Senate Confirms Umar Yahaya As Co-Chairman,
Governing Council Of Unclaimed Funds Trust Fund
The Senate, on Wednesday, July 20,
2022 confirmed the appointment of Umar Yahaya as Co-Chairman of the Governing
Council of Unclaimed Funds Trust Fund.
Yahaya’s confirmation was sequel to
the presentation of the report of the Senate Committee on Banking, Insurance
and Other Financial Institutions before the Chamber for consideration by the
Committee of the Whole.
Presenting the report, the Chairman
of the Committee, Sen. Uba Sani (APC - Kaduna Central), said Yahaya’s
appointment was in accordance with the provisions of Section 77(5) of the
Finance Act, 2020.
The lawmaker disclosed that the
nominee possessed the requisite academic qualifications, technical knowledge
and professional experience to be appointed Co-Chairman of the Governing
Council of the Fund.
Sen. Sani revealed that the Committee
did not receive any petition against nominee, stating that he was cleared by
the Nigeria Police Force, Department of State Services (DSS) and possessed the
Code of Conduct Acknowledgement slip.
Ultimately, Yahaya’s nomination was
confirmed after the consideration of the screening report by the Red Chamber.
Dr. Ezrel Tabiowo, FAI, FIMC, CMC, FCP, Fsca
Special Assistant (Press)
To President of the Senate
Wednesday, July 20, 2022.