President Muhammadu Buhari on Wednesday inaugurated the Audit Committee on recoveries of assets by government agencies.
The committee has three members and is to submit its report in four weeks.
Members include Olufemi Lijadu, Mrs. Gloria Chinyere Bibigha and Mohammed Nami.
They were sworn in by Buhari inside the conference room in the office of the wife of the president at the Presidential Villa, Abuja.
The President vowed to put in place measures to check embezzlement and diversion of recovered assets to private pockets, giving the assurance that all recovered assets must be accounted for.
He directed all the ministries, departments and agencies and corporate bodies to give the committee all the necessary support.
The President said he had earlier asked all government agencies to submit detailed reports of all recoveries up to March 2017 to his office.
He said the committee will audit all accounts in which the recovered assets where lodged to ensure reports submitted to him were accurate. He directed the committee to audit all remittances into the accounts up till April 2017.
Some of the ministries, departments and agencies (MDAs) that have announced recovered loot include the anti-graft body, the Economic and Financial Crimes Commission (EFCC), the Attorney General’s office and the Ministry of Finance.
President Buhari directed all MDAs, banks and companies to cooperate with the committee, which he said should submit its report to his office within four weeks.