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Reps move to bar bank employees from operating foreign accounts Reps move to bar bank employees from operating foreign accounts
• proposed compulsory asset declaration
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Members of the House of Representatives on Thursday expressed support for a bill which seeks to bar bank employees from operating foreign accounts and ensure compulsory asset declaration by bank employees, as part of efforts aimed at stemming corruption in the financial sector.
The lawmakers expressed their support during the debate on a bill which seeks to amend the Bank Employees etc (Declaration of Assets) Act CAP B1 Laws of the Federation 2004 which was enacted on the 26th of September 1986 by the military regime of General Ibrahim Babangida.
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Introduction
This position paper sets out to examine the crucial place of an organic constitution in consolidating the logic of democracy as the best known mechanism for effective regulation and coordination of human affairs in any given political setting. It emphasizes the early faith that the founding fathers of Nigeria had in the philosophy of federalism and presents the dangers inherent in a dysfunctional federation in the management of a heterogeneous and plural society. It traces the journey of constitutionalism in Nigeria and appreciates that, at best, and till this moment, Nigeria has only had legal and valid constitutions but certainly not legitimate ones. It examines the constant character and processes towards a people’s constitution and argues that the conspiracies of the Colonial Masters in the first instance, the Nigerian Military thereafter and now their elite political collaborators in imposing Constitutions on the people of Nigeria have remain both a travesty and