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The bill was passed during plenary on Wednesday following the consideration of a report by the senate committee on banking, insurance, and other financial institutions.
The bill, which is an act to amend the AMCON Act No.3, 2014 to extend the tenor of the resolution cost fund and for related matters 2021,
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The amendment bill passed by the chamber empowers AMCON to, amongst others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular.
It also empowers the corporation to access the special tribunal established by the BOFIA, 2020 for dealing with financial related matters.
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History was made on February 16, 2021 when a police officer from Ini Local Government Area of Akwa Ibom State, Celestine Obot Williams, who was wrongfully dismissed from the Nigeria Police Force for a period of 21 years, got re-instated and promoted to the rank of an Assistant Superintendent of Police (ASP).
The promotion was back dated to take effect from June 11, 2020.
The story of his re-instatement/restoration began in 2016 when he submitted a petition to the senator representing Akwa Ibom North East Senatorial District, Senator Bassey Albert Akpan (OBA) requesting for his re-instatement for wrongful dismissal.
In the petition, Senator Albert Akpan requested the Senate to intervene in view of the fact that the police wireless message attached to his request revealed that the appellant, who at the time of the officer’s dismissal, was a constable, was not tried but dismissed for an undisclosed offense.
Police officer recalled after 21 years of wrongful dismissal, promoted vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
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The Nigerian Senate on Thursday detailed its Committee on Banking, Insurance and Other Financial Institutions to interface with the Central Bank of Nigeria to proffer solutions to the ban on Cryptocurrency.
The decision was reached after a rigorous debate on a motion titled: “CBN’s decision to stop Financial Institutions from transacting in Cryptocurrencies and matters arising therefrom.”
The motion which was sponsored by Senator Instifanus Dung Gyang representing Plateau North Senatorial district pointed out that the ban elicited very sharp reaction from Nigerians, hence, the need for legislative intervention.
“Notes that the CBN has issued a directive stopping all Financial Institutions from transacting in Cryptocurrencies. This is a follow-up of its earlier directives in January 2017 and February,.2018 which forbade Banks to use, hold, trade and transact in Cryptocurrencies.”