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 Speaker eulogised the Ghali Na’ Abba in a valedictory session describing him as a leader with an impeccable leadership style. The Speaker of the House of Representatives, Rep. Tajudeen Abass (APC, Kaduna) on Thursday showered encomium on the late Speaker of the 4th Assembly, Umar Ghali Na’ Abba, in a valedictory session to pay tribute to the deceased, qualifying him as a true democrat who displayed resilience and put the interest of the masses...
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...
Senator Abiru said that all of the CBN MPC nominees had received clearance from security agencies and that the panel had not received any petitions objecting to their nominations. The Senate, on Thursday, confirmed the nominations of 12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) following the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions. CBN governor, Olayemi Cardoso, was confirmed as MPC chairman. Those confirmed as members are: Muhammad...
The majority of Senators heavily opposed the bill, arguing that it would stop the career progression of junior staff and halt the employment of young Nigerians. The Senate has stepped down a controversial bill seeking to extend the retirement age for civil servants in Parliament and across the 36 State Houses of Assembly. The bill, if scaled through, would extend the service years of over 200 workers who are due to retire between 2024 and...
Saraki commended the 10th Senate for their efforts, emphasizing the significance of legislative oversight and the responsibility to advocate truth and represent the people. Former President of the 8th Senate, Bukola Saraki, took to Twitter to express his views on the ongoing probe in the 10th Senate, reflecting on the principles of transparency and accountability established during his tenure. Recalling the 8th Senate’s commitment to transparency, Saraki reminisced about their scrutiny of foreign loan requests...
Emefiele has vowed to sue the Senate President, Godswill Akpabio, for alleged defamation and demanded an apology in written form and published in the media. The immediate-past Central Bank of Nigeria Governor (CBN), Godwin Emefiele, has vowed to sue the Senate President, Godswill Akpabio, for alleged defamation. The Senate president had at Senator Barinada Mpigi’s thanksgiving service in Koroma, Tai Local Government Area, Rivers State on February 18, stated that President Bola Tinubu’s administration did...
The House also mandated the Council to stay action on the matter of school fees owing to the economic situation in the country. The House of Representatives has called on the Council of Legal Education to immediately halt the planned increment of the fees at Nigerian Law School urging it to stay action on the matter owing to the economic situation in the country. The decision was a sequel to the adoption of a motion...
The Senate urged the federal government to permit the importation of Cement as a temporary fix. The Senate has decided to investigate the country’s rising prices for cement and other building supplies. To determine whether monopolistic or market manipulation tactics are to blame for the price increase, the Red Chamber instructed its Committee on Industries, led by Senator Francis Fadahunsi (APC, Osun East), to look into the operations of the nation’s cement manufacturing industries. Additionally,...
A bill for the establishment of the North Central Development Commission also scaled second reading in the Senate. The Senate has passed for second reading, a bill seeking to establish the South West Development Commission, SWDC. This was a sequel to the consideration of the document titled, “A bill for an act to Establish the South West Development Commission charged with the responsibility among others to receive and manage funds from allocation of the Federation...
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