The Senate on Wednesday passed a bill for second reading that seeks to seize and properly manage property acquired through illegal means.
The bill passed second reading after Suileman Abdu Kwari (Kaduna, APC), sponsor of the bill, led a debate on it.
He said the bill, if passed and assented to, would enhance the operations of the law enforcement agencies that are empowered to seize and manage such assets.
Kwari said his bill will be harmonised with the proceeds of crime bill which is already before the National Assembly.
Kwari said, “When we pass this bill, agencies will be drawing from this because there will be cross references to their laws.
“What we are trying to do is, we have before us a proceeds of crime bill and we also are introducing this (seizure, confiscation and forfeiture) so that at the committee level, we will be able to harmonise these two bills.”
Smart Adeyemi (Kogi, APC) said any citizen that has acquired their property in a legitimate way should not have cause to worry.
“I hold the view that people who have acquired their property legally and with good funds have no cause to fear,” Adeyemi said.
“Now that our economy is bleeding, we must look at how some people have acquired their properties.
“Those who have acquired their properties through questionable means should be ready to forfeit them. If people have properties they cannot account for, the government should go after them.”
In his remarks, Senate President Ahmad Lawan said the legislation is needed to sanitise the country’s system.
