President Muhammadu Buhari has given assent to some major
bills.
The bills are as follows: Electoral Act (Amendment) Bill,
2022; Money Laundering (Prevention and Prohibition) Bill, 2022, repealing the
Money Laundering (Prohibition) Act, 2011 as amended; Terrorism (Prevention and
Prohibition) Bill, 2022, which repeals the Terrorism (Prevention) Act, 2011 as
amended in 2013;
Deep Offshore and Inland Basin Production Sharing Contracts
Act, 1993 (Amendment) Act, 2019, for increased revenue; Asset Management
Corporation of Nigeria (AMCON) Amendment Acts of 2019 and 2021; Proceeds of
Crime (Recovery and Management) Bill, 2022, which approves the seizure,
confiscation and forfeiture of properties derived from unlawful activity;
Federal Competition and Consumer Protection Commission
(FCCPC) Bill, the first legislation focused on curbing anti-competition
practices, establishing the FCCPC; Nigeria Center for Disease Control (NCDC)
Establishment Act, 2018; The Plant Variety Protection (PVP) Act 2021;
Mutual Assistance in Criminal Matters Bill, 2019. The Bill
facilitates the identification, tracing, freezing, restraining, recovery,
forfeiture and confiscation of proceeds, property, and other instrumentalities
of crime as well as the prosecution of offenders in criminal cases regardless
of where in the world they might be;
The President also signed an Act establishing the Police
Trust Fund, which will improve funding for the Nigeria Police Force (2019). −
Nigeria Police Act, 2020 – the first comprehensive reform of Police legislation
since the Police Act of 1943;
Repeal and Re-Enactment of the Companies & Allied
Matters Act (CAMA), 2020, the first comprehensive reform since 1990; Not Too
Young to Run Bill (2018), a Constitution Amendment Bill to reduce the age of
eligibility for running for elective office in Nigeria;
Nigerian Correctional Services Bill, 2019, the first
comprehensive reform of prison legislation in close to five decades;
Suppression of Piracy and other Maritime Offences Bill, 2019 – the first
anti-piracy legislation in West Africa.
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