ASSET RECOVERY: Gov. M.A Abubakar signs into Law; bill to recover stolen state assets.

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ASSET RECOVERY: Gov. M.A Abubakar signs into Law; bill to recover stolen state assets.

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In line with his promise to recover all stolen properties and monies belonging to the people of Bauchi state, Gov. M. A. Abubakar recently signed into law the establishment of the Public Property and Funds Recovery Tribunal 2017.

This was important following the submission of the report of the Committee on State Asset Recovery led by Air Commodore Tijjani Baba Gamawa and a High Powered Investigation Committee headed by Alh. Salihu Lukman Abubakar to investigate all contracts between May 2007- May 2015, investigate all major financial transactions as well as carry forensic audit of all state and LG finances among others.

The Tribunal will among others be empowered to recover state assets, including properties and monies stolen by past government officials, civil servants, companies and individuals. It also has the mandate to prosecute looters.

It’s immediate mandate is to recover and prosecute those mentioned in the stealing of the state’s properties and monies as discovered by the Asset Recovery and Investigation Committee.

The Tribunal will be composed of members from the EFCC, ICPC, Police and CCB, while the Chairman shall be a serving or retired High Court Judge in the state. The Secretary of the tribunal must be a lawyer as nominated by the Attorney General of the state.

Recall that on assumption of office, Governor Mohammed Abubakar vowed to pursue all looters of state resources and recover every asset stolen from the state, saying that the era of sharing free money in Bauchi is gone. The signing of the bill into law is seen as part of the fulfilment of this promise.