President Muhammadu Buhari has signed several major bills, Charmingpro reports
The bills are as follows: Electoral Act (Amendment) Bill, 2022; Money Laundering (Prevention and Prohibition) Bill, 2022, which repeals 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; and Terrorism (Prevention and Prohibition) Bill, 2022, which repeal
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 authorizes the seizure, confiscation, and forfeiture of properties derived from unlawful activity; and Proceeds of Crime (Recovery and Management) Bill, 2022, which authorizes the seizure, confiscation, and
The Federal Competition and Consumer Protection Commission (FCCPC) Bill, the first legislation aimed at combating anti-competitive practices and establishing the FCCPC; the Nigeria Center for Disease Control (NCDC) Establishment Act, 2018; and the Plant Variety Protection (PVP) Act 2021.
2019 Mutual Assistance in Criminal Matters Act The Bill facilitates the identification, tracing, freezing, restraining, recovery, forfeiture, and confiscation of criminal proceeds, property, and other instruments, as well as the prosecution of criminal offenders anywhere in the world.
The President also signed legislation to create the Police Trust Fund, which will increase funding for the Nigeria Police Force (2019). Nigeria Police Act, 2020 – the first comprehensive reform of police legislation since the 1943 Police Act;
Repeal and re-enactment of the Companies and Allied Matters Act (CAMA) in 2020, the first major reform since 1990; The Not Too Young to Run Bill (2018) is a Constitutional Amendment Bill that seeks to lower the age of eligibility for running for elective office in Nigeria.
The Nigerian Correctional Services Bill, 2019, is the first major reform of prison legislation in nearly five decades. The Suppression of Piracy and Other Maritime Offenses Bill, 2019, is West Africa’s first anti-piracy legislation.