The President, Major General Muhammadu Buhari (retd.), on Friday, in Abuja, received copies of his asset declaration form at the State House, Abuja, PUNCH reports.
Buhari received the form from a delegation of the Code of Conduct Bureau led by its Chairman, Prof Isah Mohammed, who arrived at the Aso Rock Villa Friday afternoon.
This is in compliance with the provision of the 1999 constitution which mandates all public officers to declare their assets and liabilities on the assumption of office and at the end of their tenure.
The asset declaration form is a schedule of the Constitution of the Federal Republic of Nigeria (1999) and is mandatory for all elected, appointed, recruited and contracted Public Officers.
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.
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.”