President Buhari on Thursday October 10, announced that assets forfeited by public office holders will be sold and its proceeds will be paid into the Treasury Single Account.

Speaking at the state house while hosting members of the Presidential Advisory Committee Against Corruption (PACAC), the President said Nigeria has gone past the era of returning forfeited assets to officials it was seized from after a new government comes in. 

President Buhari vowed that such would not recur as he has given instructions that all forfeited assets be sold, “and the money put in the Treasury Single Account.”

“Let’s see who will now take back the money from the treasury, and give back to those people, as was done in the past,” the President added.

Channels Television reported that he appreciated members of the committee for the “major sacrifice they’ve made in accepting the assignment to serve the country,” noting, “Some of the elite won’t trust you, and you will be alienated, no matter how close you are to them.”