The Senate on Wednesday re-introduced a Bill seeking to establish the South East Development Commission (SEDC).

The bill, which scaled first reading on the floor, was passed by the Eight Senate but failed to receive presidential assent.

Clause 15 (2a) of the bill which identifies source of funding for the commission, stipulates that the equivalent of 10% of the total monthly statutory allocation due to the member states of the commission shall be from the federation account.

The bill sponsored by Senator Stella Oduah (PDP, Anambra North) also seeks the establishment of a governing board for the commission which shall include one person for the other geopolitical zones in the country.

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