BEVERLY HILLS, November 29, (THEWILL) – President Muhammadu Buhari has transmitted the Companies and Allied Matters Bill, 2019 to the National Assembly for consideration and passage.
The President made this known in a letter addressed to the Senate President and read on the floor at plenary.
The letter read: “Pursuant to Section 58 of the Constitution of the Federal Republic of Nigeria 1999 (as amended), I hereby forward the Companies and Allied Matters Bill, 2019 for consideration and passage into law.
“The Senate may wish to note that, in this Bill, Section 26(5) of the extant Companies and Allied Matters Act has been amended to: Preserve the powers of the Attorney-General of the Federation to approve the registration of Companies Limited by Guarantee: and Reflect the Ease of Doing Business principles in Executive Order No. 1 of 2017 on the Promotion of Transparency and Efficiency in the Business Environment.”
Meanwhile, 10 bills sponsored by various members of the Senate were also read for the first time.
Some of them are Marriage Act CAP M6 LFN 2004 (Repeal & Re-enactment) Bill, Federal Co-operative Colleges (Est, etc) Bill, Constitution of the Federal Republic of Nigeria 1999 (Alteration) Bill, Project Continuity Bill, and Federal Character Commission Act CAP F7 LFN 2004 (Repeal & Re-enactment) Bill.
Others include Animal Disease Control Act CAP A17 LFN 2004 (Repeal & Re-enactment) Bill, Federal College of Education Toro, Bauchi State (Est, etc) Bill, and Nigeria Security and Civil Defence Corps Act 2003 (Amendment) Bill.