Business
Bill On Property Confiscation Passes 2nd Reading
A bill to make comprehen
sive provision for the confiscation, forfeiture and management of property derived from unlawful activities passed second reading in the House of Representatives.
The bill last Thursday in Abuja, seeks to ensure that property derived from unlawful activities were properly managed.
The proposed legislation also seeks to ensure that there was a proper collation and accountability of the seized property.
It further seeks to create legal framework for coordinating agencies to effectively manage such property.
Leading debate on the general principles of the bill, Rep. Mulikat Akande-Adeola, said that the bill, if passed, would ensure property forfeited was not wasted.
According to the majority leader, the bill will further assist in the fight against corruption in the country.
She urged her colleagues to support the bill, saying it would further give additional power to investigate agencies and confiscate their property to fight corruption.
In their contributions, Rep.Nkiruka Onyejiocha Ken Chikere Nnenna Elendu-Ukeje said the issue of fighting corruption could not be over emphasised.
They said that the bill would ensure that proceeds from confiscated and forfeited property were monitored and properly accounted for.
“All the confiscated and seized property, what happened to them, what is the money used for? Rep. Sunday Adepoju asked.
Contributing, the minority whip, Rep. Samson Osagie said he supported the bill in its entirety.
The bill passed second reading as it was not opposed and the Speaker, Aminu Tambuwal, referred it to the Committee on Justice for further legislative input.
The House also passed for second reading a bill to make provision for Mutual Assistance in Criminal Matters between Nigeria and foreign States.
The bill was sponsored by the Rep. Akande- Adeola
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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