Reps move to tighten rules on sale of federal assets
The House of Representatives is proposing a bill to create a National Public Assets Management Commission that will register, value, manage and oversee the disposal of all federal government assets held by ministries, departments, agencies and government-owned enterprises. The commission will maintain a central National Public Assets Register, require prior approval for any sale, lease or concession of public property, enforce compliance through binding directives, and ensure independent valuations, competitive processes and public-interest considerations before assets can be disposed of.
Pidgin: House of Representatives dem dey try make new law wey go create National Public Assets Management Commission wey go register, value, manage and supervise how dem go sell all federal government assets wey ministries, departments, agencies and government-owned enterprises get. Dis commission go keep one central National Public Assets Register, e go require say dem must get approval before dem fit sell, lease or give any public property, e go enforce compliance with binding directives, and e go make sure say dem do independent valuation, competitive process and public interest check before dem fit dispose any asset.
How this affects you: No direct impact stated in source.
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