President Muhammadu Buhari has received copies of his asset declaration form at the State House in Abuja.
The Code of Conduct Bureau delegation, led by its Chairman Prof Isah Mohammed, presented the forms to the President on Friday at the Aso Rock Villa.
The asset declaration form is a crucial component of the Constitution of the Federal Republic of Nigeria (1999) and is obligatory for all elected, appointed, recruited, and contracted public officers.
The law requires declarants to disclose their assets and liabilities, including those of their spouses (if not a public officer) and children under the age of 18.
They must submit the completed forms to the Code of Conduct Bureau within 30 days of receiving them.
President-elect, Bola Ahmed Tinubu, Vice President-elect Kashim Shettima, and 28 incoming governors, along with their cabinet members and state assembly representatives, are also expected to submit their asset forms to the Code of Conduct Bureau.
Guidelines published on the CCB’s website outline the consequences of failing to declare assets, which include potential removal from office, vacation of the official seat in a legislative house, imposition of fines, disqualification from legislative membership and holding any public office for up to 10 years, and the seizure and forfeiture of any property acquired through abuse or corruption of office.
President Buhari’s compliance with the asset declaration requirement reinforces the commitment to transparency and accountability in public office.
The submission of these forms by top government officials sets an important precedent for upholding the principles of good governance in Nigeria.