AKHA Amends Investment Corporation Law, Passes State Bond, Notes Bill 2022

The Akwa Ibom State House of Assembly has ratified a Bill for a Law to amend the ‘Akwa Ibom Investment Corporation (AKICORP) Law 2012’ and also passed into law the ‘Akwa Ibom State Bonds, Notes and other Securities Bill 2022.’

This follows the reports placed before the House at Tuesday plenary by Hon. KufreAbasi Edidem (Itu) and Hon. Uduak Odudoh (Ikot Abasi/Eastern Obolo), Chairmen of the House Committees on Industry, Commerce and Tourism, and Appropriation and Finance.

According to Hon. Edidem’s report, the amendment of the 2012 AKICORP Law will update the scope of the legal and institutional framework of the Corporation in line with global best practices.

"The amendment will strengthen the corporate governance structure of AKICORP to meet with the present and future corporate demands. It will entrench the governance structure of Ibom Airlines Limited to safeguard the investment against undue political interference and instill confidence in investors to invest in the state", the report added.

The House also ratified the report of the House Committee on Appropriation and Finance on Akwa Ibom State Bonds, Notes and other Securities Bill 2022.

After due deliberation and consideration of the Bills at the Committee of the Whole, the House subsequently passed same into Law with April 4, 2023 as their commencement date.

Also at Plenary, a Bill a Law to Provide for a Map for Akwa Ibom State and for other Matters connected therewith, sponsored by Rt. Hon. David Lawrence (Eket), was read the first time and committed to a Joint Committee on Lands, Housing, Houndary and Local Government for scrutiny, to be headed by the Leader of the House, Sir Udo Kierian Akpan (Oruk Anam).

A Bill for a Law to Establish Akwa Ibom State Rural Access Roads Agency (Establishment) and Funds Bill, 2022, was read the second time and committed to the Committee on Rural Development for further legislative actions.

Members present at plenary included Princess Felicia Bassey (Okobo), Otuekong Emmanuel Bassey (Ini), Barr. Aniefiok Dennis Akpan (Etinan), Otuekong Nse Essien (ONNA), Elder Aniekan Uko (Ibesikpo Asutan), Hon. Effiong Bassey (Oron/Udung Uko), Elder Mark Esset (Nsit Atai), Hon. Asuquo Archibong (Urue Offong/Oruko), Elder Udeme Otong (Abak), Elder Mfon Idung (Ika/Etim Ekpo), Chief Effiong Johnson (Mbo), Barr. Victor Ekwere (Mkpat Enin) and Dr Charity Ido (Ukanafun).

Meanwhile, the House has adjourned its plenary to Tuesday, April 11, 2023 at 10am.

Press Unit,

Office of the Speaker,

Akwa lbom State House of Assembly.

Comments

Breaking: A’Ibom Governor Removes Two Aides Amid Restructuring, Alleged PDP Links

Akwa Ibom State Governor, Pastor Umo Bassey Eno, has relieved two aides of their duties with immediate effect, the state government announced on Monday. The affected officials are: Joseph Jacob Ikpak, Senior Special Assistant to the Governor on Support Services Felix Ekuri, Special Assistant to the Governor on Neighbourhood Watch Their disengagement was contained in a statement issued by the Secretary to the State Government (SSG), Prince Enobong Uwah, who described the action as part of the governor’s ongoing efforts to realign the machinery of government with the Renewed Hope and ARISE Agenda. The statement did not provide further details on the circumstances leading to their removal. However, it was gathered from multiple political sources that the decision may be linked to the aides’ alleged association with the opposition Peoples Democratic Party (PDP). The claim has not been officially confirmed, and the government has not commented on the speculation. Political analysts no...

Tragedy at Ikot Ekpene General Hospital: Akwa Ibom Governor Orders Probe Into Maternal Death

By Asuquo Edem UYO – A tragic incident at the General Hospital, Ikot Ekpene, has sparked public outrage after a young mother and her newborn reportedly died following a caesarean section, prompting Governor Umo Eno of Akwa Ibom State to order an immediate high-powered investigation. A disturbing video of the grieving family began circulating on social media over the weekend, drawing widespread condemnation and raising fresh concerns over maternal mortality in the state. Moved by the incident, Governor Eno expressed his condolences to the bereaved family and directed the Commissioner for Health, Dr. Ekem Emmanuel John, to convene a commission of inquiry comprising medical and legal experts. The panel is expected to establish the circumstances surrounding the deaths and recommend preventive measures. In a dramatic move, Dr. John led a midnight team of officials from the Ministry of Health to the hospital for an on-the-spot preliminary investigation, gathering firsthand testimonies f...

AKIRS secures N1.2b judgement against Ardent Energy Services LTD ....warns against tax evasion

The Akwa Ibom State Internal Revenue Service (AKIRS) has secured a landmark judgement against Ardent Energy Services Ltd, an oil servicing company operating in Akwa Ibom State. In a judgement delivered on July 3, 2025 at the Revenue Court of Akwa Ibom State, Uyo, by the Presiding Revenue Judge, Maureen-Idongesit M. Udoka, the court ordered the defendant to pay to the Akwa Ibom State Government, the sum of N1.2bilion, including penalty and interest on the principal sum. The judgement was in consequence to Suit No. Rue/77C/2022, filed by AKIRS. With this judgement, which is a major milestone in AKIRS tax compliance drive, the agency warns taxpayers to willingly comply to their civic obligations of always paying their taxes as and when due as there was no hiding place for defaulters.

The Empire Naija

Search This Blog