President Buhari sends first two executive bills to the Senate

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Yesterday, President Buhari sent two bills to the Senate, hoping to prevent 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.”In the letter to the Senate, addressed to the Senate president, Dr Bukola Saraki, he said the bills are wing introduced for formal consideration and enactment into law by the legislature. The letter read by the Senate president, during plenary, Buhari informed that the first bill contributes 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 Mutual Legal Assistance in Criminal Matters 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.”

Source: Vanguardngr

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