By Nathaniel Zaccheaus
The Senate passed a bill meant to amend the Terrorism (Prevention) Act, 2013 yesterday.
The bill, among other provisions, criminalizes payment of ransom to kidnappers in Nigeria.
The senators’ unanimous voting in favor of the Terrorism (Prevention) Act 2013 (Amendment) Bill, 2022, followed the consideration of a report by the Committee on Judiciary, Human Rights and Legal Matters.
The report was presented by the Committee’s Chairman, Senator Opeyemi Bamidele (APC, Ekiti Central), before consideration.
Bamidele explained that the bill sought to outlaw the payment of ransom to abductors, kidnappers, and terrorist for release of any person who has been wrongfully confined, imprisoned, or kidnapped.
The Senator said, “The overall import of this bill is to discourage the rising spate of kidnapping and abduction for ransom In Nigeria, which is fast spreading across the country.”
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He added that in the memoranda presented to the Committee, plethora of issues relating to the subject matter of terrorism and terrorism financing in line with global best practices were raised.
He assured that the amendment to the Terrorism Act would set standards and regulatory system intended to prevent terrorist groups from laundering money through the banking system and other financial networks.
He said, “Having policies in place to combat financing of terrorism will surely reduce or eliminate privacy and anonymity in financial and other sundry transactions as it relates to the subject in our society.”
He also explained that the need to comprehensively review the Terrorism Prevention Act arose from the unfavourable ratings of Financial Act Task Force (FATF) recommendations of Nigeria’s Mutual Evaluation Report and consequent placement of Nigeria in FATF’S International Cooperation and Review Group Process with its impending sanctions on Nigeria’s economy.
He stated that the National Task Force on improving Nigeria’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime in Nigeria, proposed improvement on the Act in order to address the deficiencies noted in its provisions so as to align with the required standard as obtainable in other jurisdictions.
He emphasised that the proposed repeal and enactment Bill was geared towards improving the effectiveness of countermeasures against terrorism, terrorism financing and proliferation financing.
The lawmaker noted that the repeal is aimed at providing adequate framework for improved international collaboration, inter-agency cooperation and freezing of terrorist funds/assets.
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Bamidele said, “The passage of this Bill will save Nigeria from being included among countries in the Financial Action Task Force (FATF) Grey List with its attendant negative consequences, which might ultimately result to international sanctions that would affect the image of the country in the comity of nations.”
The Senate President, Ahmad Lawan, said the bill would compliment the federal government’s efforts in the fight against insecurity when signed into law by the Presient.
He said, “It is our belief here in the Senate, that this bill, by the time signed into an Act by Mr. President, will enhance the efforts of this government in the fight against terrorism, kidnapping, and other associated and related vices.
The bill was passed by the chamber after it scaled third reading on the floor.
The Senate, thereafter, adjourned plenary session till May 10, 2022, for the Sallah break.
