The statement explained that “The law established a Board of Trustees to be known as the State Security Trust Fund Board of Trustees.
“The Board shall – (a) be a body corporate with perpetual succession and a common seal; (b) have power to sue and be sued in its corporate name;
(c) be capable of holding, purchasing, acquiring any property movable and immovable.”
Shehu said, “Unlike the repealed State Security Trust Fund Law 2018, the Kaduna State Security Trust Fund Law 2024 will be private sector driven.”
According to the statement, 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. It is a model for other sub-nationals.
“The signing into law of this important bill, Governor Sani
stated, is a clear demonstration of the state government’s commitment towards degrading terrorists, bandits, kidnappers and other criminal elements who have been laying siege to some communities in Kaduna state”, statement said.
Shehu said further that, “The Security Trust Fund will enable the state government to support local and federal security agencies with equipment and logistics.”
