Close Menu
National Update
    Facebook X (Twitter) Instagram
    Trending
    • Same Judge, Second Blow: Lifu’s ADC Ruling Defies Appeal Court
    • Timi Frank Takes Alleged Tinubu Plot Against Atiku Abroad
    • 2027: Timi Frank Accuses Tinubu of Plot to Frustrate Opposition Rallies
    • Imasuen Raises Alarm Over $2.3bn Annual Loss to Illegal Fishing
    • Obi’s Calabar Welcome Turns Tense As Attack Hits NDC Convoy
    • Obi’s Office Raises Alarm Over Youths’ Recruitment for Political Violence
    • 2027: HURIWA Urges INEC, National Assembly to Adopt US Electoral Lessons
    • Atiku, Amaechi Lead ADC Presidential Campaign Flag-Off in Sokoto
    Facebook X (Twitter) Instagram
    National UpdateNational Update
    Subscribe
    • News
    • Politics
    • Opinion
    • Economy
    • Entertainment
    • Health
    • Security
    National Update
    Home»Legislature


    Senate readies to re-amend Proceeds of Crime Bill 2022 a week after passage

    By National UpdateMarch 16, 2022 Legislature No Comments3 Mins Read
    Share
    Facebook Twitter WhatsApp LinkedIn Email

    The Proceeds of Crime (Recovery and Management) Bill, 2022, passed by the senate last week is being considered for a re-amendment as the upper legislative chamber indicated on Tuesday.

    The consideration of a motion for re-commital sponsored by the Senate Leader, Yahaya Abdullahi (Kebbi North) prompted the decision to re-amend the bill.
    The senate lader relied on Orders 1(b) and 52(6) of the Senate Standing Orders 2022 (as amended) to move for the amendment of the bill

    He explained that the re-amendment of the bill became expedient following the amendment that was made to Clause 74 which placed the Burden of proof on the investigating Agencies but not on the Defendant as recommended by the Joint Committee in its report.
    According to him, the amendment runs contrary to the provision of Article 12(7) of the United Nations Convention against Transnational Organized Crime (UNTOC).

    Article 12(7) of the United Nations Convention against Transnational Organised Crime provides that, “States Parties may consider the possibility of requiring that an offender demonstrate the lawful origin of alleged proceeds of crime or other property liable to confiscation.”

    On the need to amend the Clause 74 of the bill, Abdullahi said, “the implication of the amendment is that civil forfeitures would be a thing of the past in Nigeria as there would not be final forfeitures without a conviction. 

    “Implying that all property seized are included in the clause, even those that may be incidental to an arrest and may contain evidence needed for investigation of the crime.”

    “For example, phones, computers, documents, photographs etc recovered from suspected kidnappers, drug barons, human and child traffickers, cyber criminals, terrorists and the like would also wait for convictions before they can be seized, even in situations where the suspects are at large and the properties can be recovered for the benefit of the victim and Nigerians where applicable. 

    “Another example of a conundrum, is the “Ikoyi Loot” case, where no one has yet come to claim ownership of the funds and since there are no suspects to convict, the status of the funds would by virtue of this amendment remain in perpetual limbo, pending trial and conviction when the owner can be found if ever. 

    “The amendment also runs contrary to our International commitments, obligations and best practices as contained in those Conventions, Treaties and Protocols to which we are signatories and have as well domesticated”, the Senate Leader added.

    Accordingly, the chamber in a resolution rescinded its decision on Clause 74 of the bill as passed.

    The Senate, thereafter, recommitted the bill to the committees on Judiciary, Human Rights and Legal Matters; and Anti-Corruption and Financial Crimes to engage the relevant agencies with a view to exploring safeguard against abuse.  

    The Proceeds of Crime Bill seeks to provide for the restraint, seizure, confiscation and forfeiture of properties derived from unlawful activities. 

    The bill, when signed into law, would expand the mandates of existing statutory institutions to manage proceeds of crime, and facilitate the establishment of departments in relevant organisations to manage forfeited assets as well as provide for effective legal framework for the recovery of proceeds of crime.

    Previous ArticleHouse of reps aspirant, Oladokun Jeremiah Empowers Community
    Next Article Bill seeking to regulate practice of mortgage banking scales second reading

    Keep Reading

    28 States Approve State Police Bill, National Assembly Moves to Tinubu

    74 Extra National Assembly Seats Proposed for Women in 16-Year Reform Plan

    300 Albasu APC Leaders Accuse Chairman, Lawmaker of Backing Rival

    Bamidele: National Assembly Sets December Deadline for State Police Bill

    Senate Revisits Passed Bills, Approves Workers’ Compensation, Polytechnic Reforms

    Adamawa Insurgency: Hundreds Flee Homes as Senators Demand Security Surge

    Add A Comment

    Comments are closed.

    Advert
    VGC Advert
    Most Viewed Posts
    • Ex-Kogi Gov’s Arraignment Stalled at the instance of EFCC Counsels (2,548)
      The arraignment of the former Governor of Kogi State, Yahaya Bello, on an alleged money laundering case instituted against him by the Economic and Financial Crimes Commission (EFCC), has been adjurned to June 27, by the Federal High Court, in Abuja, based on an agreement by the counsels to the two parties. A new date,
    • Breaking: Intrigues, as ADC suspends its presidential candidate, Kachikwu, accuses him of blackmail (1,980)
      The African Democratic Congress (ADC) has suspended its presidential candidate Dumebi Kachikwu, from the party, accusing him of false, misguided and defamatory video he made and circulated, among other infractions. The party also considered Kachikwu's action as "smacks of crass irresponsibility, gross indiscipline, disingenuous scandalization and blackmail, and completely unfit of someone who wants to
    • North Central Serving Governor withdrew N60 billion cash in six years ― EFCC (1,852)
      A serving Nigerian governor has allegedly withdrawn N60billion from his state’s purse. The Economic and Financial Crimes Commission (EFCC) said that he has lifted about N60 billion cash from state coffers in about his six years in office. The governor remains unnamed and his state, partially identified as domiciling in the North Central of the
    • Integrity Pays: Delta SANs Honour Police Officer with ₦1m Award (1,712)
      In a rare show of appreciation for integrity in public service, the Body of Senior Advocates of Nigeria (BOSAN), Delta State chapter, has honoured Assistant Commissioner of Police (ACP) Aliyu Shaba for what they described as his anti-corruption stance and outstanding service within the Nigeria Police Force. At a colourful ceremony in Ekpan, Uvwie Local
    • A major win for Kanu as Court orders Nigeria to pay him ₦1billion (1,559)
      For violating the rights of the leader of the Indigenous People of Biafra (IPOB) Nndi Kanu a High Court in Umuahia, Abia State, on Wednesday ordered the Nigeria Government to pay him the sum of N1 billion The presiding Judge Benson Anya described the invasion of Kanu’s Afaraukwu residence as notorious and brazen. He also

    Latest News

    Same Judge, Second Blow: Lifu’s ADC Ruling Defies Appeal Court

    November 5, 2026

    Timi Frank Takes Alleged Tinubu Plot Against Atiku Abroad

    November 5, 2026

    2027: Timi Frank Accuses Tinubu of Plot to Frustrate Opposition Rallies

    November 5, 2026

    Imasuen Raises Alarm Over $2.3bn Annual Loss to Illegal Fishing

    November 5, 2026

    Obi’s Calabar Welcome Turns Tense As Attack Hits NDC Convoy

    November 5, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    National Update
    Facebook X (Twitter) Instagram
    © 2026 National Update. Designed by Lamark Cre8ives.

    Type above and press Enter to search. Press Esc to cancel.