Nigeria, Oct. 29 -- In a bid to strengthen nation's anti-corruption framework and improve asset recovery processes, the House of Representatives on Wednesday passed a bill seeking to amend the Money Laundering (Prevention and Prohibition) Act, 2022 for second reading

The bill, sponsored by Hon. Yusuf Gagdi (Kanke/Pankshin/Kanam Federal Constituency, Plateau State), aims to modernize the nation's anti-graft laws in response to the evolving complexity of financial crimes.

Gagdi, while leading debate on the bill, described money laundering and illicit financial flows as major governance challenges, saying despite existing laws, large volumes of illegal funds continue to circulate through Nigeria's financial and property sectors using sophi...