 The Senate has received the Money Laundering Bill and Terrorism Prevention Bill transmitted by President Mohamed Abouharu for consideration and quick passage. The bills were accompanied by a letter read at the start of the plenary by the Senate President Ahmad Lawan, which states that the request for the passage of both bills was pursuant to the provisions of section 58, subsection 2 of the 1999 constitution as amended. Abouharu warned that the non-passage of both bills possess a risk that may lead to the virtual blacklisting of Nigeria by the financial action task force FATF. Take a listen. Unless these deficiencies are addressed promptly by the National Assembly, in order to bring our legal regime in conformity with the financial action task force recommendations, Nigeria will face the risk of a negative public statement blacklisting the country by FATF, and this will lead to some negative consequences to our rapidly growing economy. In light of the above, the Federal Ministry of Justice reviewed the Money Laundering Prevention Bill and Terrorism Prevention Bill currently pending before the National Assembly and have come up with revised versions of the bills incorporating the resolutions to the deficiencies pointed out in the mutual evaluation report, thereby bringing Nigeria's AML-CFT legal regime in conformity with FATF recommendations. While I look forward to a usual expeditious consideration of this submission, please accept the single Senate President, the assurances of our highest consideration. You are sincerely Mohamed Ubahari.