The Senate Tuesday extended the implementation period for 2023 supplementary budget from March 31, 2024 to June 30, 2024.
The Senate had in December 2023 , extended implementation of the N1.3trillion supplementary budget from December 31, 2023 to March 31, 2024 .
But the red chamber in making further extension of implementation period for the budget , gave an executive bill sponsored to that effect by its Leader , Senator Opeyemi Bamidele , expeditious consideration by passing it for second and third readings.
The Senate in another legislative decision taken on Tuesday, confirmed four persons as Managing and Executive Directors of the Asset Management Company of Nigeria, (AMCON).
Gbenga Alade was confirmed as the Managing Director of AMCON while those confirmed as Executive Directors include, Adeshola Lamidi, Lucky Adaghe and Dr Aminu Mukhtar Dan’amu.
Confirmations of the nominees were sequel to requests made to that effect , President Bola Tinubu through letter forwarded to the Senate last month .
The Senate also passed for second reading , bill seeking for amendment of extradition Act.
In his lead debate on the general principles of the bill, Senator Opeyemi Bamidele said, “The Extradition Act is the legislation that governs the process by which Nigeria can request and obtain the surrender of a person from another jurisdiction who is accused or convicted of a criminal offence outside the requesting jurisdiction’s territory.
“The Act is today set for amendment in order to ensure compliance with Nigeria’s obligation to the international bodies in the fight against Money Laundering and Terrorism Financing and also to ensure the delisting of Nigeria by the ICRG from the grey list through compliance.
“The amendment Bill has been read on the floor of both Houses (the Senate and the House of Representatives) respectively.
“Section 2 subsection 1 of the Act is amended to allow Nigeria to accede to extradition requests from countries with which Nigeria has signed an extradition treaty – as opposed to only commonwealth countries, as is the case today. The present position of the Act applies only to countries within the Commonwealth and any other country with whom Nigeria establishes an extradition treaty or arrangement.
“Section 7 subsection 4 of the Act is amended to properly set out the procedure for issuance of warrant arrest of arrest for effective execution of extradition requests.”
