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President Muhammadu Buhari yesterday signed three bills aimed at improving the anti-money laundering.

todayMay 13, 2022 8

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President Muhammadu Buhari yesterday signed three bills aimed at improving the anti-money laundering and counter terrorist financing/proliferation financing framework in Nigeria into law.

The bills are: the Money Laundering (Prevention and Prohibition) Bill, 2022, the Terrorism (Prevention and Prohibition) Bill, 2022, and the Proceeds of Crime (Recovery and Management) Bill, 2022.

Buhari in a statement through his senior special adviser on media and publicity Femi Adesina, at a signing ceremony at the Council Chamber, State House, Abuja,described the bills as being in tandem with his administration’s commitment to fight corruption and illicit financing activities, as well as critical to the governance agenda and the development of Nigeria.

The President commended the National Assembly for their persistence, courage and dedication in ensuring that Nigeria has put in place effective measures to address the menace of money laundering, terrorism, and terrorism financing.

Written by: urbanradio042

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