Though the body said it is willing to fight terrorism and money laundering, it contended that such effort should not compromise the independence of the Bar. Speaking at their just concluded 53rd Annual General Conference, which held in Calabar, Cross River State, NBA President, Oke Wali (SAN), said the association went to court because, while it does not support money laundering, lawyers would not be blackmailed into submitting to external control. He insisted: “We will not succumb to being regulated from the outside.”
By the policy, every lawyer is expected to report transactions above $1, 000 to the Special Control Unit Against Money Laundering (SCUML) at the EFCC, in line with the Money Laundering Prohibition Act, 2011 and Terrorism Prevention Act, 2011. Section 5 of the Anti-Money Laundering Law states that if a lawyer defaults in reporting his or her financial transactions, the CBN governor is mandated to withdraw his or her license.
“The law is saying what we as lawyers cannot accept,” Wali added. “I cannot understand how the CBN governor will withdraw my license from outside the Bar. It is even also in conflict with our laws on solicitor-client relationship.”




