In a bid to further strengthen the war against corruption, President Muhammadu Buhari, on Wednesday, sent two executive bills to the Senate, seeking to outlaw money laundering and criminal activities in the country.
in a letter to the Senate, President Buhari said he was introducing the bills, namely; ”The Money Laundering (Prevention and Prohibition) Bill, 2016″ and “The Mutual Legal Assistance in Criminal Matters Bill, 2016,” for formal consideration and enactment into law by the legislature.
In the letter read on the floor of the Senate by Bukola Saraki, Buhari said that the first bill provides for the repeal of the Money Laundering (Prohibition) Act 2011 as amended in 2012.
He said that the proposed 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."
The second bill according to the President “seeks to facilitate the provision and obtaining by Nigeria of international assistance in criminal matters.”
He explained that these would include providing and obtaining evidence and things, and arranging for persons to give evidence or assist in criminal investigations.
He also said 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.”
Posts
0 comments:
Post a Comment