Breaking: Buhari Rejects 2 Bills, Returns To NASS For Amendment 

President Muhammadu Buhari has withheld ascent on the University of Wukari establishment and chartered institute of treasury management establishment bills.

Buhari in letter sent to Senate which was read by the President of the Senate, Senator Bukola Saraki explained that the words and phrases used in the bills are ambiguous. 

The first reads, “Pursuant to section 58 (4) of the constitution of the federal republic of Nigeria 1999.

“I hereby convey to the senate my decision on the 25th of October, 2017 to withhold assent to the university of Wukari establishment bill 2017.

“The rationale for withholding assent are regarding certain words and phrases utilised in the bill.

“For instance statutes should replace regulation throughout the bill for consistently. Paragraph 9 (1) of the first schedule should refer to the president and not the visitor and paragraph 5 of the first schedule should refer to sub paragraph 2 and not sub paragraph 3.”

The second letter reads “Pursuant to section 58 (4) of the constitution of the federal republic of Nigeria 1999.

“I hereby convey to the senate my decision on the 25th of October, 2017 to withhold assent to chartered institute of treasury management establishment bill 2017.

“The rationale for withholding assent are regarding the scope of phrases utilised in the bill.

“For instance the phrase treasury management is not defined in the bill, greater clarity maybe required regarding the impact of the bill of the central bank’s regulation of treasury managers in banks and the relationship between the professional institutes and other existing professional institutes that regulate treasury managers in Nigeria.”

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