North Tongu Member of Parliament, Samuel Okudzeto Ablakwa, has announced plans to reintroduce the Protection of State Assets Bill to the 9th Parliament in a bid to curb the acquisition of state assets by politically exposed individuals and prevent 'state capture.

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'In a Facebook post on Wednesday, Ablakwa stated, "Today I initiated formal steps to re-present to the 9th Parliament our Private Member’s Bill known as the Protection of State Assets Bill which seeks to prohibit politicians and politically exposed persons from buying state assets.

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"He emphasized his conviction that the bill would serve as a definitive remedy to the issue, saying, "This bill is definitely the permanent solution to the deleterious canker of State Capture."The legislator expressed optimism that the 9th Parliament would approve the bill and that it would receive President John Mahama's endorsement.

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"It is most refreshing that we can passionately demonstrate our principled and consistent position on this matter whether in government or in opposition," Ablakwa added.The draft version of the Public Assets Protection Bill 2024 proposes sanctions and asset forfeiture measures for individuals who unlawfully acquire state assets.

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The legislation aims to prevent political appointees, politically exposed persons, and private entities from obtaining state lands, reinforcing the protection of national resources.<img src="

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