March 20, 2019

Buhari signs executive order on suspicious assets (SUN)

Buhari signs executive order on suspicious assets (SUN)

President Muhammadu Buhari, yesterday, signed an Executive Order No. 6 of 2018 on the Preservation of Assets Connected with Serious Corruption and other relevant offences. The Executive Order No. 6 of 2018 is to restrict dealings in suspicious assets subject to investigation or inquiry bordering on corruption in order to preserve such assets from dissipation, and to deprive alleged criminals of the proceeds of their illicit activities which can otherwise be employed to allure, pervert and/or intimidate the investigative and judicial processes or for acts of terrorism, financing of terrorism, kidnapping, sponsorship of ethnic or religious violence, economic sabotage and cases of economic and financial crimes, including acts contributing to the economic adversity of the Federal Republic of Nigeria and against the overall interest of justice and the welfare of the Nigerian state. Read more

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