Asset Declaration Form for Nigeria

Asset Declaration Form Template for Nigeria

A comprehensive legal document mandated under Nigerian law, particularly the Code of Conduct Bureau and Tribunal Act, requiring specified individuals to declare their assets, liabilities, and financial interests. This form serves as an official record and transparency tool, capturing detailed information about personal assets, business interests, and financial obligations. The document plays a crucial role in Nigeria's anti-corruption framework and public accountability system, requiring periodic submissions and updates as prescribed by law.

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What is a Asset Declaration Form?

The Asset Declaration Form is a fundamental component of Nigeria's public accountability and anti-corruption framework, mandated by the Constitution and the Code of Conduct Bureau and Tribunal Act. This document must be completed by public officers upon assuming office, at regular intervals during service, and upon leaving office. It requires comprehensive disclosure of assets, liabilities, and financial interests both within and outside Nigeria. The form serves multiple purposes: ensuring transparency, preventing illicit enrichment, and maintaining public trust in official positions. It includes detailed sections for various types of assets, from real estate to financial investments, and requires supporting documentation for verification. Non-compliance or false declaration can result in serious legal consequences under Nigerian law.

What sections should be included in a Asset Declaration Form?

1. Personal Information: Declaration of personal details including full name, identification numbers, current position, and contact information

2. Employment Details: Current employment information, position, department, and date of appointment

3. Real Estate Holdings: Details of all landed properties, buildings, and real estate investments

4. Vehicles and Movable Assets: List of vehicles, machinery, and other significant movable properties

5. Financial Assets: Bank accounts, investments, shares, bonds, and other financial instruments

6. Business Interests: Details of company ownership, partnerships, and other business interests

7. Household Items: Valuable household items exceeding the prescribed threshold value

8. Income Sources: Declaration of all sources of income including salary, investments, and other earnings

9. Liabilities: List of all debts, loans, mortgages, and other financial obligations

10. Declaration and Oath: Sworn statement confirming the accuracy of the declaration and understanding of legal implications

What sections are optional to include in a Asset Declaration Form?

1. Foreign Assets: Section for declaring assets held outside Nigeria, used when the declarant has international holdings

2. Trust Properties: Declaration of assets held in trust, required when the declarant is a trustee or beneficiary

3. Inherited Assets: Section for recently inherited properties and assets, included when relevant

4. Diplomatic Assets: Special section for diplomatic staff declaring assets with diplomatic status

5. Spouse and Dependents: Declaration of assets held by spouse and dependents, required for certain positions

6. Previous Declarations: Reference to previous declarations, required for periodic updates

What schedules should be included in a Asset Declaration Form?

1. Schedule A - Property Details: Detailed listing of all real estate properties including location, value, and ownership documentation

2. Schedule B - Financial Accounts: Comprehensive list of all bank accounts, investment accounts, and financial holdings

3. Schedule C - Vehicle Registration: Detailed information about all registered vehicles including registration numbers and values

4. Schedule D - Business Interests: Detailed breakdown of shares, partnerships, and other business interests

5. Schedule E - Valuable Items: Itemized list of valuable personal effects above the declaration threshold

6. Appendix 1 - Supporting Documents: List of required supporting documents and attachments

7. Appendix 2 - Declaration Guidelines: Reference guide for filling out the form and compliance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Declaration Form

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Government and Public Service

Banking and Financial Services

Oil and Gas

Public Listed Companies

State-Owned Enterprises

Diplomatic Services

Defense and Security

Education

Healthcare

Judiciary

Relevant Teams

Legal

Compliance

Human Resources

Corporate Governance

Risk Management

Internal Audit

Administrative Services

Executive Office

Public Relations

Government Relations

Relevant Roles

Public Officers

Government Ministers

Directors

Senior Civil Servants

Military Officers

Judges

Bank Executives

Diplomatic Officials

State Governors

Local Government Officials

Permanent Secretaries

Department Heads

Agency Directors

Parliamentary Members

Corporate Executives

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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