A Bill which seeks to ensure smooth operation of the Asset Management Corporation of Nigeria (AMCON), on Tuesday, scaled second reading in the Senate.

The Bill titled: “A Bill for an Act to amend the Asset Management Corporation of Nigeria Act No.3, 2014 to extend the tenor of the resolution cost fund and for related matters 2021” was sponsored by Senator Opeyemi Bamidele (Ekiti Central).

Bamidele in his lead debate noted that the main aim of the proposed amendment is to update a few clauses in the Act that have been hampering the operations of the AMCON.

He said: “Under the current Act, the continued smooth operation of AMCON is threatened by the tenor put on a key funding provision for AMCON.

“Therefore, the proposed amendment is designed to allow for more flexibility in the tenor of this key funding provision.”

The objective of the Bill, according to the Ekiti Central lawmaker, is to allow for a more flexible, industry determined tenor for one of the key funding options of AMCON in order to enable it carry out its functions effectively.

Follow Our WhatsApp Channel ______________________________________________________________________________________________________

[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation

______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence

Interested buyers are encouraged to place their orders and enquiries via: 0704 444 4777, 0704 444 4999, 0818 199 9888 Website: www.alexandernigeria.com

______________________________________________________________________ Groundbreaking Guide For Lawyers: Adigwe Publishes ‘Artificial Intelligence For Lawyers’ With Free Research eBook The book also examines Nigeria's legal ecosystem, focusing on the LPELR and NBA AI Guidelines. As a bonus, every purchase comes with a FREE eBook titled: How to Use the AI Features in LegalPedia and LawPavilion. Ohio Books Ltd praises the publication, stating: "....this is the only Nigerian book I know of on the topic." How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌎 Website: www.benadigwe.com Ebook Version: Access it directly online at https://selar.com/prv626 Authored by Ben Ijeoma Adigwe Esq., ACIarb (UK), LL.M, Dip. in Artificial Intelligence, Director at the Delta State Ministry of Justice, Asaba, Nigeria. ______________________________________________________________________