The Federal Executive Council has approved the establishment of the Proceeds of Crime Recovery and Management Agency Bill.
According to Malami, the bill is targeted and intended to have in place a legal and institutional framework through which all recovered stolen assets are pooled and managed under an agency, ending the era when various government agencies work at variance with regards to recovered assets. “It is a Proceeds of Crime Recovery and Management Agency Bill. It is in essence a bill that is targeted and intended to have in place a legal and institutional framework. The legal component of it is having a law. And the institutional component of it is to have an agency that will be saddled with the responsibility of managing the assets that constitute the proceeds of crime in Nigeria.
“As it is for example the federal ministry of Justice is only in a position to account and giving comprehensive account of what recoveries were made by the ministry. But any recovery made by the police, DSS, the ministry of justice is not in a position to know. So, for the purpose of decision making and policy, the FG is not in a position to have a holistic appreciation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JOHESU strike to endanger more lives, says FG | The Guardian Nigeria News - Nigeria and World NewsThe Presidential Task Force (PTF), yesterday, admitted that the ongoing strike by the Joint Health Sector Unions (JOHESU) would endanger more lives, as measures are being intensified to contain the spread of the disease. The panel’s Chairman and Secretary to Government of the Federation (SGF), Boss Mustapha, who was speaking at its weekly briefing in …
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Fuel Price Hike CNG 40% Cheaper, Better Alternative For Nigeria – FG | Leadership NewspaperFuel Price Hike CNG 40% Cheaper, Better Alternative For Nigeria – FG As Nigerians groan over the recent increase in price of premium motor spirit (petrol), the federal government assured yesterday that the introduction of
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Strike looms as FG, Labour talks end in deadlock - Daily Post NigeriaThe talks between the Federal Government and the Organised Labour over the removal of petrol subsidy and the increase in electricity tariffs, ended in a
Source: DailyPostNGR - 🏆 11. / 59 Read more »
FG, Lagos govt stop barge operation along Marina coastline, as NPA revokes approvals - Daily Post NigeriaThe Federal and the Lagos State Government have ordered that all barge operations which have desecrated the beauty and serenity of Marina coastline be
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Bauchi govt requests FG to extend COVID-19 support to correctional centers - Daily Post NigeriaGovernor Bala Abdulkadir Mohammed of Bauchi State has requested the Federal Government to consider extending its COVID-19 palliative to Correctional
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Council boss blames flood occurrence on Dam construction by FG - Daily Post NigeriaThe Chairman of Ivo local government area in Ebonyi State, Prince Onyebuchi Ogbadu has blamed the incessant flood in the area council on the ongoing
Source: DailyPostNGR - 🏆 11. / 59 Read more »