During an interview on Channels Television, Jacob said the crime will jeopardise the administration’s efforts in the fight against corruption.
“I passionately appeal to Mr President not to sign that legislation. It is not in our interest. It will run contrary to the fight against corruption,” he stated.
According to him, the proceeds of the Crime Bill 2019 as recently passed will cripple the anti-corruption war of the Federal Government.
He noted that the EFCC is mandated by law to tackle economic crimes through thorough investigation of accounts suspected to be gotten illegally.
“The EFCC by the nature of their own mandate are to investigate economic crimes. And most of these economic crimes are crimes committed though financial institutions and other bodies.
“They need accounts in banks to be able to properly investigate. Section 34 is the backbone of that power to do economic crime, to really go to your account, trace your money and know how false came into your account,” he stated.