A bill seeking to give the federal government enabling powers to seize and confiscate assets acquired by corrupt public officers, money launderers and criminals involved in terrorist financing and other crimes has passed second reading in the Senate. The legislation entitled, “A bill For An Act To Make Comprehensive Provisions For Seizure, Confiscation, Forfeiture, And…
Tags: Money Launderers
Senate Seeks Swift Prosecution of Money Launderers, Terrorist Financiers
The Senate on Tuesday considered two critical bills seeking to facilitate the swift prosecution of money launderers and terrorist financiers in Nigeria. The bills when passed into law would also provide the needed framework for the prosecution of public servants with unexplained sources of wealth. The bills are Money Laundering (Prevention and Prohibition) Bill, 2021,…