Senate passes Proceeds of Crime Bill for second reading

The Bill titled: “A Bill for an Act to provide for a comprehensive legal and institutional framework for the recovery and management of proceeds of crime or benefits derived from unlawful activities, harmonize and consolidate the legal provisions on the recovery of proceeds of crime and related matters, 2021, was sponsored by the Senate Leader, Yahaya Abdullahi (Kebbi North).

Abudullahi in his lead debate noted that the country has been striving to put in place an appropriate Proceeds of Crime legislation since 2007.

He said that efforts to develop a comprehensive bill have been impeded by agency rivalry since 2011.