President Mohammadu Buhari has said that all assets seized by the government in course of its anti-graft probes would to sell and proceeds to fund the budget and bolster the economy.
Many past government officials have been accused of looting the country's economy while in the office with billions of naira lost in the process.
President Buhari was elected in 2015 in part on a promise to rid the country of graft.
In recent time, his government has focused on efforts to recover billions of naira stolen by the officials of the past administration.
Many properties have been recovered by the anti-graft agencies, including EFCC in the course of the fight against corruption.
“All mismanaged and misappropriated national assets recovered will be sold off and proceeds paid to the treasury for the benefit of the country,” he said, according to a statement from his spokesman.
The presidency statement did not say when the sales would happen, nor provide further details.
Very few officials from Buhari’s administration have so far been prosecuted despite frequent allegations against them.
Notable exceptions were his sacking last October of Nigeria’s most senior civil servant, Babachir Lawal, and the former head of the National Intelligence Agency for alleged involvement in corruption.
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