The Senate on Wednesday re-introduced a Bill that seeks to
establish the South East Development Commission (SEDC).
The SEDC Bill was sponsored by the Senator representing Anambra
North, Stella Adaeze Oduah.
The Bill, which scaled first reading Wednesday was earlier
passed by the Eight National Assembly but was not assented to by
President Muhammadu Buhari.
The Commission when established is expected to receive and
manage funds from allocation from the federation for the
rehabilitation, reconstruction and reparation for lost houses and
business of victims of the Nigerian Civil War.
The commission would also address any other environmental or
developmental challenge and for related matters in the
geo-political zone.
Clause 15 (2a) of the Bill which identifies source of funding
for the commission, stipulated that the equivalent of 10 per cent
of the total monthly statutory allocation due to the member states
of the commission shall be from the Federation Account.
The Bill also seeks the establishment of a governing board for
the commission which shall include one person each from the other
five geopolitical zones of the country.
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