The Senate in a bid to move ahead of time in the review of the 1999 Constitution on Tuesday, July 25, 2017 commenced the consideration of the Report of its Committee on Constitution Review. The Bill sponsored by the Deputy Senate President, Ike Ekweremadu seeks to alter 32 items in the Constitution among which is the reduction of age limit from 45 and 35 years to 35 and 25 years for contesting the position of Senate and House of Representatives member.
Senators that lent their voices during the consideration of the Bill include Shola Adeyeye, George T. Sekibo, Atai Aidoku, Dino Melaye, Sunny Ogbouji, Danjuma Goje, Shehu Sani, Binta Masi Garba, Peter Nwaoboshi, Joshua Lidani, James Manager, Aliyu A. Sabi, Kabiru Marafa, Abdullahi Hunkuyi, Foster Ogola, Gbenga Ashafa and a host of others.
At the end of the consideration of the Bill, the Senate President, Bukola Saraki who presided over the session announced that electronic voting on the 32 items of the legislation will take place on Wednesday, July 26, 2017. He urged all Senators to be punctual for the crucial exercise; and also commended the Senate Committee on the Review of the Constitution of the Federal Republic of Nigeria 1999 as Amended (Alteration) Bill, 2017 for the timely presentation of their Report.
Also, the Red Chamber has adopted the Conference Committee Report on two consolidated legislation on:
1) The Nigerian Peace Corps (NPC) (Establishment, etc.) Bill, 2017 (S.B. 173 & 183) standing in the names Sen. David Umaru (Niger East) and Sen. Bayero Nafada (Gombe North). The Report on the Bills were presented for consideration and adopted by the Senate Committee on Judiciary, Human Rights and Legal Matters after the harmonization of the legislation by the two Chambers of the apex Parliament.
Similarly, the Upper Legislative Chamber has equally debated and passed for second reading the following Bills:
1) A Bill for an Act to Establish the Nigerian Financial Intelligence Agency as the central body in Nigeria responsible for receiving, requesting, analyzing and disseminating Financial Intelligence Reports and other information to Law Enforcement, Security and Intelligence Agencies and other relevant Authorities and for related matters, 2017 (S.B. 535), sponsored by Sen. Chukwuka Utazi (Enugu North). It is referred to the Senate Committee on EFCC to report in the next legislative date (Tomorrow).
2) A Bill for an Act to Facilitate the Development of Nigeria’s Capital Market by enabling the conversion and registration of Nigerian Stock Exchange from a company limited by guarantee to a public company limited by shares and for other related matters, 2017 (S.B. 531), sponsored by Sen. Foster Ogola (Bayelsa West). The Bill has been referred to the Senate Committee on Capital Market, to report back in four weeks.
Meanwhile, the Senate has received two Executive Communication from Nigeria’s Acting President, Prof. Yemi Osinbajo on the following:
a) Request for Senate approval of virement of N135.6 billion to fund the 2017 Budget.
b) Forwarding of 2017 Federal Capital Territory (FCT) Statutory Budget Proposal of N222.217 billion for the FCT Administration