Senate bars NIPOST from tax collection, withdraws agency's regulatory powers - Punch Newspapers

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She added that sub-clause was deleted as the Board cannot borrow or raise funds for the entity while sub-clause was amended to align with existing legislation.

Tinubu further said that clause 8 which deals with the Application of Pensions Act was amended to align with the Pension Act. Among other amendments made to the NIPOST Act, 2004, was an amendment to clause 15 which deals with National Postcode System and Technical Standards. During consideration of the report, the Senate amended sub-clause 3 to provide that “the Minister may, with the approval of the President, at any time remove any member of the Board from office on the grounds of misconduct, conviction, infirmity or disease of the mind.”

 

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