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Senators to Tackle Police Trust Bill By Yemi Akinsuyi and Eugene Agha The Bill by which the police could possibly receive extra funds in addition to the existing allocation in order to make the force effectively safeguard lives and property will come on the floor of the Senate for a second reading and subsequent debate next Tuesday Making known yesterday during his tour of Lagos State Police Command, Chairman Senate Committee on Police Affairs, Senator David Mark said this Bill seeks to established a Police Tax and Trust Fund to provide adequate funding for the police in crime prevention and detection. The Bill is sponsored by Senator David Mark, the Senate President, Chief Adolphus Wabara, his deputy, Alhaji Ibrahim Nasir Mantu, and Senator Nuhu Aliyu. Section 1 of the Bill, according to Mark consisted an annual police tax at the rate of 2 per cent charged on the assessable profit of a company registered in Nigeria, while in Section 2, the Federal Board of Internal Revenue is charged with the responsibility of assessing and collecting from a company the tax or petroleum profit tax for an accounting period of the company. He said Section 3 of the Bill stipulates the establishment of the Police Tax Fund which shall be managed by the Board of Trustees established under section 4 of this act, and Section 4 will see to the establishment of Board of Trustees for the fund, reflecting the composition of the members of the Board, their appointment, and their tenure in office. The Senator said under Section 5 of the Bill is the cessation of membership of the Board which is stipulated in the interest of the fund and the interest of the public, Section 6 enumerates the functions of the Board of Trustees necessary to ensure the objectives of the fund, and in the 7th Section, the Board of Trustee is vested with the power to administer the tax, disburse the amount in order to develop, maintain and provide facilities and equipment for the Nigeria Police Force. Section 8 of the Bill, the lawmaker said, highlights the offences that a person who contravenes or fails to comply with any provision of the act can be guilty of and under Section 9, the penalties of a person, who is guilty of an offence under this Act are specified. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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