Spread the love

The Senate has swiftly postponed its planned public hearing on Banking, Insurance and other Financial Institutions over concerns arising from clash of national events in commemoration of the first year anniversary of the President Bola Tinubu administration.

The Clerk of the Committee of the Senate on Banking, Insurance and other Financial Institutions, Tinuke Ogunrinde, in a statement said a new date and time for the public hearing will be communicated.

Ogunrinde also disclosed that the postponement also affected the proposed public hearing on the Central Bank of Nigeria Act Amendment Bills and the Nigerian Deposit Insurance Corporation Act Amendment Bill, scheduled for Thursday, 30th May, 2024.

President Tinubu would on Wednesday address a joint session of the National Assembly as part of events lined up to mark his one year in office.

The Minister of Finance and the Coordinating Minister of the Economy, Olawale Edun, Governor, Central Bank of Nigeria, Olayemi Cardoso, among other key stakeholders, who are expected to make presentations on the Bills will be in the President’s entourage as he commissions projects across the country.

The Senate Committee Clerk explained “Members of the public are hereby informed that the Public Hearing of the Senate Committee on Banking, Insurance and Other Financial Institutions on the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation (Amendment) Bills earlier scheduled for Thursday, 30th May, 2024 has been postponed till further notice.”

Meanwhile, another statement by the Special Adviser on Information & Strategy to the President, Bayo Onanuga, said that the president will not give a broadcast to the nation on Wednesday to celebrate his first anniversary as the leader of the nation.

“Instead, the President will address a joint session of the National Assembly, which has lined up a programme to commemorate 25 years of the nation’s democratic journey at both the executive and legislative levels.”

President Tinubu’s speech will dwell on the achievements of his administration and Nigeria’s democracy since the military ceded power in 1999.

“Former Senate President, Senator David Mark, former speaker of the House of Representatives and now President Tinubu’s Chief of Staff, Rt. Hon. Femi Gbajabiamila are all lined up to address the parliament.”

“Also lined up to speak is the former military ruler, General Abdulsalami Abubakar, who handed over power to civilian administration in 1999.”

“At the end of the speeches, President Tinubu will commission the National Assembly Library and Resource Center, now to be known as Bola Ahmed Tinubu Building,” the statement added.






Leave a Reply

Your email address will not be published. Required fields are marked *