The President, Major General Muhammadu Buhari (retd.), on Friday, in Abuja, received copies of his asset declaration form at the State House, Abuja.
The Code of Conduct Bureau delegation, led by Prof. Isah Mohammed, arrived at the Aso Rock Villa Friday afternoon and delivered the documents to Buhari.
This complies with a clause in the 1999 constitution that requires all public officials to disclose their assets and liabilities both when they take office and after their terms are over.
The asset disclosure form is a requirement for all elected, appointed, recruited, and contracted public officers and is a schedule of the Federal Republic of Nigeria’s Constitution (1999).
According to guidelines published on the CCB website, “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.”
Declarants are required by Law to state their assets/liability including that of their spouses who is not a Public Officer and children under 18 years of age and submit same to the Bureau within 30 days of the receipt of the forms.
The president-elect, Bola Tinubu, the vice president-elect, Kashim Shettima and 28 incoming governors and their cabinet members as well as the state assembly members are also expected to submit their assets forms to the CCB.