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Bill on January deadline for budget passes 2nd reading in House of Reps

By Emman Ovuakporie & Johnbosco Agbakwuru

ABUJA—THE Bill to ensure that budget proposal for every fiscal year was passed into law before the first day of January passed through second reading in the House of Representatives, yesterday.

The House also passed into law the Bill for an Act to establish the Office of the Auditor-General of the Federation, which provides additional powers and functions to the office, as well as the establishment of the Federal Audit Service Commission.

The Bill for an Act to alter Sections 81 and 82 of the 1999 Constitution (as amended) to ensure that proposed budgets from the executive were passed into law before the first day of January of every year as provided in Section 318 of the Constitution, was sponsored by Ossai Nicholas Ossai, who represents Ndokwa/Ukwani Federal Constituency of Delta State.

Meanwhile, the Bill for an Act to establish the Office of the Auditor-General of the Federation also seeks to repeal the Audit Act,1956; the Public Accounts Committees Act, Cap. P35, LFN (Law of Federation of Nigeria), 2004 and the re-enactment of the Federal Audit Service Bill, 2016.

The House further passed to second reading a Bill for an Act to provide the framework for handling unclaimed financial assets to establish the Unclaimed Financial Assets Agency and the Unclaimed Financial Assets Trust Fund.

The House also considered the motion that called for an end to the deconstruction of Nigeria’s flag and urged the Federal Government to direct the National Orientation Agency, NOA, to embark on public enlightenment and re-orientation on the need to put an end to the deconstruction.

The House in the motion sponsored by Samuel Ifeanyi Onuigbo, representing Ikwuano/Umuahia Federal Constituency of Abia State, urged the government to mandate the agency to be the only source of obtaining the national flag to ensure that the correct format of the flag was produced.


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