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Nairaland Forum / Nairaland / General / Politics / Buhari’s Anti-money Laundering Bill (20168 Views)
Nigeria’s New Money Laundering Bill Will Weaken Anti-corruption Fight — Falana / Pass Money Laundering Bill, Buhari Tells NASS / New Money Laundering Bill: 7-year Prison Term Without Option Of Fine Awaits Offe (2) (3) (4)
Re: Buhari’s Anti-money Laundering Bill by keypad1: 8:29pm On Feb 18, 2016 |
Ggg |
Re: Buhari’s Anti-money Laundering Bill by gigabyte13: 8:30pm On Feb 18, 2016 |
I love that part " without an option of a fine " chai yam eaters are in serious gbege. Baba giving looters and their supporters sleepless night daily. |
Re: Buhari’s Anti-money Laundering Bill by abbey621(m): 8:30pm On Feb 18, 2016 |
This is a welcomed start, more bills like this and corruption would be gasping air in bid to survive......#UpNigeria |
Re: Buhari’s Anti-money Laundering Bill by efilefun(m): 8:39pm On Feb 18, 2016 |
Caseless:Patiently waiting on our Twitter senatorial district head to say something about this bill, maybe he could champion it or trash it/ remain siddon look in the house |
Re: Buhari’s Anti-money Laundering Bill by 3rdlegxxx(m): 8:40pm On Feb 18, 2016 |
patrickmuf: PATRICK YOU ARE THE MAN, YOU HIT THE NAIL ON THE HEAD, LET'S SUPPORT AND ALSO MAKE THE NASS UNCOMFORTABLE, THOSE GUYS ARE BIG TIME CRIMINALS, THEY WOUDN'T WANT THIS BILL PASSED IN TIME, LET'S BEGIN TO LEND OUR VOICES AGAINST THE FIGHT AGAINST CORRUPTION BOTH ONLINE AND OFFLINE. |
Re: Buhari’s Anti-money Laundering Bill by kuuljay(m): 8:44pm On Feb 18, 2016 |
PeinDanzo:give him a superior argument instead to prove you are properly educated bro |
Re: Buhari’s Anti-money Laundering Bill by Caseless: 8:44pm On Feb 18, 2016 |
efilefun:maybe, his attention should be called to this on twitter since that's his constituency. |
Re: Buhari’s Anti-money Laundering Bill by porozhniy(m): 8:50pm On Feb 18, 2016 |
A step in the right direction. How do we prevent govt. at all levels from padding contracts and awarding same contracts to themselves using phony companies? |
Re: Buhari’s Anti-money Laundering Bill by dokunbam(m): 8:53pm On Feb 18, 2016 |
We still get hope bro. Always wishing the best for my country We can do little from here We will continue to wish, hope and pray for a better Nigeria Good bless the Federal republic of Nigeria More wisdom to the President |
Re: Buhari’s Anti-money Laundering Bill by Nobody: 8:54pm On Feb 18, 2016 |
nice step in d right direction |
Re: Buhari’s Anti-money Laundering Bill by austinvsb1(m): 8:56pm On Feb 18, 2016 |
I hope Ben Murray Bruce will be active enough to give this bill it's necessary twitter publicity.. |
Re: Buhari’s Anti-money Laundering Bill by emorse(m): 9:04pm On Feb 18, 2016 |
The twitter pros(I'm not very twitter savvy) should please start the hash tag. I'm eager to post it anywhere "postable". Besides, I think this should be called "our" anti money laundering bill. |
Re: Buhari’s Anti-money Laundering Bill by Elosky20: 9:06pm On Feb 18, 2016 |
PeinDanzo:Recieve sense IJN |
Re: Buhari’s Anti-money Laundering Bill by sonofthunder: 9:06pm On Feb 18, 2016 |
7years? was expecting 20 - 30years jail term |
Re: Buhari’s Anti-money Laundering Bill by emzila(m): 9:11pm On Feb 18, 2016 |
k |
Re: Buhari’s Anti-money Laundering Bill by emzila(m): 9:15pm On Feb 18, 2016 |
I love the no fine option part of the bill |
Re: Buhari’s Anti-money Laundering Bill by chincent: 9:20pm On Feb 18, 2016 |
Baba no too try for the jail term, to me is too small. If someone that is found guilty of Homosexual will be jail for 14 years, and someone that launderd public money will only get 7 years, that is real injustice. Jail term for any body that launderd publc money suppose to be 25 years in prison without any fine or option. Is like Baba him self is afraid.. |
Re: Buhari’s Anti-money Laundering Bill by PeinDanzo(m): 9:23pm On Feb 18, 2016 |
Elosky20: Concession accepted |
Re: Buhari’s Anti-money Laundering Bill by PeinDanzo(m): 9:25pm On Feb 18, 2016 |
kuuljay: Emm ..must I remided u u have a waec to prepared for? |
Re: Buhari’s Anti-money Laundering Bill by johhnnie(m): 9:29pm On Feb 18, 2016 |
Iroh88:if the punitive measure is too harsh, it will give room for corrupt judge to negotiate with or be induced by defaulters . I think it was crafted to elicit convictions and such convicts, will have a field day in the court of the public opinion whose awareness via means such as the social media is ever increasing by the day |
Re: Buhari’s Anti-money Laundering Bill by Nobody: 9:35pm On Feb 18, 2016 |
Topeakintola:these are bills thieves in the house would never pass..except the likes of ben Murray bruce... |
Re: Buhari’s Anti-money Laundering Bill by Nobody: 9:42pm On Feb 18, 2016 |
Re: Buhari’s Anti-money Laundering Bill by sonnie10: 9:44pm On Feb 18, 2016 |
Re: Buhari’s Anti-money Laundering Bill by musicwriter(m): 9:45pm On Feb 18, 2016 |
Caseless: There's no need for any money laundering control unit, cause we already have the Nigeria Financial Intelligence Unit which I believe is under the EFCC. What the president is proposing is exactly their job!. In this country the problem hasn't always been making new laws but enforcing it. Nigerian elites and ruling class does not obey the law. That's a major problem for this country. About Nigeria Financial Intelligence Unit, details at: http://www.nfiu.gov.ng/index.php/nfiu
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Re: Buhari’s Anti-money Laundering Bill by sonnie10: 9:47pm On Feb 18, 2016 |
sonnie10: In essence, the banks can launder #500M since it is free money that they did not work for, then they pay the #25M fine. Still a win win situation for the banks and their cronies. |
Re: Buhari’s Anti-money Laundering Bill by eph12(m): 9:52pm On Feb 18, 2016 |
Endorsed! |
Re: Buhari’s Anti-money Laundering Bill by Mackson01: 9:59pm On Feb 18, 2016 |
Good one |
Re: Buhari’s Anti-money Laundering Bill by plaetton: 10:21pm On Feb 18, 2016 |
Can someone please define money laundering for me , so I can figure out why we are so gung ho about outlawing it. The reason I say that is that nations like like Britain have long served as the money laundering capital of the world. In fact, the economy depends on float of unregulated funds in the economy. In the USA, there are estimates of $800 billion dollars in informal funds floating within the economy at any given time. If you consider that $770 billion were used to bail out the USconomy in 2008, then |
Re: Buhari’s Anti-money Laundering Bill by Nobody: 10:22pm On Feb 18, 2016 |
Death penalty for any case of corruption won't be bad o, na once corruption go vanish. |
Re: Buhari’s Anti-money Laundering Bill by Trendishine: 10:23pm On Feb 18, 2016 |
#NASSPASSTHEANTIMONEYLAUNDERINGBILLNOW |
Re: Buhari’s Anti-money Laundering Bill by habsydiamond(m): 10:24pm On Feb 18, 2016 |
This is what we are talking about. Even if implemented it may not be used. We ve had about some here passed bills in the past but ended up not observed. If the bill can be observed, nigeria will be free of corruption. Its time to lift this country back to where our forefather stopped the good work. And lift nigeria from ants of africa back to the giants of africa. Naija shall survive. |
Re: Buhari’s Anti-money Laundering Bill by plaetton: 10:29pm On Feb 18, 2016 |
Can someone please define money laundering for me , so I can figure out why we are so gung ho about outlawing it. The reason I say that is that nations like like Britain have long served as the money laundering capital of the world. In fact, the economy depends on float of unregulated funds in the economy. In the USA, there are estimates of $800 billion dollars in informal funds floating within the economy at any given time. If you consider that $770 billion were used to bail out the US economy back in 2008, then you immediately recognize the economic importance of $800 billion float of laundered funds within the economy. Despite their lipservice to anti-money laundering, the US Treasury recognizes the economic importance of the $800 billion float of laundered money in the economy. Now, African leaders, more Catholic than the Pope, never seem to a common sense approach towards dealing with their own peculiar problems. My point is that too many bureaucratic restrictions on the free flow of money and capital would tend to choke and strangle our already comatose, non- productive economy. 1 Like |
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