The Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilization in the House of Representatives is at a loss for how to resolve a brewing crisis between the Economic and Financial Crimes Commission and the Asset Management Corporation of Nigeria.
On Tuesday, we learned that AMCON was claiming certain assets that had been recovered and forfeited by Diezani Alison-Madueke, the former Minister of Petroleum Resources.
Our correspondent was told by a major committee member that the EFCC had approached the committee to prevent AMCON from getting the assets, some of which were said to have been used as collateral to secure loans from various banks
The lawmaker, who spoke on the condition of anonymity, said there was suspicion that AMCON’s move might be an avenue to retrieve the assets from the custody of the EFCC and the Federal Government by extension.
The source said, “EFCC is complaining that AMCON is moving to possess some of the assets already seized and forfeited by looters. AMCON is claiming that some of the assets were already in possession of banks before EFCC approached courts to secure permanent forfeiture of the same assets.
“The assets include those retrieved from the so-called Diezani boys such as Aluko and Omokore.“Indeed, some of the banks have the original documents to claim the assets but the issue now is how to determine how a financial agreement can supersede a court order on the same assets.”
