In Pursuant of one of its core mandates as provided for in Section 3 (c) of the Proceed of Crimes Act which empowers relevant agencies to establish and maintain “assets management and disposal systems, and lists of approved auctioneers and valuers, and issue instructions for the realization or security of assets whilst ensuring fair process,” the Center was invited by the National Drug Law Enforcement Agency (NDLEA) to monitor and observe the bidding and auction process for some recovered assets by the Agency.
The Center welcomes and wishes to commend the NDLEA for complying with the provision of the POCA on asset disposal. The participation of independent observers is crucial for the credibility of the process, and relevant MDAs are enjoined to continue to engage critical stakeholders in their asset management processes.