Nigerian Senate Rescinds Proceeds of Crime Bill Passage

On July 9, 2026, the Nigerian Senate rescinded its earlier decision to pass the Proceeds of Crime Amendment Bill, citing the need for further scrutiny to address substantial legal and policy issues identified in the draft. Senate Leader Opeyemi Bamidele moved the motion, emphasizing the importance of refining the bill to achieve its intended objectives and avoid unintended legal consequences.

The motion was supported by former Senate Leader Yahaya Abdullahi, who raised procedural concerns but ultimately seconded the motion, highlighting the necessity of aligning the legislation with international standards. Deputy Senate President Barau Jibrin commended the prompt action to correct legislative deficiencies.

The Senate unanimously adopted the motion, and Bamidele directed that the bill not be transmitted to the House of Representatives pending review. The session was closed to consider the matter, reinforcing the Senate's commitment to legislative integrity and responsiveness.