Asses Verification

The major objectives of the verification exercise are to ascertain truthfulness about the existence, ownership, possession (in case of assets) and completeness (in case of liabilities) and valuation of items declared to the LACC. It is important to add here that the verifications conducted over the reporting period covers real properties only, as declared by subjects.

To have an effective Assets Declaration and Verification Regime in place, there is a need for the actual verification, freezing, prosecution and seizure of assets of officials who will be found wanting.  There is also the need for intelligence and support to whistleblowing and witness protection as the need may be.Improve adherence to legal framework for asset disclosure and verification system and as a consequence incidence of illicit enrichment is reduced due to the compliance of public officials with the assets declaration requirements.