Latest
Breaking: Senate passes Bill to establish agency for managing recovered criminal assets
The Senate has passed the Proceeds of Crime Act (Amendment) Bill, 2026, paving the way for the establishment of an independent agency to manage assets and proceeds recovered from criminal activities across the country.
The bill, sponsored by Idiat Adebule, was passed on Thursday after lawmakers considered and adopted the report of the Senate Committee on Judiciary, Human Rights and Legal Matters.
READ ALSO: Senate denies inserting budget for fake presidential agency, says matter before Court
The proposed legislation seeks to create a dedicated agency responsible for the management, preservation and disposal of assets forfeited through criminal investigations and court orders.
Supporters of the bill say the new agency is expected to strengthen transparency, accountability and efficiency in the administration of recovered assets, while ensuring that proceeds of crime are properly managed in accordance with the law.
The bill will now proceed to the next stage of the legislative process before it can become law.
-
Sports3 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest6 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Football5 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Business3 days agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Latest4 days agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government
-
Latest3 days agoNDC Chieftain tells Atiku to drop presidential ambition over son’s support for Tinubu
-
Latest3 days agoINEC recognises Pantami for Gombe, keeps Kano NDC candidate off final list
-
Latest3 days agoFG Announces N50,000 cash support for vulnerable Nigerians under new relief programme