List & Full Details :5 Powerful Laws President Buhari Will Use In Fighting Corruption in Nigeria

President Buhari will use five proposed laws as his weapon in the fight against corruption.Presidency sources disclosed that a committee of legends in law, led by the vice president, Prof. Yemi Osinbajo identified the five bills which have been passed on to the President for further scrutiny , Vanguard reports.

The bills which may become law for the anti-corruption fight include:



Office of the Financial Ombudsman Bill 2015: This bill seeks to establish the Office of the Nigerian Financial Ombudsman, as an independent body charged with the responsibility of resolving financial and related disputes in the Nigerian financial services sector.The establishment of the Office of the Financial Ombudsman is also expected to lead to efficiency in dispute resolution in the financial services sector.

National Convicts and Criminal Records Bill 2015: This aims to among others ensure a proper documentation of convicts and criminals for the purpose of keeping a record of criminals in the country.

Electronics Transactions Bill 2015 : Provides the legal framework for electronic transactions in the country. The bill especially becomes relevant for security agencies in the wake of increasing transition of the country from a cash-based economy towards a cashless economy facilitated by electronic channels. It is expected to facilitate e-government services and promote transparency in the transaction of government businesses, including procurement and sales of goods and services.

Whistle Blower Protection Bill 2015: Seeks to provide for the manner in which individuals may, in the public interest, disclose information that relates to unlawful or other illegal conduct or corrupt practices of others; to provide for the protection against victimisation of persons who make these disclosures.The bill defines the nature of an impropriety that qualifies for disclosure, the procedure for disclosure and the protection that would be given a whistleblower by government agencies.
It aims to give some measure of protection to individuals who give out information on alleged malfeasances in government to security agencies.


Nigerian International Financial Centre Bill 2015: This aims to produce three separate agencies, namely, the Nigeria International Financial Centre Authority (administrative body); Nigeria Internal Financial Centre Regulatory Authority and the Nigeria International Financial Centre Judicial Authority.The effect of the three agencies would be to position properly the country at the centre of global finance and as such attract international finance into the economy.