Senate Committee on the two bills Chaired by Adetokunmbo Abiru ( Chairman Senate Committee on Banking Insurance.

Senate Committee on the two bills Chaired by  Adetokunmbo  Abiru ( Chairman Senate Committee on Banking Insurance 

Senate committee meeting was held.at the conference hall  of the 022 Senate new building national Assembly .
A day meeting was held for deliberation on repealing  of 2 bills."(l ) National insurance commission Act ,And Nigeria  Export Bank ACT amendment bill 2025( SB) 699 by Nass independent publishers (online) .the listed two bills were held with Interest Publics & stakeholders and Senate committee members on  banking and insurance  & other Insurance institutions. The chairman of the committee, is  Senator Adetokunmbo  Abiru.
the Senate President speech was presented by senator Ali Monogunu...
.the stakeholders where  drown from among the following,, prof. uche walleke, president capital market Academy/ Chief executive officer/ bank director of Nigeria. Adebukota Drenuga of Ndic ,Ronbak David of security and exchange commission ( SEC)  was also present. others were .) 
Mr Olusegun Ayo omosehin ,Commissioner for InsuranceThe rest are  Yetunde Ilori who is the president/ Chairman of council of chattered institute of Nigeria. The Hon minister of industry ,trade and  investment was ablly  represented  by Dr jumoke Oduwole . The President / Chairman  governoring board Nigeria council of registered  Insurance Brokers (NCRIB) also made valuable contribution at the meeting  (hearing) who is in the person of  Mrs Ekeoma Ezeibe.   
The vote of thanks was move by senator Orji Uzor Kalu ,who commended and also appreciated all the members and stakeholders , for their meaningful contributions while wishing them successful deliberations and Journey Mercy. 
The stakeholders proposed  some amendments  to the  bills such as:  Section, 7 functions of Regulators , Section  8 Powers of regulators and emergence of  the regulators and also proposed the change from  Deputy commissioner to commissioner Section 15/16 .
 They also proposed the setting of time- frame for payment by the operators, targeting 30th September yearly . The Stakeholders also noted  that the industrial Chairman  board should not be held by CBN but that CBN should just be a member of the board. 
 Conclusively, they proposed for partnership for a  resilience and  suphificicated Banking in Nigeria.

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