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Buhari Seeks Approval To Freeze Accounts Holding Proceeds of Crime

President Muhammadu Buhari has asked the House of Representatives to pass a Bill seeking to empower the Economic and Financial Crimes Commission (EFCC) to freeze accounts allegedly holding crimes proceeds.

we reports that the Bill will also give the anti-corruption agency more power to clamp down on money launderers.

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, read Buhari’s letter in plenary on Wednesday, with the instrument of legislation attached, at 11:35 am.

Recall that President Buhari had denied assenting to the same Bill in 2019, which worsened the rift between the National Assembly and the Executive.

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