Buhari transmits money laundering, terrorism prevention bills to NASS

President Muhammadu Buhari has transmitted Money Laundering and Terrorism Prevention bills to the House of Representatives.

The President who calls for expedite consideration and passage of the two bills explained that the bills were sent by the Presidency pursuant to section 58(2) of the 1999 constitution (as amended).

President Buhari observed: “During the recent mutual evaluation carried out by the inter-governmental action group against money laundering in West Africa, there was an observed deficiency in Nigeria’s anti-money laundering activities.

According to him, sequel to the review of the policy, “Federal Ministry of Justice and relevant stakeholders reviewed the said deficiency and drafted the Money Laundry bill, 2022 and terrorism bill 2022.

“Unless these deficiencies are addressed promptly by the national assembly in order to bring the legal regime in conformity with the United Action Task Force recommendation, Nigeria will face the risk of negative public statement, blacklisting the country by the financial action task force, and this will lead to some negative consequences to our rapidly growing economy.

“In the light of the above, the Federal Ministry of Justice reviewed the Money Laundering bill and Terrorism prevention bill currently pending before the National Assembly and have come up with versions of the bills, incorporating the deficiencies by the mutual evaluation report,” President Buhari stated in the letter.

IN CASE YOU MISSED THESE FROM NIGERIAN TRIBUNE

• ‘Officials initially offered to help but when the number of able-bodied citizens at the centre increased, they left us unattended to’
• Why Ogun Tops List Of ‘Yahoo Boys’ In Nigeria ― Governor Abiodun
• Police, Amotekun after criminals on Lagos-Ibadan expressway
• Suspected cannibal pays N500,000 for boy’s human organs, says ‘that’s my favourite meal, especially the throat’
• Court awards Nnamdi Kanu N1 billion over invasion of his home by military, asks FG to apologise

YOU SHOULD NOT MISS THESE FROM NIGERIAN TRIBUNE

‘Officials initially offered to help but when the number of able-bodied citizens at the centre increased, they left us unattended to’
With the imminent disconnection of the SIM cards of Nigerian phone users who failed to enroll for the National Identification Number (NIN) registration, This report unearths the unsavoury treatment of persons with disabilities at NIMC enrolment centres in the six South-West states which is in disobedience of the provisions of the Disabilities Act and other laws.

Court Awards Nnamdi Kanu N1 Billion Over Invasion Of His Home By Military, Asks FG To Apologise
Justice Benson Anya of the Abia State High Court sitting in Umuahia on Wednesday awarded the sum of N1 billion to the IPOB leader, Nnamdi Kanu, over the 2017 invasion of his Afara Ukwu home by the military.