The National Assembly has transmitted the Proceeds of Crime Bill (POCA) to President Muhammadu Buhari for assent.
The bill, which was transmitted on Monday, is considered as one of the key legal instruments in the fight against corruption.
The Chairman of the House of Representatives Committee on Financial Crimes, Kayode Oladele, confirmed this in an interview with journalists in Abuja.
He said the Proceeds of Crime Bill, 2017 was a 12-part legislation which would make provisions for the confiscation, forfeiture and management of property derived from unlawful activities.
He said it would be a landmark in the effort to stem the tide of corruption in the country when the President assented the bill.
On January 18, 2017, the House referred the bill to the Committee of the Whole for consideration, pursuant to Order XII Rule 16 of the House of Representatives Standing Orders.
Global Sentinel reports that key stakeholders in the Anti-Corruption war met on May, 14 to fast track the process of transmitting five bills including the POCA Bill to president Muhammadu Buhari for assent before June 11, 2019, which marks the end of the 8th National Assembly.
The stakeholders drawn from the National Assembly, Federal Ministry of Justice (FMJ) and the Administration of Criminal Justice Committee (ACJMC), held a three-day and two separate technical workshops in Abuja.
Speaking at the workshop which was organised by the FMJ in collaboration with Rule of Law and Anti-Corruption Programme (RoLAC)-British Council and funded by European Union (EU),
The Director, Legal Drafting in the National Assembly, Alh. Mohammed Hassan, during the workshop expressed optimism that the president will grant assent to the Bill saying it will aid the administration’s war against corruption.