President-elect, Bola Ahmed Tinubu and other elected and re-elected public officers billed for swearing-in on the 29th of May,2023 must declare assets before being sworn in.
This was disclosed by Dr Mustapha Musa, the Special Assistant to The Code of Conduct Bureau, CCB Chairman, Prof. Mohammed Isah in a media chat today. Addressing newsmen, Musa revealed that the Bureau has done its part by issuing the asset declaration forms to all newly elected and re-elected public officers across the country.
Also, Musa hinted that some of the forms given to officers have not been returned.
Here are the consequences Tinubu could face for not declaring his assets
Revealing that those who are sworn in without declaring their assets will face consequences, Musa said, “The constitution is clear on defaulters; hence they should declare before they are sworn in or they face the consequences.’’
If Tinubu fails to declare his assets as required under the provisions of paragraph 11 of the 5th Schedule of the Federal Constitution, he can be removed from office. He can also be disqualified from holding any public office and any property acquired in abuse of office or dishonesty will be forfeited to the state.
Importance of asset declaration
READ ALSO: SEC to approve equity, property-backed digital assets not Bitcoin
Speaking further, Musa said, “It is important for elected officers to comply with the provisions of the Constitution as it is part of the requirements for occupying or exiting a public office.” According to him, asset declaration administration is a continuous process.
Musa further urged them to comply with the code of conduct as enshrined under the fifth schedule of the constitution of the country. He said, “They should comply with other codes, like the prohibition of bribery and corruption, abuse of power, among others because it is for the betterment of our country. When things get better, corruption will be defeated and we will have a country we will be proud of.”
The asset declaration which requires that Tinubu state all properties and assets acquired within or outside the country could unravel some things about him.