House of Representatives Investigates Asset Management Practices

The House of Representatives has summoned 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 on November 2, 2026. This summons is part of an investigation into the management of seized, forfeited, and recovered assets.

The sub-committee, chaired by Ibe Osonwa, who represents Arochukwu/Ohafia Federal Constituency of Abia State, aims to create a comprehensive inventory of these assets and establish a unified digital registry to improve transparency and accountability. Osonwa emphasized the importance of this investigation due to ongoing concerns about the management and documentation of assets seized through law enforcement and anti-corruption efforts.

The sub-committee will conduct a comprehensive audit of assets held by relevant government institutions and review existing accountability mechanisms to recommend necessary reforms.