The Nigerian Financial Intelligence Agency Bill, which seeks to strip the Economic Financial Crimes Commission, EFCC, of control over the existing Nigerian Financial Intelligence Unit, NFIU, on Tuesday passed second reading on the floor of the Senate.
The bill to remove that control was passed for second reading and referred to the committee on anti-corruption and financial crimes for further action on Tuesday, the first legislative day after it was initiated for first reading last Thursday.
Speaking on the floor of the senate on Tuesday, the Chairman, Senate Committee on Anti-Corruption, Chukwuka Utazi, who sponsored the bill, said the legislation will give powers to the agency to analyse information and transmit same to the relevant law enforcement agencies in cases of crime or terrorism.
He said the bill seeks “Powers to undertake analysis, this includes the power to analyse information to ensure that where crime is committed including terrorism, information can be transmitted to the relevant law enforcement agencies like EFCC, ICPC, NSCDC etc.
“It ensures power of operational independence that the budgetary allocation to the agency shall be in the first line charge of the federal government.
“Consequential amendments that should be passed to the Economic and Financial Crimes Commission is amended by deleting section 12 (c) section C 4 and 6 of the act amongst others.”
After the reading, the bill was referred to a committee which was asked to submit its report tomorrow, Wednesday.
The Nigerian Financial Intelligence Agency Bill, which seeks to strip the Economic Financial Crimes Commission, EFCC, of control over the existing Nigerian Financial Intelligence Unit, NFIU, on Tuesday passed second reading on the floor of the Senate.
The bill to remove that control was passed for second reading and referred to the committee on anti-corruption and financial crimes for further action on Tuesday, the first legislative day after it was initiated for first reading last Thursday.
Speaking on the floor of the senate on Tuesday, the Chairman, Senate Committee on Anti-Corruption, Chukwuka Utazi, who sponsored the bill, said the legislation will give powers to the agency to analyse information and transmit same to the relevant law enforcement agencies in cases of crime or terrorism.
He said the bill seeks “Powers to undertake analysis, this includes the power to analyse information to ensure that where crime is committed including terrorism, information can be transmitted to the relevant law enforcement agencies like EFCC, ICPC, NSCDC etc.
“It ensures power of operational independence that the budgetary allocation to the agency shall be in the first line charge of the federal government.
“Consequential amendments that should be passed to the Economic and Financial Crimes Commission is amended by deleting section 12 (c) section C 4 and 6 of the act amongst others.”
After the reading, the bill was referred to a committee which was asked to submit its report tomorrow, Wednesday.