FORCE REORGANIZATION: IGP ORDERS RESTRUCTURING, SANITIZATION OF SCID KEBBI.(PHOTO).#PRESS RELEASE.

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 PRESS RELEASE FORCE REORGANIZATION: IGP ORDERS RESTRUCTURING, SANITIZATION OF SCID KEBBI. •Harps on Specialization of Investigative Units, Commitment to Rule-of-Law. In furtherance of the vision of the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM., to establish specialized investigative units within the Nigeria Police Force, the IGP has ordered the immediate sanitization and restructuring of the Kebbi State Command Criminal Investigation Department (CID), in a strategic move aimed at enhancing the effectiveness and professionalism of police officers attached to the section in the State.  The IGP has directed that all officers currently occupying positions within the Kebbi State CID be reassigned to other commands, formations, and units, including training schools. This decision is part of a broader initiative to inject expertise into the Department, ensuring the most capable hands are in place to emplace modern policing ideals through standardised investigation
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REPS APPROVE FINANCE MINISTRY AMENDMENT BILL FOR SECOND READING. (PHOTO).

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 Reps Approve Finance Ministry Amendment Bill for Second Reading


The House of Representatives on Tuesday passed for a second reading a Bill aimed at repealing the Ministry of Finance Incorporated Act of 1959 and replacing it with the Ministry of Finance Act of 2024.


Leading the debate on the Bill's general principles, Ademorin Kuye explained that the Ministry of Finance Incorporated (MoFI) was established in 1959 by an Act of Parliament to act as the sole custodian of Federal Government assets across the country. However, Kuye pointed out that since its inception, MoFI has failed to function effectively due to issues such as asset mismanagement, diversion, and abuse.


Kuye emphasized that the 1959 Act, which consists of only six sections, is outdated and lacks the framework necessary for MoFI to operate efficiently in modern Nigeria. He highlighted that the proposed new Act would introduce a comprehensive framework with 49 sections, addressing the conduct, management, and custodianship of Federal Government assets.


He further explained that, if enacted, the Bill would revitalize MoFI by establishing a robust institutional framework, improving its corporate governance, and outlining its organizational structure. The Bill aims to ensure better ownership, accountability, and management of federal assets, as well as to empower the corporation to contribute to economic growth through efficient asset management, preventing abandonment and misappropriation.


Kuye also noted that the Bill would provide a strong legal foundation for creating a national corporation capable of managing and optimizing over N300 trillion worth of federal assets. This would be achieved by granting MoFI specific powers and ensuring that its board is properly incentivized.

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