President Muhammadu Buhari has
refused to assent to two bills forwarded to him by the national assembly.
The two bills are the University
of Wukari establishment bill, 2017 and Chartered Institute of Treasury
Management establishment bill 2017.
The president’s decision to
withhold assent to the bills was contained in two separate letters which Senate
President Bukola Saraki read on the floor of the upper legislative chamber on
Tuesday.
Buhari explained that he chose
not to sign the bills because of “certain words and phrases” used in the bills.
“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 letter read.
“The rationale for withholding
assent is 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 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.
“Please accept senate president
assurances of my highest consideration.”
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