Monday 30th May 2016

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Senate Wades into AGF, EFCC Clash over New Money Laundering Bill Omololu Ogunmade in Abuja The Senate is currently battling to resolve the sharp disagreement between the Attorney General of the Federation (AGF) and Minister of Justice, Mallam

Abubakar Malami, and the Economic and Financial Crimes Commission (EFCC) over the Money Laundering Prohibition (Amendment) Bill sent to the National Assembly in January by President Muhammadu Buhari.

Tagged an 'Act to Repeal the Money Laundering (Prevention and Prohibition) Act to Provide for Measures for the Prevention and Prohibition of Money Laundering in Nigeria and for Other Related Matters 2016', Buhari had sent the bill

to the National Assembly in January 27 in order to repeal the Money Laundering (Prohibition) Act 2011. The bill, among others, provides for the revocation of the licence of any bank which fails to report cases of money

laundering. It also provides jail terms for citizens who are aware of money laundering acts but fail to report such cases to the appropriate authorities. But the EFCC has vehemently opposed the passage of the bill by the

National Assembly and has advised the federal legislature to jettison it in favour of the Money Laundering (Prohibition) Act, 2011, currently in force. Continued on page 10

Half-year in Office: Tomorrow Watch out for the Ministerial Dashboard Monday 30 May, 2016 Vol 21. No 7704. Price: N250

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Citing Legal Reasons, FG Backtracks on Unveiling Looters of Public Funds Says details of stolen assets to be released before end of this week Tobi Soniyi and Senator Iroegbu in Abuja Following the disappointment expressed by many Nigerians over President Muhammadu Buhari’s failure to make public the details of the monies recovered from alleged looters of public funds, their

identities, and the efforts to prosecute them, the Minister of Information and Culture, Alhaji Lai Mohammed, has explained that the names of those who purportedly stole public funds could not be divulged for legal reasons. Continued on page 11

Military Averts Attack on Agip Pipeline, Arrests 10 Militants

FG meets ex-militants, agreement reached to end bombings of oil facilities Senator Iroegbu in Abuja, Adibe Emenyonu in Benin and Sylvester Idowu in Warri The Nigerian Army said yesterday that it successfully averted planned attacks by

militants on oil pipelines in some parts of the Niger Delta. A statement by the army spokesman, Col. Sani Kukasheka Usman, said troops Continued on page 10

Stanbic IBTC Leads as CBN Dollar CELEBRATING THE NATION’S DEMOCRACY State Governor, Alhaji Aminu Waziri Tambuwal (in a patterned cap, centre) and officials of his administration, Sales Drop to $133m… Page 10 Sokoto when they celebrated the 2016 Democracy Day with school children in Sokoto… yesterday


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