The Senate has passed for a second reading, a bill that seeks to allow the Federal Government to seize assets acquired by corrupt public officials, financiers of terrorism, among others.
The law is titled, ‘A Bill for Legislation to Create Comprehensive Provisions For Foreclosure, Foreclosure, Appropriation, and Management of Property Reasonably Suspected of Originating From Unlawful Activities.’
Sponsor of the bill, Senator Suleiman Kwari, in his main debate, said the proposal passed first reading on March 16, 2021, and was also listed among the version of the bill contained in a recent communication from the President, Major General Muhammadu Buhari (retd.), to the National Assembly.
“In supporting this bill, Mr. President, I hold the view that the people who have acquired their properties legally and with good funds have no cause to fear,”
Senator Stella Oduah, who is under the radar of the Economic and Financial Crimes Commission, however, kicked against the bill.
Oduah said, “For very brilliant senators such as us, we cannot be seen to pass a bill which we haven’t thought through and that is not in line with best global practice. We shouldn’t play ostrich with this bill. We are going to create a situation where conflict of interest within establishments will continue to exist.
Subjectivity in handling issues will be the subject of the day, and innocent Nigerians will be made to be victims of this law, and laws are not supposed to be like that.
SKJ 
NewsGlobal Reporters