The Socio-Economic Rights and Accountability Project (SERAP) has said that it welcomes the inauguration of the Audit Committee on the Recovery and Management of Stolen Assets as a partial fulfillment of a court judgment and requested President Muhammadu Buhari to strengthen and extend the mandate of the committee to cover the periods starting from the return of democracy in in 1999 as ordered by the court.
The audit committee established last month by Buhari is to undertake an audit of all recovery accounts established by government agencies. The committee has four weeks to submit its report.
In a letter dated 9 December 2017 and signed by SERAP executive director Adetokunbo Mumuni the organization urged Buhari to “strengthen the capacity of the committee, and to extend the four weeks deadline within which it is expected to submit its report to at least six months so that the committee could effectively document the details of information ordered by Justice M.B. Idris.”
The letter read in part: “Extending the mandates of the committee to cover periods starting from the return of democracy in 1999 could have a profound effect on combating the culture of impunity that prevails wherever corrupt individuals feel that the risk of punishment is low.”