Push tougher measures against ransom payments and illicit financial flows.
Abuja — Nigeria’s House of Representatives has begun work on legislation that could modernise the country’s commercial law framework, giving formal legal recognition to e-commerce and digital payment transactions for the first time under the Sale of Goods Act.
Documents obtained by TheDiggerNews.com from the House Order Paper for June 10, 2026, show that lawmakers are scheduled to consider for second reading a bill seeking to amend the Sale of Goods Act, Cap. S3, Laws of the Federation of Nigeria, 2004, to reflect modern commercial realities, including e-commerce and digital payment systems.
The proposed legislation, sponsored by Hon. Ahmed Munir, represents one of the most significant attempts in recent years to update a commercial law that predates Nigeria’s digital economy boom.
If passed, the amendment could provide a clearer legal foundation for online transactions, electronic payments, digital marketplaces and disputes arising from internet-based commerce.
The current Sale of Goods Act was designed primarily for traditional physical transactions and has increasingly faced criticism for failing to address emerging issues such as online contracts, digital receipts, electronic payments, delivery obligations, refund mechanisms and consumer rights in virtual marketplaces.
The bill comes at a time when Nigeria’s digital commerce sector is expanding rapidly, with millions of consumers relying on online platforms for retail purchases, financial transactions and business services.
Also listed for consideration is a companion bill that seeks to amend the Price Control Act to reflect current economic realities and to specify essential goods and commodities in Nigeria.
The twin proposals suggest a broader legislative effort to modernise Nigeria’s commercial and consumer protection framework amid rising inflation, changing consumption patterns and the growth of digital commerce.
Beyond the commercial bills, lawmakers are expected to debate motions calling for executive action against the growing ransom economy, stronger anti-money-laundering enforcement, and the establishment of a comprehensive digital registry for seized, forfeited, and recovered assets across the country.
The House is also scheduled to consider amendments affecting military pension administration and the establishment of a Chartered Institute of Human Resources and Strategic Management of Nigeria.
Industry observers say the proposed reform of the Sale of Goods Act could become one of the most consequential commercial law amendments before the National Assembly this session, given its potential impact on businesses, consumers, fintech operators and online marketplaces.
The bill is expected to undergo further legislative scrutiny should it secure approval at second reading.
𝐊𝐞𝐡𝐢𝐧𝐝𝐞 𝐀𝐝𝐞𝐠𝐨𝐤𝐞 𝐢𝐬 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐢𝐯𝐞 𝐣𝐨𝐮𝐫𝐧𝐚𝐥𝐢𝐬𝐭 𝐰𝐢𝐭𝐡 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟏𝟓 𝐲𝐞𝐚𝐫𝐬 𝐨𝐟 𝐝𝐢𝐬𝐭𝐢𝐧𝐠𝐮𝐢𝐬𝐡𝐞𝐝 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐞𝐱𝐩𝐨𝐬𝐢𝐧𝐠 𝐬𝐭𝐨𝐫𝐢𝐞𝐬 𝐭𝐡𝐚𝐭 𝐦𝐨𝐮𝐥𝐝 𝐩𝐮𝐛𝐥𝐢𝐜 𝐝𝐢𝐬𝐜𝐨𝐮𝐫𝐬𝐞. 𝐖𝐢𝐭𝐡 𝐭𝐡𝐫𝐞𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐧𝐨𝐦𝐢𝐧𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐝𝐢𝐯𝐞𝐫𝐬𝐞 𝐛𝐞𝐚𝐭𝐬, 𝐡𝐞 𝐡𝐚𝐬 𝐞𝐚𝐫𝐧𝐞𝐝 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐟𝐞𝐚𝐫𝐥𝐞𝐬𝐬 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠, 𝐢𝐧𝐜𝐢𝐬𝐢𝐯𝐞 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐚𝐧𝐝 𝐚 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲. 𝐀𝐬 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐄𝐝𝐢𝐭𝐨𝐫 𝐚𝐧𝐝 𝐂𝐄𝐎 𝐨𝐟 𝐓𝐡𝐞𝐃𝐢𝐠𝐠𝐞𝐫𝐍𝐞𝐰𝐬.𝐜𝐨𝐦, 𝐀𝐝𝐞𝐠𝐨𝐤𝐞 𝐥𝐞𝐚𝐝𝐬 𝐚 𝐩𝐢𝐨𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐧𝐞𝐰𝐬𝐫𝐨𝐨𝐦 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐨𝐬𝐢𝐧𝐠 𝐮𝐧𝐬𝐞𝐞𝐧 𝐭𝐫𝐮𝐭𝐡𝐬, 𝐚𝐦𝐩𝐥𝐢𝐟𝐲𝐢𝐧𝐠 𝐦𝐚𝐫𝐠𝐢𝐧𝐚𝐥𝐢𝐬𝐞𝐝 𝐯𝐨𝐢𝐜𝐞𝐬, 𝐚𝐧𝐝 𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐢𝐧𝐠 𝐧𝐞𝐰 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐢𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐢𝐯𝐞 𝐣𝐨𝐮𝐫𝐧𝐚𝐥𝐢𝐬𝐦.
𝐓𝐡𝐞𝐃𝐢𝐠𝐠𝐞𝐫𝐍𝐞𝐰𝐬.𝐜𝐨𝐦 | 𝐰𝐰𝐰.𝐭𝐡𝐞𝐝𝐢𝐠𝐠𝐞𝐫𝐧𝐞𝐰𝐬.𝐜𝐨𝐦 | 𝟎𝟖𝟎𝟑𝟗𝟏𝟑𝟓𝟒𝟕𝟐 | 𝐈𝐛𝐚𝐝𝐚𝐧, 𝐍𝐢𝐠𝐞𝐫𝐢𝐚
editor@thediggernews.com
