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Chatered Institute of Directors bill scales second reading in Senate 

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A bill seeking to give legal backing to the establishment of the Chatered Institute of Directors of Nigeria scaled second reading during plenary on Tuesday.

 

The bill was sponsored by the Senate Leader, Yahaya Abdullahi (APC, Kebbi North).

 

Abdullahi, while leading debate on the bill, said the Institute of Directors of Nigeria which was established 34 years ago in 1983, was incorporated by the Corporate Affairs Commission (CAC), as a non-profit making public company limited by guarantee.

 

According to him, the Institute’s major objective is to among others things; provide professional training to Directors in the Public and Private Sectors to facilitate effective governance, public accountability and professional efficiency in administering the Public and Private Sectors in Nigeria.

 

The lawmaker, however, explained that in discharging this enormous role, the Institute needs to secure membership of Global Network of Directors Institute (GNDI), the umbrella body of Institute of Directors in the world with headquarters in Canada and European Federation of Directors.

 

“The Institute requires to be affiliated with these and other related international organisations with speciality or mandate in provision of capacity development services to Directors worldwide.

 

“The Institute is currently not a member of the two world most famous bodies in this sector on the ground that is not established by law in Nigeria to qualify as chartered and that is what this Bill seek to do to ensure that it is establish by law to enable it to affiliate with the world organizations in this sector.

 

“This failure has affected the development of the Institute despite its long functional existence. It has also limited its capacity to participate in international conferences, send its students on exchange of experience visits and a number of benefits that only Chartered Institutes of Directors enjoy.

 

“The Bill is proposed to make the Nigerian Institute of Directors a Chartered Institute to acquire all the recognitions, benefits and technical support needed to make it effective in provision of capacity development services for Directors in the Private and Public Sectors in Nigeria and the rest of the world”, Abdullahi said.

 

The lawmaker further explained that the Chartered Institute of Directors of Nigeria bill, when passed and signed into law, would serve as a Regulatory Body for Persons serving as Directors in both Public and Private Sectors.

 

He added that the body would also be tasked with determining the standards of knowledge and skills to be attained by persons seeking to become Directors; making provision for continuous training and development of the Directors; and ensuring professionalism and the promotion of corporate governance values.

 

Contributing to the debate, Senator Surajudeen Ajibola Bashiru, underscored the need for the establishment of a body to regulate the activities of Directors in the public and private sector.

 

He emphasized that giving legal backing through the passage of the bill, besides ensuring viable management of corporate entities in Nigeria, would yield associated benefits from interface with recognized international organizations.

 

The bill after scaling second reading, was referred by the Senate President, Ahmad Lawan, to the Committee on Establishment and Public Service for further legislative work.

The Committee which is Chaired by Senator Ibrahim Shekarau (APC, Kano Central) is expected to report back to the upper chamber in two weeks.

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Defence and Security

Army Has No Desire To Truncate Nigeria’s Democracy — COAS

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Chief of Army Staff (COAS), Lieutenant General Taoreed Lagbaja
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The Chief of Army Staff (COAS), Lieutenant General Taoreed Lagbaja, on Tuesday, restated the commitment of the Nigerian Army to defend the nation’s choice of government, democracy.

Addressing participants at a seminar on career planning and management organised by the Army headquarters, the COAS said the Army has no plans to truncate democracy in the country.

He charged officers of the Nigerian Army to remain above board in the discharge of their professional duties.

“Permit me to seize this opportunity to reiterate that the Armed Forces of Nigeria, particularly the Nigerian Army has come to terms with the country’s choice of democracy as the preferred system of governance,” he said during his address to officers.

“We are therefore agents of democracy and have no desire to truncate it. The Nigerian Army will continue to defend our constitution and not suspend it for whatever reason.

“It is the duty of our elected leaders to lead while the military does its job as enshrined in our constitution. Nigerian Army personnel must therefore remain professional and be above board as they discharge their constitutional duties.”

The commitment by the COAS followed the series of putsches in West and Central Africa which have experienced at least seven military takeovers in the last four years.

Mali, Guinea, Burkina Faso, and most recently, Niger Republic — all members of the Economic Community of Western African States ( ECOWAS) — have pulled out from the regional bloc in last four years. Outside of West Africa, Chad and Sudan also experienced military coups in 2021.

 

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Economic: Defence Chief Warns Coup Advocates

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The Chief of Defence Staff, General Christopher Musa, has warned against advocating for a coup due to economic hardship, emphasizing patience and the superiority of democracy.

He made this known on Thursday while speaking with journalists at the Nigerian Army 6 Division Headquarters in Port Harcourt, the Rivers State capital, after commissioning some building projects.

General Musa urged individuals promoting military takeover to cease such statements.

The Chief of Defence Staff had earlier commissioned the newly constructed Entrance Gate and Officers Transit Accommodation at the 6 Division Headquarters.

Protests have occurred in Ogun, Oyo, Kano, Niger and some parts of the country in the last few weeks over the hardship experienced in the country as Nigerians lament food inflation, high cost of living, amongst other harsh living conditions occasioned by the removal of petrol subsidy, forex crisis, amongst others.

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Defence and Security

Security: Bill To Introduce State Police Scales Second Reading

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Federal House of Representatives
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A Constitution Amendment Bill to introduce state police has scaled second reading in the House of Representatives.

The bill, which was sponsored by 13 members of the House, enjoyed support from majority of the lawmakers in the green chamber who believed that concerns of political victimisation by state governors, should take the backseat to the current state of insecurity across the country.

Last week, President Bola Tinubu and 36 state governors considered the creation of state police as solution to the menacing security challenges like kidnapping and banditry ubiquitous in the country.

State police has been a subject of controversy since the Seventh National Assembly and has failed to make it through the amendment phase.

Governors elected on the platform of the Peoples Democratic Party (PDP) had recently restated their position on state policing, as the solution to the country’s worsening security situation, lamenting that Nigeria is “almost on the road to Venezuela”.

Also, regional socio-political groups such as Afenifere, Ohanaeze Ndigbo, Middle Belt Forum, and the Northern Elders’ Forum, have repeatedly called for state police as solution the myriad of increasing security challenges confronting the nation.

Already, states in the South-West geopolitical zone have formed the Amotekun while their counterparts in the South-East also created state-owned security outfit Ebube Agu. The Benue Guards has also been operational in Benue State in the North Central while states like Katsina, Zamfara and other bandit-prone sub-nationals have also come up with similar state-established outfits.

However, these outfits have not been effective as anticipated as they don’t have the backing of the Federal Government or the Presidency while states continue to demand that Amotekun, Ebube Agu and others are granted license to bear assault rifles like AK-47 to confront lethal gun-toting marauders.

 

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