Majority of the lawmakers on Thursday endorsed the second reading of a bill for an Act seeking to repeal the People’s Bank of Nigeria Act, 2004.
Members said the bank had become moribund and its functions taken over by the Nigerian Agricultural Bank.
The bill was sponsored by an APC member from Yobe State and Chairman, House Committee on Sports, Mr. Goni Bukar-Lawan.
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However, there was some drama as the bill generated arguments among members.
While some lawmakers felt that the bank could still be resuscitated, others held the view that it had since lost its relevance since it had been merged with the Nigerian Agricultural Bank.
But, the majority won the day as Dogara ruled in support of the second reading of the proposed piece of legislation.
