In Nigeria, a panel of members of the House of Representatives recently began an investigation into the recovered assets by various anti-graft agencies in the country. The ad-hoc panel, chaired by Adeogun Adejoroh, aims to identify the location and custodian of the government recovered assets.

This investigation is coming weeks after the suspension of acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu. Magu was accused of failing to give a proper account of 332 out of the 836 properties recovered by the agency prior to 2018.

A report by the Presidential Committee on Audit of Recovered Assets (PCARA) had alleged the EFCC of poor management and massive wastage and deterioration of physical assets including landed property, cars and vessels they recovered on behalf of the government.

Read more: Premium Times.

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