The Federal High Court sitting in Lagos has nullified all sales and disposals of assets made by the Attorney-General of the Federation (AGF), ABUBAKAR MALAMI, under the Asset Tracing, Recovery and Management Regulations, 2019.
The court also nullified the Asset Tracing, Recovery, and Management Regulations, 2019 for being an invalid statutory instrument.
Justice AMBROSE LEWIS-ALLAGOA made the order in a suit filed by the plaintiff, the Incorporated Trustees of the Human and Environmental Development Agenda Resource Centre, against the AGF.
The AGF inaugurated the Inter-Ministerial Committee on the disposal of assets forfeited to the Federal Government on November 9, 2020.
The minister said it was in accordance with the president’s directive in October 2018 following recommendations of the Presidential Audit Committee on Recovery and Management of Stolen Assets and a need for efficient management of the assets.