President Muhammadu Buhari, in a bid to ascertain the actual sum so far recovered from looters of the public treasury, has inaugurated an audit committee on recovery of assets by government anti-graft agencies.
The inauguration which preceded the weekly Federal Executive Council (FEC) meeting took place at the First Lady chambers, where the FEC was also shifted for this week.
The committee has three members and was given four weeks to submit its report.
The members are Olufemi Lijadu, Gloria Chinyere Bibigha and Mohammed Nami.
Amongst its mandates, the committee is to audit all assets including cash and other properties so far recovered up to the 10th of April 2017, from the period the current administration took over office in 2015.
Many of the ministers were locked out of the inauguration venue as they were caught unawares by the arrangement to change the venue of the weekly FEC, from the Council Chambers to that of the First Lady’s.
BusinessDay sources said the decision was necessitated by faulty public address systems at the Council Chambers which needed to be repaired.