8. Joint Committee on Establishment and Public Service; and Finance:
Report on the Chartered Institute of Management Accountants Bill 2010 (SB.04):
Motion Mode: That the Senate do receive the Report of the Joint Committee on Accountants Bill 2010 (Senator Muhammed I. Ahmed – Kwara North).

Question put and agreed to.

Report Presented.

Motion Mode: That the Senate to resolve into Committee of the Whole to consider the Report (Senate Leader).

Question put and agreed to.

(SENATE IN COMMITTEE OF THE WHOLE)

A BILL FOR AN ACT OF ESTABLISHMENT OF THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS OF NIGERIA TO PROVIDE FOR THE CONTROL OF ITS MEMBERSHIP AND TO PROMOTE AND FOSTER THE PRACTICE OF THE ARTS AND SCIENCE OF MANAGEMENT ACCOUNTANCY IN THE FEDERATION AND FOR OTHER PURPOSES CONNECTED THEREWITH

Question: That the Senate do approve the Report of Committee of the Whole – Resolved in Affirmative.

Motion mode: That the Bill be now read the Third Time (Senate Leader).

Question put and agreed to.

Bill accordingly read the Third Time and Passed.

EXPLANATORY MEMORANDUM
This bill seeks to provide for the establishment of the Chartered Institute of Management Accountants to provide for the control of its membership and to promote and foster the practice of the profession of management accountancy in the Federation.

THIS BILL WAS PASSED BY THE SENATE ON THURSDAY, 4TH NOVEMBER, 2010