I personally think creating another agency for this purpose could overstretch govt purse in terms of running the bureau/agency. Otherwise, the bill in itself is laudable. Then again, the penalty could or should be much stiffer than that suggested by the bill

Iroh88:
The recommended punitive reprimand for flouting this law, if it sees the light of day, is grossly insufficient for me as a deterrent. The jail time for the offender is short and the minimum fine for the financial institutions involved is too small.

We need a lot more drastic means if we want to really discourage these folks from getting their hands soiled.

Regardless, this is really commendable from the president. Gradually but surely, we'd build institutional frameworks that make looting very unattractive for our politicians and businessmen. It was what I voted him for, it is exactly what he's doing.

Just like Obiagelli said, my loyalty to Nigeria and her president remain firmly intact. All he needs is time. If after four years he gives me sufficient reasons to think otherwise, they so shall it be.


God bless Nigeria.

I agree. The penalty for culpable financial institutions could be increased to N100 million per transaction. But I disagree with the notion that yet another law enforcement agency needs to be created to fight money laundering.

The laws that were passed in 2012 and 2012 could be amended to, instead, place the anti-money laundering bureau inside the EFCC.

Moreover, I still believe that the EFCC and ICPC should be merged. Both agencies are essentially duplicating each other's work.

chriskosherbal:
It's a good one

Yeah but remember no Nigerian will be in politics if opportunity to embezzle does not exist.

Guys it seems u didn't get the content of the bill well.not less than seven years means it could be seven years and above but cannot be less.a and in the aspect of fine against banks that launders money,the fine could be 25m and above but cannot be lesser than that.I think we are getting it right nw.we just pray d stinkingly corrupt nass passes it into law

AngryNigerian:
Buu-buu's face though...

The hard face corps

buhari, magu, buratai, Ali.

In chamillionaire's voice "Now you're in trouble , here come the hard face corps."

The likes of firefire paid agents are the problem of Nigeria, you can never see them on this kinda thread. The rejoice for any thread like= Bokoharam strike in Borno e.t.c Shameless people.

Ojukwufrank:
The likes of firefire paid agents are the problem of Nigeria, you can never see them on this kinda thread. The rejoice for any thread like= Bokoharam strike in Borno e.t.c Shameless people.

May Allah have mercy on your soul.

Na’uzhu-bi-Allah

Firefire:


May Allah have mercy on your soul.

Na’uzhu-bi-Allah

And may your soul rest in peace.

PeinDanzo:


Emm ..must I remided u u have a waec to prepared[b][/b] for?

did you just say waec to prepared for?

A death penalty should be included

Flexherbal:
I hope the house will pass this on time.

wid their boss deep in cct waterz, yhur guess is as gud as mine.

kuuljay:
did you just say waec to prepared for?

Ur eyez deseef u much, in futur consession accepted

EtimStephen:
I like Buhari. This is man is really determined to combat corruption in total

U knw u need to receive sense, right?

PeinDanzo:


Ur eyez deseef u much, in futur consession accepted

you are half literate, I can't even understand what you are saying,i got my first degree in 2004 think back how old you were

kuuljay:
you are half literate, I can't even understand what you are saying,i got my first degree in 2004 think back how old you were

Bro, wat u saiding? Huh? ..bro, somtin rung wit ur common senses? Bro, y ah waz teached in havad, u were sti studyied democritus atoms and aristotle logic ..y u mad bro?

Why was this bill not given accelerated hearing like the CCB? This bill has been with them since January and nothing has been heard again of it yet the CCB bill which in itself is illegal is being given accelerated hearing