19.1 C
Monday, October 3, 2022

CBN kicks against new anti-money laundering law

The Central Bank of Nigeria on Thursday kicked against plans by the Senate to enact a new anti-money laundering law.

The apex bank put forward this position during a public hearing by a Senate Joint Committee – anti-corruption, financial crimes, judiciary and human rights – on three different anti-corruption bills.

Join any of these WhatsApp Groups to receive Prompt News Update on WhatsApp

The bills include the Money Laundering (Prevention and Prohibition) 2021, Public Complaints Commission (Repeal and Re-Enanctment) bill 2022 and Proceeds of Crimes (Recovery and Management) Bill 2021.

In his submission on the legislative proposals, the CBN Governor, Mr Godwin Emefiele, who was represented by a CBN Director, said an amendment of the existing Money Laundering (Prevention) Act 2011 will better serve the interest of Nigerians than a repeal and re-enactment.

Contact us: intelregion.com@gmail.com | WhatsApp: 07041591544

📡Our Social Media Channels:


- Advertisement -