Senate Rescinds Approval of Proceeds of Crime Amendment Bill over Drafting Flaws

The Senate has reversed its earlier approval of the Proceeds of Crime Act (Amendment) Bill, 2026, citing significant legal, policy, and drafting deficiencies uncovered during a post-passage review. Senate Leader Opeyemi Bamidele argued that further scrutiny is needed to align the bill with Nigeria’s constitutional provisions and international standards on asset recovery. The motion passed unanimously, with lawmakers agreeing that corrections should be made before the bill is transmitted to the House of Representatives. The amended proposal, sponsored by Senator Idiat Adebule, seeks to establish an independent agency for recovery, management, and disposal of assets believed to have been acquired through criminal activities. Supporters believe the changes will strengthen Nigeria’s anti-corruption framework by separating asset management from prosecution and enhancing transparency.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.