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Reps Committee commences enumeration, valuation of public assets

Reps Committee commences enumeration, valuation of public assets

The House of Representatives Committee on Public Assets has begun action to ensure the enumeration and valuation of public assets and the asset register in compliance with the House resolution.

Chairman, House Committee on Public Assets, Rep. Ademorin Kuye, revealed this in an interview with newsmen in Abuja on Thursday.

Kuye said the committee decided to begin immediate action to recover assets valued at trillions of naira from stolen and moribund public assets within and outside Nigeria, adding that it would help the Federal Government fully implement the 2024 Budget.

The Green Chamber of the National Assembly had earlier passed a resolution urging the Ministry of Finance Incorporated (MOFI) to embark on a comprehensive enumeration and valuation of all public assets.

The House also gave the Nigerian Institute of Estate Surveyors and Valuers, NIESV, the same task of publishing a detailed inventory of assets in a register that would be available to the public.

The chairman said the Committee will also evaluate indiscriminate sales and misappropriation of government assets, stressing that the Committee on Public Assets is founded on three pillars that define its mandate.

These, according to him, include “Strong oversight of public asset management and disposal in all the MDAs, guardianship of national assets, and governance of forfeited assets.”

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