The challenges faced by Nigerians in the diaspora that necessitated the establishment of NIDCOM remain unresolved and have worsened. The House of Representatives on Thursday tasked President Bola Tinubu to give effect to the provisions of Section 2 (1) of the NIDCOM Establishment Act, 2017 by constituting the Board of the Nigerians in Diaspora Commission (NIDCOM). The House also asked the President to inaugurate the Board after their confirmation and charge it to immediately address...
“Anything regarding concession should be suspended pending the outcome of everything that we are doing here. This goes to all the agencies.” The House of Representatives has asked all Ministries Departments and Agencies (MDAs) of government to suspend all concession processes they are involved in until its ongoing investigation is concluded. The Joint House Committee on Public Assets and Special Duties, chaired by Rep. Kabir Tukura Ibrahim (APC, Kebbi) gave these directives during its inaugural...
The bill seeks to amend the Nigeria Deposit Insurance Corporation Act No 63 of 2023 to make the Corporation more effective, safeguard its independence and autonomy and bring it in line with current realities and best practices. The Senate has passed for second reading, a bill seeking to guarantee the autonomy and independence of the Nigeria Deposit Insurance Corporation (NDIC). This followed the presentation of the lead debate on the general principles of the bill...
According to Eke, it was as a result of his current job role as a Consultant to the World Bank which was conflicting with the appointment. A nominee for the Central Bank of Nigeria (CBN) Board, Urum Kalu Eke, has rejected the appointment of President Bola Ahmed Tinubu. The nominee’s rejection of the appointment was revealed following the presentation of a report by the Committee on Banking, Insurance and Other Financial Institutions presented by its...
The current state of food scarcity in Nigeria poses a grave threat to the health and livelihoods of millions of people. The House of Representatives has resolved to urgently convene a National Summit on Food Security and Nutrition in conjunction with the House Committee on Agriculture Production and Service and the Committee on Agriculture College and Institutions to address the current shortage of food and nutrition dangers to find lasting solutions to the food crises...
The House mandated an urgent investigation into the non-remittance of tax revenues of about N1.8 trillion by Multichoice with a focus on the suppression of information discovered from their submissions in their home country. The House of Representatives has cautioned potential buyers of Multichoice Nigeria, Multichoice Africa or any other Subsidiaries of the Multichoice Group operating in Nigeria to be aware of the alleged outstanding indebtedness of $342 million tax revenue owed to the Federal...
The majority of the Senators, in their contributions, kicked against Nwoye’s argument because States like Kogi and Lagos States are not covered by NDDC operations. The Senate has rejected a bill seeking to include Anambra State as a member of the Niger Delta Development Commission (NDDC). The bill titled, “A bill for an Act to Amend the Niger Delta Development Commission (NDDC) Act to make provisions for the inclusion of Anambra State as one of...
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 ...
The decision by CBN to raise the Monetary Policy Rate (MPR) marked a substantial adjustment aimed at addressing the persistent inflationary challenges faced by the country. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 per cent from 18.75 per cent. In a pivotal move, the Apex Bank announced a significant shift in its monetary policy during the...
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