The Senate, on Tuesday, moved to re-amend the Proceeds of Crime (Recovery and Management) Bill, 2022, passed by the chamber on March 9, 2022, last week.
The decision to re-amend the bill followed the consideration of a motion for re-commital sponsored by the Senate Leader, Yahaya Abdullahi (Kebbi North).
Senator Yahaya Abdullahi explained that the re-amendment of the bill became imperative in view of the amendment that was made to Clause 74 which placed the Burden of proof on the investigating Agencies but not on Defendant as recommended by the Joint Committee in its report.
According to him, the amendment runs contrary to the provision of Article 12(7) of the United Nations Convention against Transnational Organised Crime (UNTOC).
Article 12(7) of the United Nations Convention against Transnational Organised Crime provides that, “States Parties may consider the possibility of requiring that an offender demonstrate the lawful origin of alleged proceeds of crime or other property liable to confiscation.”
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On the need to amend Clause 74 of the bill, Abdullahi said, “the implication of the amendment is that civil forfeitures would be a thing of the past in Nigeria as there would not be final forfeitures without a conviction.
“Implying that all property seized are included in the clause, even those that may be incidental to an arrest and may contain evidence needed for the investigation of the crime.”
“1Example of a conundrum is the “Ikoyi Loot” case, where no one has yet come to claim ownership of the funds and since there are no suspects to convict, the status of the funds would by virtue of this amendment remain in perpetual limbo, pending trial and conviction when the owner can be found if ever.
“The amendment also runs contrary to our International commitments, obligations and best practices as contained in those Conventions, Treaties and Protocols to which we are signatories and have as well domesticated”, the Senate Leader added.
Accordingly, the chamber in a resolution rescinded its decision on Clause 74 of the bill as passed.
The Senate, thereafter, recommitted the bill to the committees on Judiciary, Human Rights and Legal Matters; and Anti-Corruption and Financial Crimes to engage the relevant agencies with a view to exploring safeguard against abuse.
The Proceeds of Crime Bill seeks to provide for the restraint, seizure, confiscation and forfeiture of properties derived from unlawful activities.
The bill, when signed into law, would expand the mandates of existing statutory institutions to manage proceeds of crime, and facilitate the establishment of departments in relevant organisations to manage forfeited assets as well as provide for effective legal framework for the recovery of proceeds of crime.
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