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Tuesday, 31 May 2016

NIGERIA - BUHARI APPEALS FOR QUICK PASSAGE OF MONEY LAUNDERING BILLS



President Muhammadu Buhari on Monday night urged the National Assembly to speedily consider and pass five bills presently before it.
He listed the bills to include the Money Laundering (Prevention and Prohibition) bill, Federal Capital Territory (FCT) Appropriation bill, Mutual Legal Assistant in Criminal Matters bill, Statutory Budget of the Niger Delta Development Commission (NDDC) and bill for Acts for domestication of agreements for avoidance of double taxation between Nigeria and South Korea, Spain, and Sweden respectively.

The President made the appeal in his address at the Presidential Dinner in honour of National Assembly members at the old Banquet Hall of the State House, Abuja.
He specifically noted that the FCT and NDDC cannot execute their statutory mandates unless their budgets are approved by the National Assembly.
Buhari thanked the lawmakers for their painstaking efforts that saw to the passage of the 2016 Budget.
“It is on record that this is one rare occasion where the Appropriation Act was assented to with the schedule in details,” the President said.
He said the dinner was held first to mark 2016 Democracy Day and to further appreciate the National Assembly leadership, membership and management for the great work they have done.
He restated the administration’s readiness to observe the principles of separation of powers.
He added: “Thus far, we in the executives have restricted ourselves to our constitutional roles.”
While promising that the executive will not interfere with the function of the legislature and the judiciary, President Buhari urged the lawmakers to also operate within the confines of their constitutional roles.


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