Politics Nigeria: Adeosun Launches New Policy to End Theft of Govt Assets by Govt Officials



Nigeria's Finance Minister, Kemi Adeosun has launched an Asset Tracking and Management Project which will locate, identify, assess and evaluate all moveable and non-moveable assets of the federal government.

This follows the recent recovery of government property from ex government officials by anti graft agency.

In a statement released on Sunday, Adeosun said the "asset tracking exercise and register will make planning and control easier and improve accountability for assets.

“With the increased allocation of capital expenditure to 30 per cent, it is important that all asset are recorded and accounted for.

“Where disposals occur, they must be in line with the laid down procedures and must be transparent,” she said.

Mrs. Adeosun said the asset register would afford the government to know and monitor, in real time, online information on the inventory of government assets.

She said a project coordinator would be appointed for the immediate take-off of the Asset Tracking and Management Project and the creation of the first Central Asset Register for the federal government.

Mrs. Adeosun said a circular had been dispatched to all Federal Ministries, Departments and Agencies (MDAs) for accounting officers to actualise the objective.

She said the circular directed accounting officers to prepare an inventory of all fixed assets held as at December 31, 2016, to facilitate physical verification by the project team.



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