Deji Elumoye
The Senate yesterday at the plenary moved against illicit funding for criminals and terrorists as it considered a bill that would disrupt the financial flow and funding of criminal enterprise and terrorist financing in Nigeria through the seizure of assets and monies marked as proceeds of crime.
The bill entitled: ‘Proceeds of Crime Bill, 2021,’ and sponsored by the Senate Leader, Senator Yahaya Abdullahi, passed second reading and was referred to relevant committee for further legislative work.
Leading debate on the bill, Senator Abdullahi said it seeks to provide for a comprehensive legal and institutional framework for the recovery and management of proceeds of crime or benefits derived from unlawful activities.
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Opposition Senator Caswell Franklyn yesterday absented himself from the first sitting of the Senate for 2021, as he complained about the timeliness of submission of information to senators pertaining to the bills set down for debate.
The outspoken Senator sent a letter to President of the Senate, Reginald Farley, indicating he would not be attending the sitting of the Upper House and “that starting today, I will no longer tolerate this abuse and disrespect from Government”.
In the letter which was circulated to the media, Franklyn explained that he received an email from the Clerk of Parliament on February 19, informing there would be a sitting of the Senate on February 24, 2021. It added that the Order Paper would be circulated in due course.
Unbanked to benefit from digital payments system
Article by February 25, 2021
Unbanked Barbadians will gain the opportunity to make transactions when a new national payment system is launched, Economic Affairs Minister Marsha Caddle has declared.
She said the thousands of people who don’t have bank or credit union accounts would not be left behind when the new digital system is rolled out.
In seeking to clarify remarks reported in
Barbados TODAY, she stressed that the draft digital payments legislation introduced in Parliament on Tuesday would indeed embrace unbanked people.
Speaking during debate on the
National Payment System Bill, she said: “There are so many things that are required for it to take effect and this issue of financial literacy is one of them. One of the things that we discovered that we’ve known for some time is this issue of people who are unbanked or under-banked. So we are busy creating a system of technological capabilities an
@ DonnaFebruary 27, 2021 3:07 PM
“Haven’t written for years now! The inspiration dried up. Besides, what you suggest has already been done. No need for me to redo it.”
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We would certainly like to get a copy of such a publication so as to compare notes with our own Pachamama and to retrain the parrots in Parliament.
Such a publication would worth more in literary value than the Dead Sea Scrolls.
Which printing house in Bim would be that risqué as to print Bajan cuss words as a project for public consumption?
For it would certainly be accused of corrupting and usurping the genteel moral air of Bajan hypocrisy; and, like the ‘in-plain-sight’ widespread Bajan poverty, should be hidden away from inquisitive eyes.
Straughn says new payment system not an IMF demand barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.