Not a pin, penny of recovered assets will be mismanaged under my watch — EFCC boss
The EFCC chairman also referenced the Asset Management Corporation of Nigeria, AMCON, established to manage recovered assets, claiming that the government lost more than N5 trillion under the arrangement.
He said the Nigeria Police Force alone had divisions in almost every local government and stations in most wards, making it impracticable for a single agency to manage assets recovered by the force and other government institutions.
He opposed calls for the establishment of a single agency to manage all assets recovered by government agencies, arguing that similar arrangements in other countries had failed.
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