Gov Sani signs security trust fund bill into law

From: Femi Oyelola, Kaduna

The Governor of Kaduna State Senator Uba Sani has signed into law the Kaduna State Security Trust Fund Bill 2024. The Bill repealed the State Security Trust Fund Law No.22, 2018.
This was contained in a statement by Chief Press Secretary to the Governor Muhammad Lawal Shehu and made available to the media in Kaduna yesterday.
The statement stated that the objectives of the legislation are to provide money for the acquisition and deployment of security equipment, human, material and financial resources.
The statement further stated that the law established a Board of Trustees to be known as the State Security Trust Fund Board of Trustees.
“The Board shall be a body corporate with perpetual succession and a common seal; and power to sue and be sued in its corporate name.
“Be capable of holding, purchasing, acquiring any property movable and immovable.”
Unlike the repealed State Security Trust Fund Law 2018, the Kaduna State Security Trust Fund Law 2024 will be private-sector driven. Representatives of the private sector will play a prominent role in the management of the Fund. The private sector representatives will manage the Fund in collaboration with other critical stakeholders in the security sector. The new Law is also designed to align with global best practices.