Reps summon NPF property outfit over police assets management

The House of Representatives Committee on Public Assets has summoned the management of Nigeria Police Force Property Development and Construction Company Ltd., over the management of police Assets.

Rep. Ademorin Kuye, Chairman, House Committee on Public Assets, gave the directive during the committee’s meeting with  officials of Ministry of Finance Incorporated (MOFI) on Wednesday in Abuja.

Kuye said that Mr Echebi Obe, Managing Director, NPF Property Development and Construction Company should appear before the committee on March 12,  to brief members on the management of police assets from 2004 to 2024.

The Chief Executive Officer of MOFI, Dr Armstrong Takang, had appeared before the committee to brief the lawmakers on the level of progress made, following the recent resolution of the house.

The house had urged MOFI and the Nigerian Institute of Estate Surveyors and Valuers (NIESV),  to embark on comprehensive enumeration and valuation of all public assets.

The house mandated the group to publish a detailed inventory of the assets in a register that would be available to the public.

Takang,  while responding to questions by the committee, said his organisation was consulting with other government bodies and relevant stakeholders to ensure there was public asset register.

He,  however,  sought the assistance of the National Assembly in coming up with legislation that would enable MOFI carry out its roles effectively.

Kuye urged Takang and his team to live up to expectations, while restating his committee’s stand against indiscriminate sales and misappropriation of government assets.

He said the committee would embark on oversight of public asset management and disposal in all the Ministries, Departments and Agencies’  guardianship of national assets.

He said this included the vast array of government assets,  both domestically and internationally, tangible and intangible, within Nigeria and abroad and ensure their optimal utilisation for Nigeria’s benefit.

According to him, the objective of the committee is to transform the assets into engines of economic growth and development through asset monetisation, investment maximisation,  and innovative revenue generation among others.