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Federal Government Move to Create Agency to Handle Recovered Proceeds of Crime.

Donzicky51
2020-09-17 07:10:18

The Federal Government has resolved that Proceeds of Crime Recovery and Management Agency Bill be transmitted to the National Assembly for legislative approval.

This was disclosed by the Minister of Justice and Attorney General of the Federation, Abubakar Malami, after a Federal Executive Council meeting chaired by President Muhammadu Buhari at the Presidential Villa, in Abuja.

He noted, that the bill was meant to have a Legal and constitutional framework because in the past, proceeds recovered from corrupt practices were scattered in different and multiple agencies.

In his words:

“The Federal Ministry of Justice came up with a council memo today. The council memo is about a bill, which seeks the approval of the council to transmit to the National Assembly for passage. It is a Proceeds of Crime Recovery and Management Agency Bill.

“And the institutional component of the bill is to create an agency that will oversee the management of recovered assets that constitute the proceeds of crime in Nigeria.

“previously, the proceeds of criminal activities were scattered all over, and mostly under the control of different and multiple agencies of government, ranging from the police, Department of State Services (DSS), Economic and Financial crimes Commission (EFCC) and Independent Corrupt Practices and other related offences Commission (ICPC),” he added.

Malami suggested that the new law, when approved would move the fight against corruption to the next level of transparency, accountability and, in essence,put in place an agency of government exclusively assigned with responsibility of handling anything proceeds of crime.

Federal Executive Council also approved a new national policy on occupational safety and health, tagged ‘National Policy on Occupational Safety 2020’.

The Minister of Labour and Employment, Dr. Chris Ngige, in his statement said that the new national policy was aimed at ensuring the safety of workers at their different work places across the Nigeria.

The Labour Minister further stated that the policy was derived from provisions of the constitution and the International Labour Organisation’s (ILO) convention.

Minster of Finance, Budget and National Planning, Mrs. Zainab Ahmed while briefing news correspondents, said the country’s economy was better than expected, judging by the report released by the National Bureau of Statistics (NBS).

She also said that frantic efforts were being made by the Government to stabilize the nation's economy despite the disruption occasioned by the emergence of COVID-19 pandemic.

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Source: Donzicky51 (via Opera News )

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