President Muhammadu Buhari has refused assent to two bills passed by the National Assembly, citing non clarity in the wordings used.
In two letters sent to the Senate, the president refused to assent to the Chartered Institute of Treasury Management establishment bill 2017 and the University of Wukari establishment bill 2017.
The two letters were read to senators by Bukola Saraki, the Senate President, on Tuesday.
The president’s letter read: “Pursuant to section 58 (4) of the constitution of the federal republic of Nigeria 1999. I hereby convey to the senate my decision on the 25th of October, 2017 to withhold assent to the University of Wukari establishment bill 2017.”
“The rationale for withholding assent is regarding certain words and phrases utilised in the bill.
“For instance statutes should replace regulation throughout the bill for consistently. Paragraph 9 (1) of the first schedule should refer to the president and not the visitor and paragraph 5 of the first schedule should refer to sub-paragraph 2 and not sub-paragraph 3.
“The phrase treasury management is not defined in the bill, greater clarity maybe required regarding the impact of the bill of the central bank’s regulation of treasury managers in banks and the relationship between the professional institutes and other existing professional institutes that regulate treasury managers in Nigeria.
“Please accept senate president assurances of my highest consideration.”