Senate passes bill on money laundering

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Dr. Abubakar Bukola Saraki, Nigeria's President of the Senate

Nigerian Senate has passed into law a bill aimed at cracking down on money laundering. The lawmakers urged foreign countries where financial crooks are hiding to cooperate in prosecuting them.

According to the bill, Nigeria may ask any country where a money launderer is hiding to help it prosecute the offender, or prosecute that person itself.

“This act will facilitate the needed cooperation with other states to prevent individuals from escaping prosecution by fleeing to another country,” said Senate President, Bukola Saraki.

The bill was originally presented by President Muhammadu Buhari, who was elected in May 2015 after vowing to fight corruption.

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