President Muhammadu Buhari, yesterday sent his first two executive bills to the Senate,seeking to prohibit money laundering and criminal activities in the country.
The bills are:”The Money Laundering (Prevention and Prohibition) Bill, 2016″ and “The Mutual Legal Assistance in Criminal Matters Bill, 2016.”
Buhari, in a letter to the the Senate and addressed to the Senate President, Dr Bukola Saraki, said he was introducing the bills for formal consideration and enactment into law by the legislature.
In the letter read by Saraki, during plenary, Buhari informed that the first bill provides for the repeal of Money Laundering (Prohibition) Act 2011 as amended in 2012.
He explained that the bill would “make comprehensive provisions to prohibit the laundering of criminal activities, expand the scope of money laundering, and provide protection for employees of various institutions, bodies and professions who may discover money laundering”.
On the second bill, President Buhari said it “seeks to facilitate the provision and obtaining by Nigeria of international assistance in criminal matters.”
These, he stressed, include the provision and obtaining of evidence and things, and the making of arrangements for persons to give evidence or assist in criminal investigations.
He further stated that the bill seeks “the recovery, forfeiture or confiscation of property in respect of offences, the restraining of dealings in property or the freezing of assets that may be recovered, forfeited or confiscated in respect of offences.”
Vanguard reportage.
Hmmm,the senate may never approve this bills for obvious reasons.
Wow ! Amazing ...! Ride on bubu
ReplyDeleteGood to know.
ReplyDeleteI am just wondering if Alh Buhari still believe that Abacha is not corrupt. With all the billions of dollars being returned every year from foreign land
The Senate got no option than to approve the bill.
ReplyDeleteGood news!
ReplyDelete*clicks glasses with self*
Cheers!
At least we've gone down on the list of most corrupt countries. Down a whole lot
ReplyDeletealright.
ReplyDeleteThey will take forever to pass this bill
ReplyDeleteLet's wait and see, those politicians will approve dis.
ReplyDelete
ReplyDeletePARENTAL ADVISORY
^^^Adult Content^^^
If dem approve am mk I buy Bugatti
Time to test the wits and integrity of d senate.
ReplyDeleteAs in ehn! Stella u re so right.
ReplyDeleteThose pipo up dere?dnt go dere, dey re d real criminal.
Whatever happened to that senate president bukola saraki's case??
ReplyDeleteBecause I remember they were dragging him to court up and down and then it was postponed for the ministers appointment and since then we haven't heard Nada..
Just wondering tho
With the likes of Theodore Orji, Ubong Akpabio and co, will they allow the bill to pass. Lets watch and see if they will read the bill and assent to it.
ReplyDeleteI hope it doesn't go missing like the budget too, it's a very good one if approved, bukola saraki will have high bp on this one, we r watching, issorai
ReplyDeleteAnybody that doesn't support this man is just an enemy of progress. Buhari is God's chosen president for the redemption of our country Nigeria and he has resumed his great work
ReplyDelete