The Senate today passed a bill seeking to establish an independent agency to recover, preserve, manage and dispose of assets linked to unlawful activities
This is a move lawmakers said would strengthen Nigeria’s anti-corruption framework and improve accountability in the management of recovered properties.
The upper chamber also passed the Legal Practitioners Act (Repeal and Re-enactment) Bill, 2026, after considering and adopting the reports of the Senate Committee on Judiciary, Human Rights and Legal Matters.
The two bills—the Legal Practitioners Act (Repeal and Re-enactment) Bill, 2026 (SB. 965) and the Proceeds of Crime Act (Amendment) Bill, 2026 (SB. 343)—scaled third reading during Thursday’s plenary after lawmakers considered the committee’s recommendations.
Presenting the reports, Chairman of the committee, Senator Adeniyi Adegbonmire, said the Legal Practitioners Bill seeks to repeal the existing Legal Practitioners Act, Cap. L11, Laws of the Federation of Nigeria, 2004, and replace it with a modern legal framework to strengthen the regulation of the legal profession.
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