Bill To Establish Assets Management Agency Passes Second Reading

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A bill for an Act to establish and regulate the Nigerian Assets Management Agency has scaled second reading in the House of Representatives.

The bill hopes to establish a body that will be charged with the responsibility of managing all government assets, including those seized by federal security bodies.

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The bill sponsored by Hon. Onyereri, seeks to address the threat to the economy, by providing managerial services to law enforcement agencies in relation to property seized, which are connected with designated criminal offences.

The bill was referred to the House committee on Banking and currency, for referral.

 

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