The Nigerian Senate has passed an executive bill proposed to enlist international assistance in the country’s efforts to tackle criminal matters, including money laundering, asset acquisition from proceeds of corruption and other forms of illicit financial flows.
The proposed law, Mutual Legal Assistance in Criminal Matters Between Nigeria and Other Foreign Countries, SB 224, 2017, was read for the third time and subsequently passed by the Senate on Tuesday.
The passage followed the presentation of the joint report on the bill by the Senate committees on foreign affairs, chaired by Monsurat Sunmonu (APC-Oyo); judiciary, human rights and legal matters, chaired by David Umaru (APC-Niger) and anti-corruption, chaired by Chukwuma Utazi, PDP-Enugu.
The bill and another one on Money Laundering Prevention and Prohibition was sent to the Senate by President Muhammadu Buhari on January 27, 2016, before it was finally passed by the lawmakers today.
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