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May 2024 - Page 5 of 16 - Parliament Reports

Alleged Misappropriation: Cross River State Speaker Ayambem, impeached

Speaker of the Cross River State House of Assembly impeached amidst allegations of misappropriation, House engaged in physical altercations. The Speaker of the Cross River State House of Assembly, Rt. Hon. Elvert Ekom Ayambem, has been impeached following serious allegations of financial misappropriation.  The impeachment, which occurred on Wednesday, saw 17 out of the 25 members of the Assembly support the motion to remove Ayambem from office. The motion for impeachment was initiated by Hon....

Senate set to tackle transmission line vandalisation in North-East 

Senator Kaka Shehu Lawan lamented how some parts of the North East have been in darkness for 2 years.  As a means of addressing the the worrisome cases of transmission lines vandalisation in the North Eastern region of the country, the Senate has urged the Federal Government through the Federal Ministry of Power to as a matter of urgency allocate funds to the Transmission Company of Nigeria (TCN) to address the faults along the Jos-Gombe,...

Reps demand the execution of security resolutions so far in the 10th House 

The House of Representatives has demanded the execution of it’s resolutions on security so far in the 10th House. In a decisive move, the House of Representatives has mandated to match it’s resolutions on security with actions as it has tasked the Clerk of the House to compile all resolutions and forward the compilation to the office of the Security Adviser and the Committee on Legislative Compliance for action. The resolution followed a motion by...

Reps query contractors over abandoned projects linked to NDDC 

The Chairman of the Committee issued the query at the investigative hearing on the abandoned Skill Acquisition Center in Abuja connected to NDDC as well. The House of Representatives Committee on Niger Delta Development Commission (NDDC) on Wednesday lampooned the contractors handling the skill acquisition center at Iwuo Achang, Ibeno Local Government Area of Akwa Ibom State.  Rep. Eugene Dibiagwu (APC, Imo) the Chairman of the Committee issued the query at the investigative hearing on...

FRC, NNPCL go head-to-head over remittances

They have been meeting other agencies like RMFAC and OAGF to resolve disputes regarding their operating surplus remittances but they have never come to FRC for reconciliation. The Chairman of the Fiscal Responsibility Commission (FRC), Victor Mururako, said they had no record of remittances by the Nigerian National Petroleum Company Limited (NNPCL)  which is expected by law. He made this known before the House of Representatives Committee on Finance at a meeting where it placed...

Reps task security agencies on collaboration in fight against insecurity  

These security challenges are not insurmountable. We have already begun interaction with the security agencies to find solutions to these challenges. The House of Representatives Committee on National Security and Intelligence has called on the nation’s security agencies to work closely with the parliament in order to ensure that the primary purpose of governance which is to enhance the security and welfare of the citizenry is achieved. Similarly, the Speaker of the House of Representatives,...

Reps pass for 2nd reading bill to stop public servants from declaring spouse’s assets

Leading the debate on the bill, Raji said the Code of Conduct Act requires every public officer to declare the assets of the spouse, pointing out that this is not in line with the principles of fairness. The House of Representatives on Tuesday passed for a second reading a bill seeking to stop the tradition of public servants declaring the assets of their spouses while declaring theirs. The Bill titled “A Bill for an Amend...

Tinubu submits 2024 NDDC statutory budget proposal to House of Reps

The NDDC budget aims to enhance security, create jobs, empower youth and women, improve social welfare, and boost educational infrastructure. The House of Representatives on Tuesday received the 2024 statutory budget proposal for the Niger Delta Development Commission (NDDC) from President Bola Tinubu.  The proposal was contained in the letter, addressed to Speaker of the House, Rep. Tajudeen Abbas and was presented by Rep. Benjamin Kalu, who presided over the session and said the submission...

CBN increases MPR from 24.75% to 26.25% to conquer inflation

The MPR is the rate at which commercial banks borrow from the economy and often determines the cost of funds. In an ongoing effort to lower inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) decided on Tuesday to increase both the benchmark interest rate and the MPR by 150 basis points, from 24.75 percent to 26.25 percent The MPR is the rate at which commercial banks borrow from the economy...

Herdsmen Attack: Senate set to conduct National summit to tackle insecurity

Senator Isah Jibrin disclosed that the attack claimed over 21 lives and properties in Omala. Given the deteriorating security situation in the country, the Nigerian Senate had resolved to set up an Ad-hoc committee to conduct a national summit to tackle the issues of herdsmen attacks. This is as it urged the National Emergency Management Agency (NEMA) and Humanitarian Affairs to provide relief materials to the affected communities. This resolution followed a motion of urgent...

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