Acting President, Osinbajo rejects Agric scheme bill from Nigerian Senate

Acting President, Prof. Yemi Osinbajo, has written to the Senate, saying he has withheld assent to four bills passed by the National Assembly.

The bills are Dangerous Drugs Amendment Bill 2016, National Lottery Commission Bill 2016, Agricultural Credit Guarantee Scheme Fund Amendment Bill 2016, and Currency Conversion Freezing Order Amendment Bill 2016.

Professor Osinbajo gave several reasons for the rejection of assent to the bills and said the bills have been returned to the National Assembly.

“Dear Senate President,
Re: Withholding of assent to the Agricultural Credit Guarantee Scheme Fund Amendment Bill 2016.
Pursuance to Section 58(4) of the constitution of the Federal Republic of Nigeria 1999 as amended, I hereby convey to the Senate my decision to withhold assent to the Agricultural Credit Guarantee Scheme Fund Amendment Bill 2016 recently passed by the national assembly.
The reasons for withholding assent to the bill are the concerns surrounding board composition, funding arrangements, limitation of liability of funds and proposals to increase level of uncollaterised loans from N5,000 to N250,000.
Distinguished Senate President, please accept the assurances of my highest consideration.
Professor Yemi Osinbajo
(Acting President),” the letter read.

Osinbajo had last week assented to seven bills passed by the legislature.

President of the Senate, Bukola Saraki, who read Osinbajo’s letter to senators during plenary on Wednesday, said the chamber would seek legal advice on the matter as it had to do with separation of powers.

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