Almost one year after concluding an investigation on oil theft and stalling on the report, another committee of the House of Representatives has vowed to unravel how Nigeria lost over $10bn to the plague in the last 7 months. One year after an ad-hoc committee of the House of Representatives concluded investigation into oil theft and failing to act on a report laid before plenary, another panel of the parliament has begun another probe. This...
Only little information was received about his death but it was learned that Ubah died in a hotel in London, the United Kingdom. He had left for London two days ago. The Senator representing Anambra South under the platform of the All Progressives Congress (APC), Senator Ifeanyi Ubah, is dead. Before joining politics, the late legislator was a wealthy businessman and the owner of Capital Oil. At the time of filing this report, only little...
This week’s Gender Equality and Social Inclusion (GESI) tracker highlights three pivotal initiatives on elderly care, youth welfare and fistula treatment introduced in the House of Representatives, while Sen. Natasha gets an apology from Akpabio over his derogatory nightclub comment Commission coming for the elderly A bill for the establishment of a national commission for elderly persons was brought to the House of Representatives this week. According to Country meters, approximately 3.1% of Nigeria’s population...
The Senate warned that any bank that withholds its tax would be liable to pay 10% in addition to what they ought to have paid. The Senate has passed the Finance Act (Amendment) Bill, 2024 and increased the windfall levy on banks’ foreign exchange revaluation gains from 50% as proposed by President Bola Tinubu to 70%. This followed the consideration and adoption of the report of the senate committee on finance presented by its Chairman,...
COREN, other stakeholders rejected a proposed bill to amend the Industrial Training Fund (ITF) Act 2011 The Council for the Regulation of Engineering in Nigeria (COREN) has rejected a proposed bill to amend the Industrial Training Fund (ITF) Act 2011 to enhance sources of revenue. The President, COREN, Prof. Sadiq Abubakar, said this when he appeared before the House of Representatives committee on industry at a one-day public hearing on a bill titled: “A bill...
Members of the committee vowed to unravel the rot in the petroleum sector and declared that it will no longer be business as usual. The Senate through its ad-hoc committee mandated to investigate alleged economic sabotage in the Nigerian petroleum industry, has summoned various stakeholders in the sector for interrogation. The 15-memeber committee led by the leader of the Senate, Senator Opeyemi Bamidele (APC, Ekiti Central), confirmed this while speaking to journalists on Thursday at...
The bank windfall tax introduced by an amendment of the finance act 2023 is eliciting reactions in the country. But while the government jubiliates and the banks hesitate, what does the development portend for the economy as a whole? The bank windfall tax, a revenue expansion drive by the Nigerian Government, has been the subject of many conversations across the country. Coming on the wake of the huge profits recorded by financial institutions in...
INEC Chairman claimed that giving INEC control over local government election would strengthen democratic practices in Nigeria. Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, has announced the electoral commission’s capability of successfully conducting local government elections if saddled with the responsibility by law. He made this announcement on Thursday during his appearance before the National Assembly joint committee on electoral matters, which is chaired by Senator Sharafadeen Abiodun Alli (APC, Oyo South)...
NMDPRA CEO, Farouk Ahmed, risks facing sanction as the House of Representatives has asked the federal government to suspend him over ‘unguarded statement’ on Dangote refinery The House of Representatives has called on the federal government to suspend Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), pending conclusion of investigations into his ‘unguarded statements’ regarding Dangote refinery. This was a sequel to the adoption of a motion on: “Urgent Need...
Onuigbo, a climate change icon and former representative from Abia state, hails President Tinubu for assenting to the south-east development commission bill Member representing the south-east geopolitical zone on the governing board of the North East Development Commission (NEDC), Rep. Sam Onuigbo, has hailed President Bola Tinubu for assenting to the south east development commission (SEDC) bill sponsored by deputy speaker of the House of Representatives, Rep. Benjamin Kalu, and others. This was contained in...
Please email us - contents@orderpaper.ng - if you need this content for legitimate research purposes. Please check our privacy policy
