The Senate has passed a bill seeking the establishment of an independent agency responsible for the recovery, protection, administration and disposal of assets linked to illegal activities.
The legislation, according to lawmakers, is designed to strengthen Nigeria’s anti-corruption efforts and promote transparency in the handling of recovered properties.
The upper chamber also approved the Legal Practitioners Act (Repeal and Re-enactment) Bill, 2026, after reviewing and adopting the recommendations of the Senate Committee on Judiciary, Human Rights and Legal Matters.
Both bills, the Legal Practitioners Act (Repeal and Re-enactment) Bill, 2026 (SB. 965) and the Proceeds of Crime Act (Amendment) Bill, 2026 (SB. 343) passed the third reading stage during Thursday’s plenary session.
Presenting the committee’s reports, its chairman, Senator Adeniyi Adegbonmire, explained that the Legal Practitioners Bill seeks to repeal the existing Legal Practitioners Act, Cap. L11, Laws of the Federation of Nigeria, 2004, and introduce a new legal framework for regulating the profession.
He said the proposed law would improve professional standards and create a regulatory structure that meets present-day demands.
He said, “The Senate Committee on Judiciary, Human Rights and legal matters recommends that the Senate do consider and pass the bill for an Act to repeal the Legal Practitioners Act Cap. L11, Laws of the Federation of Nigeria, 2004, and enact the Legal Practitioners Act, 2025, to provide for the regulation of the legal profession in Nigeria and for related matters, subject to the observations, findings and amendments set out in this report.”
Adegbonmire added that the committee
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