The Code of Conduct Bureau on Friday, presented President Muhammadu Buhari with an asset declaration form at the State House, Abuja.
The paperwork was delivered to the President inside the Presidential Villa by Professor Muhammad Isa, Chairman of the Code of Conduct Bureau, who led other Bureau officials.
This is in accordance with a provision in the constitution requiring all public officers to declare their assets and liabilities upon taking office and at the conclusion of their service.
The asset disclosure form is a schedule in the Federal Republic of Nigeria’s Constitution (1999) that is required of all elected, appointed, recruited, and contracted public officers.
Declarants are required by law to list their assets and liabilities, including those of non-public officer spouses and minor children under the age of 18, and to submit them to the Bureau within 30 days of receiving the forms.
Senator Bola Tinubu, the president-elect; Kashim Shettima, the vice president-elect; and the 28 new governors, cabinet officials, and state assembly members are also anticipated to submit asset forms to the CCB.
They must also list all properties and assets acquired within or outside the country, as well as the worth of the assets in the currency of the country in which the property is located.
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.
