Asset Bill Edited
Asset Bill Edited
Asset Bill Edited
FOR A LAW TO ESTABLISH THE AKWA IBOM STATE ASSETS MANAGEMENT AGENCY FOR THE
PRESERVATION, MANAGEMENT AND MAINTENANCE OF STATE GOVERNMENT-OWNED ASSETS
AND FOR CONNECTED PURPOSES
COMMENCEMENT ( )
PART II
ESTABLISHMENT AND COMPOSITION OF BOARD
(d) The General Manager who shall be the Chief Executive Officer of the Agency.
(2) The Chairman and members of the Board other than ex-officio members shall be
appointed by the Governor, subject to confirmation by the State House of Assembly.
6. Tenure of office.
(1) Subject to the provisions of this Law and any other Law in the State prescribing the
tenure of office of members of Statutory Boards, the Chairman and members of the
Board other than the General Manager and ex-officio members shall-
(a) hold office for a term of three years and may be re-appointed for another term of
three years and no more; and
(b) serve the Agency on part-time basis.
(2) An ex-officio member of the Board shall hold office by virtue of the office which he
occupies.
(3) Notwithstanding the provisions of sub-section (1) of this section, the Governor may
dissolve the Board at any time if the Governor is satisfied that the Board should be
dissolved in the interest of the State.
7. Remuneration
The Chairman and members of the Board shall be paid such remuneration and allowances
as may be determined and approved by the Governor.
8. Vacation of Office
The office of the Chairman or member of the Board shall become vacant if he-
(a) resigns his appointment in writing;
(b) is adjudged bankrupt or makes compromise with his creditors;
(c) is convicted of an offence involving fraud, dishonesty or moral turpitude;
(d) is incapacitated by physical or mental illness or otherwise unable or unfit to
discharge his duties as a member;
(e) has a conflict of interest or is guilty of serious misconduct in relation to his duties;
or
(f) he is removed from office by the Governor for whatever reason.
9. Functions of the Board.
The functions of the Board shall be to-
(a) set guidelines for the management of the Agency and ensure compliance with the
provisions of this Law and Regulations made under it;
(b) provide general policy guidelines for the operations of the Agency and supervise the
implementation of such policies;
(c) ensure the effective and optimum performance of the Agency and work towards the
attainment of its objectives;
(d) approve the Master Plan developed by the Agency for the management and
maintenance of assets in the State;
10. Meetings
(1) The Board shall, at such date and time as the Chairman may decide, hold any meeting
for the transaction of its business and shall meet once every month.
(2) The Chairman shall at any time, upon the requisition of three or more members,
convene a meeting of the Board to transact any business specified in the notice of
such meeting.
(3) The chairman shall preside at every meeting of the Board and in his absence, the
members present shall elect one of their members to preside at such meeting.
11. Quorum
The quorum for a meeting of the Board shall be five (5) members and no meeting of the
Board shall proceed without a quorum being formed.
12. Voting
(1) The decision of the Board shall be by majority votes of the members present at the
meeting and each member shall be entitled to only one vote.
(2) Where there is equality of votes at the meeting, the Chairman or any member
presiding at such meeting shall have a casting vote.
PART III
STAFF THE AGENCY
15. The General Manager.
(1) There shall be a General Manager of the Agency who shall be a qualified professional
in a discipline relevant to assets management with cognate experience and a
registered member of a professional body where such body exists.
(2) The General Manager who shall be the Chief Executive Officer of the Agency shall-.
(a) hold office under a written contract of service for a term of four years, and on
such other terms and conditions as are specified in the contract of service;
(b) subject to the policy guidelines approved by the Board, direct the activities of the
Board and be responsible for the general administration of the Board;
(c) be responsible for the implementation of the policies and decisions of the Board;
(d) be the accounting officer for the purpose of controlling and disbursing the Board’s
funds;
(e) exercise general supervision and administrative control over staff of the Board;
(f) establish and develop a management structure comprising departments and units
of the Agency;
(g) advise and make proposals to the Board on any matter relating to the functions
and activities of the Agency; and
(h) perform such other duties as may be conferred on him under this Law or as may
be determined by the Board.
(3) Notwithstanding the provision of sub-section (2) of this Section, the Governor may
remove the General Manager from office at any time if in his opinion such removal is
in the interest of the State or the Agency.
PART IV
ASSETS MANAGEMENT
PART V
FUNDS, ACCOUNTS AND AUDIT
30. Funds
The funds of the Agency shall consist of-
(a) such money as may be appropriated to the Agency by the State Government;
(b) such money as may be granted to the Agency from time to time from the Local
Government;
(c) all monies which may vest in the Agency by virtue of any law;
(d) grants from corporate organisations, donor agencies and the private sector; and
(e) any other monies accruing to the Agency from any other legitimate source.
PART VI
OFFENCES AND PENALTIES
34. Offences and Penalties
(1) Any person or organisation who wilfully contravenes or fails to comply with any
provision of this Law commits an offence.
(2) Where an offence under this Law is committed by a User and is proved to have been
committed with the consent, connivance or approval of, or to have been attributable
to any neglect on the part of any person being a Custodian, Director, Manager,
Secretary or any other officer of the User or a person purporting to act in any such
capacity, that person commits an offence.
(3) Where a User commits and offence under this Law, an employee, officer, Director or
agent of the User who authorizes, permits or aids in the commission of the offence
also commits an offence.
(4) A person who commits of an offence under the provisions of this Law is liable on
conviction to a fine not exceeding one hundred thousand naira or confinement for a
term not exceeding one year or both.
35. Defence of due diligence
(1) In proceedings for an offence under this Law, it shall be a defence if the defendant to
prove the following-
(a) that the commission of the offence was due to a mistake or reliance on
information supplied to the defendant or due to the act or default of another
person, or an accident or some other cause beyond the defendant’s control; and
(b) the defendant exercised due diligence and took all reasonable precautions to
avoid commission of the offence.
(2) If the defence provided under sub-section (1) of this Section involves the allegation
that the commission of the offence was due to reliance on information supplied by
another person or to the act or default of another person, the defendant shall not,
without leave of the court, be entitled to rely on that defence unless-
(a) it occurred not less than seven working days before the hearing; and
(b) the defendant has served on the prosecution a written notice providing
information identifying or assisting in the identification of that other person.
PART VII
MISCELLANEOUS PROVISIONS
39. Personal Liability
A member of the Board or Agency shall not be personally liable for any act done or
omitted to be done in good faith in the course of the performance of any of its functions
under this Law.
(2) The provisions of sub-section (1) above shall not apply to-
(a) a communication made by a member of the Board, the general manager, a
member of staff of the Agency or any other authorized person, in the
performance of any of the functions under this Law, being a communication the
making of which was necessary for the performance of any such function; or
(b) the disclosure by a member of the Board or the general Manager, a member of
staff of the Agency or any other authorized person to any member of the Nigeria
Police of Information which in his opinion may relate to the commission of an
offence under this or any other Law.
(3) Nothing in sub-section (1) of this Section shall prevent the disclosure of information
by means of a report made-
(a) to a Board as the case may be; or
(b) by or on behalf of the Board to the Governor.
44. Interpretation
In this Law-
“Asset” means any property, whether moveable or immovable acquired or owned by the
State Government located within or outside Akwa Ibom State and it also includes any real
property owned, leased or otherwise managed by the State within and outside the State;
“Commissioner” means the Commissioner responsible for Works in the State;
“Custodian” means a Ministry, Department or Agency of government who acquired and
is in control of an asset.
“Governor” means the Governor of Akwa Ibom State;
“Law Officer” means a lawyer with the Akwa Ibom State Government under office of the
Attorney-General of the State;
“Portfolio Strategy” means management plans used by the Agency in achieving its goals
and objectives;
“State” means Akwa Ibom State;
“User of Asset” means every Ministry, Department or Agency of Akwa Ibom State.