuers had inspected the assets to ensure they are sold at market value, in line with international best practice.”

It would be recalled that the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), inaugurated the Dayo Apata-led Inter-Ministerial Committee on November 19 last year.

Malami, while inaugurating the committee, said the initiative was borne out of the president’s directive in October 2018, following recommendations of the Presidential Audit Committee on Recovery and Management of Stolen Assets and a need for efficient management of the assets.

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