President Buhari Seeks Approval To Freeze Accounts Holding Proceeds of Crime
Thompson Nsisongabasi
Oct 14, 2020
President Muhammadu Buhari has asked the House of Representatives to pass a Bill seeking to empower the Economic and Financial Crimes Commission (EFCC) to freeze accounts allegedly holding crimes proceeds.
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AFNews reports that the Bill will also give the anti-corruption agency more power to clamp down on money launderers.
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The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, read Buhari's letter in plenary on Wednesday, with the instrument of legislation attached, at 11:35 am.
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Recall that President Buhari had denied assenting to the same Bill in 2019, which worsened the rift between the National Assembly and the Executive.
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— Thompson Nsisongabasi