Home News Buhari schools Senate, House of Reps on why he refused to sign...

Buhari schools Senate, House of Reps on why he refused to sign two Bills

436
SHARE

President Muhammadu Buhari has explained  the reason he refused to sign two Bills forwarded to him by the Legislature.

The two Bills are the University of Wukari Establishment Bill, 2017, and Chartered Institute of Treasury Management Establishment Bill 2017.

In separate letters to the Senate President, Bukola Saraki, and Speaker House of Representatives, Yakubu Dogara, Buhari said his decision was hinged on the wrong usage of some phrases in the two Bills.

“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 consistency. 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.”

In another letter read at the two chambers, Buhari said, “The rationale for withholding assent are regarding the scope of phrases utilised in the second Bill.

“For instance, the phrase ‘treasury management’ is not defined in the Bill. Greater clarity maybe required regarding the impact of the Bill on 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.”