“ And on conviction the persons shall be liable jointly and severally to a minimum of 20 years imprisonment without an option of fine.

“The court shall also award appropriate compensation to the victim as it may deem fit in the circumstance,’’ according to the bill.

Similarly, a bill for an Act to amend the 1999 Constitution to correct a fundamental spelling error in the name of Atisbo Local Government Area of Oyo State was passed.

The sponsor of the bill, Sen. Ayo Agboola (PDP-Oyo), averred that the error had affected the status of the local government, its peoples and adjoined towns.

The bill did not attract any objection and therefore made to scale through second reading.

Senator David Mark

In a related development, the bill for an Act to repeal the Insurance Brokers Act of 2003 was stood down for further consultation to be made.

Sen. Adegbenga Kaka (APC-Ogun), sponsor of the bill, held that legal document when approved would bestow the insurance industry a robust network to grow the sector.

According to him, the bill seeks for insurance and broken companies to be registered in personal names.

Kaka said the document made liability owners to become limited, adding that the Board would therefore become more responsive and diligent.

He said the proposed Act had raised the share capital in the industry to N10 million as against the former N5 million.

NAN reports that the bill had also jerked up the indemnity cover from N10 million to N100 million for effective performance.

On his part however, Sen. Ita Enang (PDP-Akwa Ibom) countered some of the issues raised in the document.