Nigeria House seeks asset audit

The House of Representatives of Nigeria has called for a comprehensive audit of all assets seized, forfeited, recovered, managed, disposed of, or repatriated by government institutions since the return to democratic rule in 1999. The resolution followed the adoption of a motion sponsored by Rep. Ibe Osonwa, who cited the absence of a centralized asset register and weak oversight mechanisms. The House urged the Federal Government to conduct a nationwide audit and establish a digital asset registry to improve transparency and accountability. The motion received overwhelming support and was adopted via voice vote presided over by Speaker Tajudeen Abbas. The House also resolved to constitute an ad hoc committee to investigate the inventory, valuation, management, preservation, disposal, utilization, and proceeds of recovered assets, with a mandate to report within four weeks.