 The Akwa Ibom House of Assembly has passed into law a bill for the establishment of Akwa Ibom Investment Corporation.
The House leader, Mr Okpolupm Ette, moved the motion for passage of the bill.
The house committee chairman on judiciary, Justice and Public Petition, ekong Sampson, a lawyer seconded the motion.
Earlier, the speaker of the House, Elder Samuel Ikon, had briefed the House that while they were in the committee of the whole to consider the report on the bill sent in by the house committee amended, re-ordered, adopted and expunged some of the clauses earlier sent in.
Ikon said the level of the committee of the whole house deleted the word “Holding”, thereby reverting what was to be known as “Akwa Ibom Investment Holding Corporation” to “Akwa Ibom Investment Corporation.”
He said that the House has also amended clause 2(2) to include two full time members and two part-time members from the other two senatorial districts other than that of the chairman.
His words: “We have also amended the functions and powers of the corporation by re-ordering item(d) to become (a); (a) becomes (b); (b) becomes (c); and (c) becomes (d).
Ikon said that at the committee of the whole, the House also expunged clause 9 (b); and clause 10 to replace “law officer” with legal practitioners and deleted appointed by the Attorney-General to appointed by the governor.
Other clauses amended in the bill, according to the speaker, include clauses 11 (2), 11 (5), 11 (6), 19, 30, 33, 34 with the amendment date fixed for March 13th, 20112. |
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