Senate takes away NIPOST's power to raise fund in newly pass

Senate takes away NIPOST's power to raise fund in newly passed Bill


Presenting the report, Committee Chairperson, Sen.
Oluremi Tinubu (APC -Lagos), said sub-clause (1)(a) under clause 3 that deals on membership of the governing board of the NIPOST was amended to empower the board to formulate policies for development of the postal sector.
According to her, sub-clause (1)(b) was deleted as the board cannot borrow or raise funds for the entity while sub-clause (1)(c) was amended to align with current legislation.
She said clause 5(2) was also inserted to specify minimum qualifications for appointment of the Postmaster-General
Other amendments made to the NIPOST Act 2004, was amendment to clause 15 which deals with National Postcode System and Technical Standards.

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