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Leah Fatima Twaki

National Grid: Reps to probe investment and foreign grants on renewable energy since 2015

The House of Representatives has resolved to investigate MDAs associated with investments of foreign grants received for the renewable energy sector from 2015. The House of Representatives has called for a comprehensive investigation of Ministries, Departments, and Agencies (MDAs) of the government associated with the investments and foreign grants received for the renewable energy sector from 2015 to date. This resolution followed a motion by Rep. Jesse Okey Joe Onuakalusi (LP Lagos) on the “Need...

Reps introduce amendment bill to fiscal responsibility law

The FRA 2024 bill has passed for first reading at the House of Representatives  The House of Representatives on Wednesday read and passed for the first reading the Fiscal Responsibility Act, (Repeal and Enactment) Bill, 2024 (HB. 1478). It was sponsored by the Deputy Speaker of the House, Rep. Benjamin Okezie Kalu (APC Abia), and Co-Sponsored by the majority leader, Rep. Julius Ihonvbere (APC Edo), Rep. Mansur Manu Soro (PDP Bauchi), Rep. Lawan Ali Shetima...

Reps to probe NNPC over frontier exploration fund

The state oil company has once again come under negative spotlight as the House of Representatives resolved to probe alleged misuse of frontier exploration funds  The House of Representatives has resolved to launch an investigation into the activities of the Nigerian National Petroleum Company Limited (NNPCL) over alleged illegal expenditure of the frontier exploration fund.  The investigation, ordered on Wednesday, follows a motion of urgent importance presented by Rep. Billy Osawuru (APC, Edo).  Osawuru’s motion...

Heritage: CBN denies reports of more bank license revocations

The apex bank said reports trailing the revocation of the license of Heritage bank were untrue and assured that the Nigerian financial system remains safe, sound and resilient The Central Bank of Nigeria (CBN) has dismissed reports suggesting a plan to revoke the licenses of three additional banks following its regulatory action against Heritage Bank Plc on Monday, June 3, 2024. Acting Director of Corporate Communications of the apex bank, Mrs. Hakama Sidi-Ali, revealed this...

Reps address depositors’ fears over Heritage Bank license revocation

The House of Representatives has assured the safety of depositor’s funds following the revocation of Heritage Bank’s license by CBN. The House of Representatives has assured the public of the safety of depositors’ funds following the Central Bank of Nigeria’s (CBN) decision to revoke Heritage Bank’s license and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the liquidators as stipulated by the Banks and Other Financial Institutions Act (BOFIA). The House urges the...

Organised Labour makes a U-turn, puts strike on hold for 5-days

Despite initially gearing up for a significant strike to pressure the government, organized labour called off the nationwide strike just 24 hours in, opting for a five-day pause.  The Organized Labour has suspended its nationwide strike for five days to facilitate uninterrupted meetings with the tripartite committee on the new national minimum wage. This announcement was made by the President of the Trade Union Congress (TUC), Festus Osifo, on Tuesday in Abuja, following a joint...

National Assembly intervenes to prevent nationwide strike by Labour unions

Akpabio and Abbas to mediate between the federal government, NLC and TUC to avert Monday’s nationwide Labour strike  The leadership of the National Assembly has announced its intention to mediate between the Federal Government and Organised Labour to prevent an indefinite nationwide strike set to begin on Monday, June 3, 2024. This was revealed in a joint statement on Sunday by Senator Yemi Adaramodu, Senate Spokesman and Rep. Akin Rotimi, Jr. House Spokesman. They urged...

House Committee queries NIPC over N3.15b expenditure discrepancies

How can you tell me that NIPC generated N2.89 billion and on record, you spent N3.15 billion we asked, where did you get the money and who gave you the authority to spend above the budget? The House of Representatives Committee on Finance has raised concerns over the financial operations of the National Investment Promotion Commission (NIPC) after the agency reported an expenditure of N3.15 billion despite submitting a revenue of N2.89 billion for the...

25 Years of Unbroken Democracy: Lawmakers debate successes and failures

Rep members shared divergent views at the special joint session of the Senate and House making 25 years of unbroken democracy In a joint session held on Wednesday, members of Nigeria’s House of Representatives expressed divergent views on the achievements and challenges of the country’s 25 years of uninterrupted democracy. The session highlighted contrasting perspectives on the state of the nation and its democratic journey. Rep. Julius Ihonbvere (APC Edo), the Leader of the House,...

May 29: Nigeria we hail thee officially the new National Anthem

“The singing of the new national anthem speaks to our diversity and represents how well we blend together,” The Senate President, Godswill Akpabio, announced that President Bola Tinubu has signed the new national anthem, “Nigeria, We Hail Thee,” into law. This historic moment was revealed during a joint session of the Senate and House of Representatives, marking 25 years of unbroken democracy in Nigeria. Senator Akpabio, in his address, expressed gratitude to the president for...

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