The House of Reps has given the Fire Service 7 days to return the sum of N1.4bn COVID-19 funds to the federation account. The Public Accounts Committee (PAC) of the House of Representatives has ordered the Federal Fire Service (FFS) to refund the sum of N1.484 billion released to it for the COVID-19 intervention fund within Seven days to the federation account. The directive of the PAC on Wednesday was a sequel to the failure...
The Senate Committee on Banking, Insurance, and Other Financial Institutions held an emergency closed-door meeting to address the financial crises of the country. The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has been summoned by the Senate to speak on the status of the economy and the free flow of Naira on the foreign exchange market next Tuesday. In response to the Naira’s collapse to N1,520 to the US dollar, the Senate...
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