House of Representatives to Audit Management of Recovered Assets

The House of Representatives has summoned officials from the Nigerian Navy, Nigeria Police Force, Nigeria Customs Service, Nigeria Immigration Service, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to appear before its sub-committee on Public Assets. This hearing is scheduled for November 2, 2026, and aims to investigate the management of seized, forfeited, and recovered assets.

The committee, chaired by Hon. Ibe Osonwa (Rep, Arochukwu/Ohafia), is tasked with conducting a comprehensive audit of these assets, establishing a unified digital registry, and strengthening transparency and accountability in their management. Hon. Osonwa emphasized that the management, disposal, and utilization of these assets have been longstanding issues of public concern and institutional scrutiny across various administrations.

He noted that questions regarding transparency and the integrity of processes governing seized assets are critical to public trust and the effectiveness of Nigeria’s anti-corruption efforts.