Anambra: State Legislative Funds Management Bill passed

Anambra House of Assembly has passed the State Legislative Funds Management Bill to ensure accountability, transparency, effectiveness and efficiency in the utilization of funds.

The bill passed through third reading at plenary on Wednesday after  lawmakers took turns to effect some corrections in the 16-clause bill before it was finally passed.

The Speaker, Mr Uche Okafor, who conducted a voice vote on each of the sections of the bill before the passage said: “Having considered the third reading of a Bill for a law to provide for the management of funds of the Anambra State House of Assembly and for related matters 2020, the bill is hereby passed’’.

Following the passage, the speaker directed the Clerk of the Assembly, Mr Pius Udo, to forward a clean copy of the bill to Gov. Willie Obiano for his assent.

According to the bill, all moneys due to the House of Assembly for capital and recurrent expenditure shall be paid by the Accountant-General into the Assembly’s account in monthly instalments, in accordance with provisions of the 1999 Constitution as amended.

It also stated that the account of the Assembly shall be audited annually by the auditors appointed from the list of auditors, in accordance with the guidelines issued by the Auditor-General of the state.

“The administration of the Assembly shall ensure the management of funds accruing to the state House of Assembly from the consolidated revenue fund of the state to ensure accountability, transparency, effectiveness and efficiency in the utilisation of funds,’’ it stated.