The Senate observed a minute of silence in honour of those killed by bandits. The Senate has called on the Inspector General Of Police to ensure the installation of CCTV cameras in strategic locations within and around Abuja highways and other major capital cities to bolster surveillance and deter criminal activities. This is as the Senate resolved to Invite the Commissioner of Police, the Minister of Police Affairs and the FCT Minister to brief the...
President Bola Tinubu sent a request to the Senate requesting the sack of the FCCPC boss The Senate has approved a request from President Bola requesting the sack of the Federal Competition and Consumer Protection Commission Executive Vice Chairman (FCCPC), Babatunde Irukera. This according to President Tinubu is in accordance with Section 8 (1)(b) and (2) of the Federal Competition and Consumer Protection Commission Act, 2018. READ ALSO: Kawu questions Tinubu’s removal of MDGIF boss ...
To carry out an effective investigation into the N30trn Ways and Means, the Senate has set up an ad hoc committee to report back in 4 weeks. The Senate is set to commence an investigation into the payment of N30 trillion “Ways and Means” secured from the Central Bank of Nigeria (CBN) by the immediate past government in the last 10 years and has set up an ad hoc committee to carry out a holistic investigation...
This, according to the Senate is intended at working out practicable templates and implementable modalities for the actualisation of the program. The Senate has urged the Federal Government to introduce the Nigerian version of the Food Stamps program as an interventionist measure to cushion the effects of food insecurity/shortage in the country. It therefore mandated the Federal Ministry of Agriculture to liaise with development partners and other relevant stakeholders, especially the Lagos Food Bank Initiative,...
The Senate proposed a 6-year single term for CBN governors and a one-year notice for the replacement of existing banknotes. The Senate has passed for second reading a bill seeking some amendments to the Central Bank of Nigeria (CBN) Act, including a proposal to increase the Bank’s authorised capital to N1 trillion. The bill also seeks to ensure that the Apex Bank gives a notice of at least one year to replace the existing legal...
Natasha said the investigation should uncover the circumstances that led to the re-concession of NIOMCO, as the initial concession agreement was validly terminated by the Yar’adua administration. The Senate has set up an Ad-hoc Committee to investigate the affairs of Ajaokuta Steel Company Limited and the National Iron Ore Mining Company (NIOMCO) in Kogi State between 2008 to date and to find out the circumstances that led to the re- concession of NIOMCO. This is...
The foreign debt may rise if requests for loans by the Federal Government are approved by the National Assembly with little or nothing to show as to what the loans were used for. The Civil Society Legislative Advocacy Centre (CISLAC) and other Civil Society (CSO) groups have called on the National Assembly to address Nigeria’s revenue shortfalls and tackle the current hardship in the country through urgent legislative measures. The group comprising of the CISLAC...
Rising inflation rates may disproportionately affect the poor due to their limited access to financial services resulting in lower income and higher relative prices of essential goods, thereby increasing poverty overall. It is the dream of every country, developed or underdeveloped, to see equitable advancement in the living standards of its people. This advancement encompasses every element of human pursuits and is the centre of development in the economic sector. Also, it is impossible to...
Senator Sani Musa noted that a fresh implementation of the policy outside the N2.7 trillion should be halted for now. The Senate through its committee on Finance, dumped the stay-of-action position proposed to it by the Federal Inland Revenue Service (FIRS) on the N2.7 trillion Tax Credit Fund required for specific road construction by the Federal Ministry of Works. In an interaction with the Committee the previous week, Zacch Adedeji, the Chairman of FIRS, blasted...
The commission will be in charge of acknowledging and overseeing funds from the Federation Account for the repair and maintenance of houses, roads, and other infrastructure damages suffered by the region as a result of the civil war’s aftermath. The Senate has passed a Bill seeking the establishment of the South East Development Commission. This decision was sequel to the consideration of the bill’s clauses at its Committee of the Whole, chaired by the Senate...
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