If you steal public funds, there will be no place for you to hide. If you like, run away to a far-flung country, the Nigerian government will still be able to prosecute you and send you to jail.

This will be possible through a new bill passed into law by the Senate on Tuesday to crackdown on money laundering.

The bill encourages foreign countries where currency crooks are hiding to cooperate in prosecuting them.

According to the bill, Nigeria may ask any country where a public official who has stolen money may be hiding to help it prosecute the offender, or prosecute that person itself.

In the second case, Nigeria would supply the country with evidence to support a conviction.

It is no longer news that Nigeria suffers a chronic case of public corruption. The trend has brought mass poverty as most people live on less than 500 Naira a day despite the country's vast energy wealth, much of which has been stolen by rich political thieves.

"This act will facilitate the needed cooperation with other states to prevent individuals from escaping prosecution by fleeing to another country," said Senate President Bukola Saraki.

The bill was originally presented by President Muhammadu Buhari, who has vowed to fight corruption.