At the State House in Abuja on Friday, President Muhammadu Buhari recieved copies of his asset declaration form.
The Code of Conduct Bureau delegation, led by Prof. Isah Mohammed, arrived at the Aso Rock Villa on Friday afternoon, and delivered the paperwork to Buhari.
This complies with a clause in the 1999 constitution that requires all public officials to disclose their assets and liabilities both when they take office and after their terms are up.
The asset disclosure form is a requirement for all elected, appointed, recruited, and contracted public officers and is a schedule of the Federal Republic of Nigeria’s 1999 Constitution.
By law, declarants must list all of their assets and liabilities, including those of their spouses who are not public officials and their minor children, and submit this information to the Bureau within 30 days after receiving the forms.
The state assembly members, 28 new governors, their cabinet officials, and the president-elect, Bola Tinubu, vice president-elect, Kashim Shettima, are also anticipated to file their assets forms to the CCB.
According to guidelines published on the CCB website, “failure to declare the assets may result in removal from office; vacation of the official seat in any legislative house, as the case may be; imposition of fine; disqualification from membership of a legislative house and from holding of any public office for a period not exceeding 10 years and seizure and forfeiture of any property acquired in abuse or corruption of office.”
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