Buhari said while signing the laws at the Council Chamber, State House, Abuja, on Thursday, that the bills were in tandem with this administration’s commitment to fight corruption and illicit financing activities, as well as critical to the governance agenda and the development of Nigeria.
“The new laws have provided enough punitive measures and containment strategies against abuses and compromises,” he said.
“We will not rest until we rid the nation of the menace of money laundering, terrorism, and other financial crimes,” he added.
According to him, the 9th National Assembly has proven to be patriotic, responsive, resourceful and industrious in its legislative assignments, recalling that on 14th January, 2022, he had sought expeditious passage of the bills.
On the importance of the legislations, the President said:
It also addresses the deficiencies identified in Nigeria’s 2nd round of Mutual Evaluation as assessed by Inter-Governmental Action Group Against Money Laundering in West Africa on compliance with the Financial Action Task Force global standards.”