Connect with us

News

Senate moves to re-amend Proceeds of Crime Bill 2022

Published

on

Nigerian-Senate
Nigerian Senate
Share

 

The Senate, on Tuesday, moved to re-amend the Proceeds of Crime (Recovery and Management) Bill, 2022, passed by the chamber on March 9, 2022, last week.

The decision to re-amend the bill followed the consideration of a motion for re-commital sponsored by the Senate Leader, Yahaya Abdullahi (Kebbi North).

In his presentation, Senator Yahaya Abdullahi, 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 imperative in view of 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 Organised 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.

Meanwhile, the Senate President, Ahmad Lawan, on a Tuesday also referred President Muhammadu Buhari’s request to confirm the appointment and renewal of Members of the the Monetary Policy Committee in the Central Bank of Nigeria to the Committee on Banking, Insurance and Other Financial Institutions.

The nominees who are to appear before the Committee for screening include: Professor Mohammed Adaya Salisu and Dr. Mo’ Omamegbe (new appointment).

Others who are for renewal are Prof. Michael Obadan, Prof. Festus Adeola Adenikinju, Prof. Aliyu Sanusi Rafindadi, Dr. Robert Asogwa and Alhaji Aliyu Ahmed.
 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Olubadan-In-Council Appoints Ladoja As New Olubadan

Published

on

Rashidi Ladoja
Share

The Olubadan-In-Council has nominated former Oyo State Governor Rashidi Ladoja as the 44th Olubadan of Ibadan.

Ladoja was nominated at the Olubadan Palace in Oke-Aremo, Ibadan North Local Government Area of Oyo State, on Monday, August 4, 2025.

“We, the members of the Olubadan-In-Council, have all signed and nominated Oba Rashidi Ladoja as the new Olubadan of Ibadanland,” stated the Balogun Olubadan of Ibadanland, Oba Tajudeen Ajibola, who presided over the meeting.

Ajibola added that the resolutions from the meeting will be forwarded to Oyo State Governor Seyi Makinde, who will schedule a date to present the staff of office to the new Olubadan.

He explained, “The late Olubadan, Oba Owolabi Olakulehin, will be buried this week, so a ceremony this week is not feasible. Governor Makinde may decide to set the presentation for three weeks, two weeks, or one week from now.”

Oba Olakulehin passed away at the age of 90 on July 7.

Continue Reading

News

Tinubu Asks Content Creators To Use Their Influence To Promote Unity

Published

on

President Bola Tinubu
President Bola Ahmed Tinubu
Share

President Bola Ahmed Tinubu has urged young Nigerians involved in digital media to leverage their platforms as tools for national progress during his address on Friday.

He encouraged them to establish businesses that create job opportunities, produce content promoting unifying values, and act as positive catalysts for societal development. He emphasised the importance of verifying information before sharing it.

At the opening of the Progressives Digital Media Summit, themed “Unveiling the Critical Role of New Media in National Development,” President Tinubu stated:

“Your generation has recognised this moment. You are utilising digital tools to innovate, educate, and demand accountability. However, as your influence increases, so must our collective sense of purpose and responsibility.

“I urge you to continue using digital platforms to advance our nation. Build businesses that create jobs. Produce content that uplifts and unites. Use your influence to promote unity, not division.”

He praised the creativity and resilience of Nigeria’s youth, noting that digital media serves as a driving force for economic and social transformation.

“It is no longer merely an accessory to life,” he added. “From developing innovative platforms to establishing vibrant online communities, you are demonstrating the determination that is redefining what is possible for this country.

“You are not waiting for the future; you are building it. Digital media is now a central driver of economic growth, civic engagement, and social change, broadening representation for those previously unheard.”

The President affirmed that his administration is committed to supporting digital innovation through the National Digital Innovation Fund and policies that foster a thriving startup ecosystem. However, he cautioned practitioners to remain vigilant against disinformation and cyber threats.

Femi Gbajabiamila, Chief of Staff to the President, acknowledged digital media practitioners for consistently advocating for Nigeria and positively representing the nation on the global stage:

“You are the vanguard of a reborn Nigeria, determined to reach for the stars. Under President Tinubu’s leadership, our nation has begun its long-overdue journey toward greatness. The road may be challenging, but it is necessary,” he stated.

In a goodwill message, Bayo Onanuga, Special Adviser to the President on Information and Strategy, highlighted the significance of the Summit. He noted that lessons from recent elections in countries like the U.S. and Germany illustrate how digital media have become crucial battlegrounds—not just for entertainment—but for shaping electoral outcomes.

“However, social media is not a fair battleground. As a public square, it is often chaotic and unregulated. Users frequently ignore the rules. Divisive content is rampant, and deepfakes and AI-generated material are increasingly used against political opponents. Posts are driven by clicks, not truth or accuracy. Misinformation spreads five times faster than official corrections,” Onanuga observed.

He expressed optimism that the Summit would address these challenges, focusing on strategies to combat fake news and misinformation.

Segun Dada, the summit convener and Special Assistant to the President on New Media, emphasised that in less than a decade, digital media has evolved from a tool for personal communication into a powerful engine for communication, innovation, and influence.

He stressed the importance of harnessing this force for the benefit of Nigeria while managing inherent risks, such as privacy concerns and threats to social cohesion.

Continue Reading

News

FG Approves Road And Bridge Projects Nationwide Worth N2.38 Trillion.

Published

on

Minister of Works, Dave Umahi
Share

The Federal Government has given the green light to a series of impressive road and bridge projects across the nation, totalling an investment of N2.38 trillion!

This exciting development comes with a promise to unveil a detailed state-by-state ledger, highlighting all projects that exceed N10 billion.

Minister of Works, Dave Umahi, made a statement after Thursday’s Federal Executive Council meeting, which was presided over by President Bola Tinubu at the Aso Rock Villa in Abuja.

Umahi outlined several significant contracts, including:

– Abuja Road Section I (118 km) at N286 billion

– Abuja Road Section II (164 km) at N502 billion

– Abuja–Kano Road (72 km) at N450 billion

– Nembe Bridge at N156 billion

– Sokoto–Badagry Corridor, Section 2 to Kebbi (228 km, three lanes) at N961 billion

He also mentioned two approved adjustments: an additional N11.42 billion to complete the Lagos–Shagamu–Ijebu-Ode–Ore project and N8.94 billion for revisions in Niger State, bringing the aggregate adjustment to N2.38 billion.

Regarding cash flow, Umahi stated that the Presidency has released N75 billion for Abuja Section I, which he described as 30% of the total N286 billion; approximately N150 billion (about 30%) for Abuja Section II; N45 billion (presented as 30%) for the Abuja–Kano Road; and N46.8 billion, representing 30% of the N156 billion allocated for the Nembe Bridge. This brings the documented releases for these four items to roughly N316.8 billion.

He added that the Abuja County application project, valued at $22 billion, has also received a 30% payment in dollars. Additionally, funds have been disbursed for all four sections of the Bauchi–Gombe project, with further Sukuk disbursements to Gombe where work has already commenced.

The minister emphasised that this program will stimulate growth by connecting states, reducing logistics costs, and increasing the GDP of the states. He referenced the Lagos–Calabar Coastal Highway, stating that the first section is 85% complete and benefiting Lagos’ economy.

Umahi explained, “The Lagos-Calabar Coastal Highway, sections 4A and 4B, are in Ogun State and extend from where section one ended at Lekki, continuing into Ondo State. We have about 40 km in Ogun State and 40.35 km in Ondo State. The project has reached the border between Ondo and Edo States, totalling 80.53 kilometres, with six lanes. The overall contract sum is N1.65 trillion.

“The project involves excavating to an average depth of six meters, refilling with fresh water and sharp sand, and raising the existing ground level by five meters to prevent flooding, as it traverses swampy areas. These details are part of what the Federal Executive Council approved.”

Umahi also outlined new and revised approvals, including:

– The Biu–Numan road in Adamawa, extended from 45 km to 61.76 km

– Additional funding for the Lagos–Shagamu–Ijebu-Ode–Ore corridor

– Design changes in Niger (binder crossing and a new strand bridge)

– The award of Sokoto–Badagry Section 2 (to Kebbi) for N961 billion, with 120 km already completed in Sokoto.

He added, “Today, the FEC approved the review of projects in Borno and Adamawa. The Biu–Numan Road project was initially awarded in 2020 for 45 km at N15.43 billion and has now been revised to N61.76 billion, while maintaining the 45 km scope for the Biu–Numan Road in Borno and Adamawa.

“The second project approved was the Maraba KV Road, which spans 43.6 kilometres and is dualised.

“We also revisited the Sokoto–Badagry project. Previously, in August 2024, we awarded a contract for 258 km in Kebbi for one carriageway, amounting to N940.7 billion. Today, we awarded the second carriageway in Kebbi for 258 kilometres, three lanes, at N961 billion, along with an additional 120 kilometres for N456 billion in Sokoto.

Currently, we have completed 220 kilometres in Sokoto at approximately N920 billion. In Kebbi, the project covers 258 km, bringing the total for Kebbi to roughly N2 trillion. This construction has now been approved by the FEC,” Umahi explained. I

In response to the recent tragedy at the Keffi Flyover, Umahi expressed his condolences, confirmed that the Federal Government has settled with the affected families, and stated that reconstruction is underway, with the bridge currently closed to traffic.

Continue Reading