LAGOS HERALD – Chairman of the Senate Committee on Judiciary, Human Rights and Legal Matters, Michael Opeyemi Bamidele has applauded President Muhammadu Buhari for his prompt assent to three bills bordering on corruption and terrorism into law.
The Ekiti South Senator gave the commendation shortly after President Buhari signed the bills into law in Abuja, stating that it will strengthen the ongoing fight against corruption and terrorism.
Buhari had on Thursday signed the three bills into law, which included the “Terrorism Act (Amendment) Bill 2022; Money Laundering Act (Amendment) Bill 2022; and Proceeds of Crime Bill 2022.”
He described the President’s signing of the bills into law as commendable, and a demonstration of political will to fight corruption.
The Upper Legislative Chamber had on March 16, passed the Bill to Amend the Money Laundering Act 2011.
“The provisions of the Money Laundering Bill 2022, make it mandatory for Banks and other Financial Institutions to report in writing to the Special Control Unit Against Money Laundering under the Economic and Financial Crimes Commission, any single transaction or lodgment in excess of N5 million naira for an individual, and N10 million in the case of a corporate body.”
The Terrorism Act (Amendment) Bill 2022, which prohibits the payment of ransom to kidnappers in Nigeria was passed by the Senate on April 27. While the Proceeds of Crime Bill 2022 was passed by the Upper Chamber on March 23.
”Looking at the hard work put into these legislations by the National Assembly under the watch of the President of Senate and the Speaker of the House of Representatives as well as the promptness with which the Executive arm of Government; acted under Mr. President’s watch, it is obvious to Nigerians as well as the international community that there is certainly a political will to strengthen the fight against terrorism and corruption,” Senator Opeyemi stated.
Present at the brief ceremony were: the President of the Senate, Dr. Ahmad Lawan, Senator Opeyemi Bamidele, and the Chairman of the Senate Committee on Anti-Corruption, Senator Suleiman Kwari (APC, Kaduna North).
Others are Secretary to the Government of the Federation, Boss Mustapha, and Chief of Staff to the President, Prof. Ibrahim Gambari.
SOURCE: LAGOS HERALD