Chartered Risk Management Institute bill was enacted after Senator Orker Jev argued it would reduce risk in the everyday life of Nigerians
By Mosope Michaels
The Senate, on Tuesday, June 21, passed a bill to provide the legal framework for the establishment of the Chartered Risk Management Institute of Nigeria.
The passage of the bill was sequel to the consideration of a report on it by the Committee on Establishment and Public Service.
Senator Orker Jev, in a presentation on behalf of the Committee Chairman, Ibrahim Shekarau, who was absent during plenary, said the Chartered Risk Management Institute, upon its establishment, would regulate, control, and manage the risk management profession in Nigeria.
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He explained that the establishment of the institution would, in no small measure, boost and entrench risk management culture in both public and private sectors, as well as reduce risk factors embedded in everyday life.
According to him, “the establishment of the Chartered Risk Management Institute of Nigeria will improve the overall risk consciousness of the nation by means of public education, seminars, and workshops.”
“Existence of a Chartered Risk Management Institute will provide effective oversight and sharing of Information on risk management matters and tools that promote good practice among members”, he added.
The bill was passed after a clause-by-clause consideration by the Committee of the Whole.
Meanwhile, the wave of defection that hit the ruling All Progressives Congress (APC) when two senators, Senate Majority Leader, Yahaya Abdullahi and Senator, Adamu Aliero, both from Kebbi State, defected to the Peoples’ Democratic Party (PDP) has continued.
At the plenary today, another three APC senators also resigned their membership of the ruling party
The lawmakers are Senators Ahmad Babba Kaita (Katsina North), Lawal Yahaya Gumau (Bauchi South), and Francis Alimikhena (Edo North).
