According to The report, public employees who do not disclose their assets in accordance with the constitution risk losing their jobs.
According to the legislation, both before and after taking office, the President, Vice President, and members of the Federal Executive Council must report all of their assets, including cash, vehicles, real estate, bonds, stocks, and other valuables.
In accordance with the 1999 Constitution, presidential aides, state governors and their cabinet members, National Assembly and state Assembly members, and chairmen of local governments are all required to disclose their assets to the Code of Conduct Bureau before leaving office.
The state Assembly members, governors, and members of their cabinets, as well as the incoming president and vice president, have three months to submit their asset disclosure forms, which the CCB will verify.
According to information retrieved from the CCB website, an indiscreet official may lose their position and forfeit any undeclared assets.
It stated, “The responsibility to collect, fill and return asset declaration form rests solely with the declarant; therefore, submission of completed forms by the declarant through his/her respective head of department does not in any way exonerate declarant from responsibility or liability.
“The declarant is further required to provide detailed information including but not limited to the number, types, address, value of properties so declared and the date of acquisition as well as income derivable from the properties where appropriate.”
