FG directs ex-ministers, perm secs, others to return public assets

New executive order will boost revenue generation – Presidency

The Presidency has directed former federal senior public officers, including ministers, permanent secretaries and other political office holders, to immediately return the public assets still in their possession.

Finance minister, Kemi Adeosun in a directive to the federal ministries and departments, also announced the creation of an assets tracking and management project team, to facilitate the recovery of the assets.

In the circular, the minister also said that a central assets register has been set up to monitor, record, track and manage all capital assets belonging to the Federal Government as at December 31, 2016.

To facilitate the verification of the assets, all the accounting officers of the ministries, departments and agencies have been directed to prepare an inventory of all the fixed assets.

“The Asset Tracking exercise and Register will make planning and control easier and improve accountability for assets. With the increased allocation to capital expenditure to 30%, it is important that all assets are recorded and accounted for. Where disposals occur, they must be in line with the laid down procedures and must be transparent,” the minister said, in the statement.

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