Assets Management Department

The department is established pursuant to sections 72 & 86 of Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) and is responsible managing preserved/restrained and forfeited assets.

This department is responsible for the following functions: –

• Providing leadership in the development and implementation of assets management strategies, policies, legislations and regulations, and procedures;
• Undertaking research on assets management to inform asset policy development, implementation, and management;
• Undertaking and monitoring physical risk assessment;
• Applying measures to ensure integrity and professional assets management standards;
• Devising, implementing, and monitoring effective risk management strategies in the department;
• Coordinating processes in planning, budget and funding proposal for the department;
• Cascading the strategic plan and performance contract in the department and carrying out staff performance appraisals;
• Formulating and implementing initiatives to instill integrity values in the department and adopt best practices in assets management;
• Developing performance improvement strategies that are adaptive to the changing environment and technology;
• Facilitating proper utilization of optimum assets, fleet and liabilities levels;
• Participating in the formulation of criteria for procurement and disposal of assets;
• Developing measures to evaluate and enhance the performance of outsourced service providers.