Friday, June 17, 2016

Anti-corruption fight will be weakened by FG’s new money laundering bill – Falana

Human Rights lawyer, Mr. Femi Falana SAN believes that Federal Government’s attempt to amend the money laundering law would weaken the ongoing anti-corruption crusade.
He stated this at a workshop on ‘the Roles of Professionals in the Fight against Corruption’, organized in Abuja by the Presidential Advisory Committee Against Corruption.

Falana explained that there have been “serious objections” to certain provisions of the proposed bill.

“Instead of addressing the challenges encountered in dealing with the menace of money laundering, the federal government has submitted the Money Laundering (Prevention and Prohibition) Bill, 2016.

“In view of the serious objections to certain provisions of the proposed Bill by the EFCC, the National Assembly is urged to conduct a public hearing with a view to ensuring that the limited success recorded in the fight against money laundering is not sacrificed on account of expediency,” he said.

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