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Hightlight Archives - Page 166 of 203 - Parliament Reports

Tributes as President Tinubu, Gbajabiamila mourn Na’Abba

The president and his chief of staff join others to mourn Na’Abba, the former Reps speaker who passed earlier today The Nigerian presidency has expressed sadness over the death of former House of Representatives Speaker, Ghali Umar Na’Abba, who died in the wee hours of Wednesday, 27 December 2023.  President Bola Tinubu, in a statement to mourn Na’Abba issued by Ajuri Ngelale, his Special Adviser on Media & Publicity, described the late speaker in glowing...

Na’Abba: OrderPaper recalls last encounter with late speaker

The late House of Representatives Speaker, Ghali Umar Na’Abba, will be remembered for being fierce, fearless, and forthright A former Speaker of the House of Representatives, Ghali Umar Na’Abba, is dead. Na’Abba died at the age of 65 in Abuja. Mr Ahmed Tijjani Lawal, an aide to the deceased, disclosed this to the News Agency of Nigeria (NAN). The second Speaker of the House of Representatives in the current 4th Republic died in the wee...

SPOTTED: 10 motions in 6 months of the 10th House

10 motions of the 500 so far taken in half a year of the 10th House of Representatives offer a glimpse into how citizen-centric the green chamber is. It also speaks of the resolve of the chamber to see matters to reasonable conclusion It is about six months since the 10th House of Representatives was inaugurated on the 13th of June 2023. As legislators took time to settle in and went about their duties, Nigerians...

INSIGHT: Oil price benchmark and the excess crude account

Despite marginal and sometimes substantial differences between budgeted oil price benchmark and average sales every year, the excess crude account is constantly depleting Every year fiscal benchmarks are set by the Nigerian government, usually for the following budget year and for the succeeding three years in the case of the Medium-Term Framework (MTEF). The benchmarks cover a variety of elements ranging from the anticipated naira to dollar exchange rate, crude oil production in barrels per...

Oil Theft: Reps wade into naval tussle with pipeline security firms 

The representatives fear the escalating conflict between the navy and pipeline security firms contracted by the NNPCL could defeat the move to check oil theft in the delta The House of Representatives has resolved to wade into the increasing confrontation between the Nigerian Navy and private security firms contracted for pipeline security services in the Niger delta. The House accordingly mandates its special committee on oil theft in the the Niger Delta to investigate the...

Reps to probe looting of natural resources fund

The motion called for the probe of alleged diversion of billions from the natural resources development fund over the years The House of Representatives is set to investigate the usage of funds in the National Resources Development Fund established for the advancement of the solid minerals sector from 2002 to 2023. The House made this resolution at plenary on Thursday, December 21, 2023, following the adoption of a motion on the “need to investigate the...

Naira Scarcity: CBN warns banks, POS operators over alleged collusion

The apex bank encourages members of the public to report hoarding through a specially created online channel as it moves to arrest naira scarcity The Central Bank of Nigeria (CBN) has warned commercial banks and Point-Of-Sale (PoS) operators against collusion in creating artifical scarcity of the naira. This comes on same day the House of Representatives called on the CBN to disrupt the activities of POS operators who charge exorbitant fees to provide naira notes...

Reps: Banks aiding sale of naira notes by POS operators

The House is set to investigate the failure of commercial banks to pay customers over the counter forcing them to patronize POS operators who sell naira notes at exorbitant prices  The House of Representatives has resolved to investigate the sale of naira notes at exorbitant price by Point-of-Sale (POS) operators across the country.  The House expressed concern over the failure of commercial banks to pay customers over the counter, thus forcing them to resort to...

In accelerated approval, Senate extends 2023 budget by 3 months

The senate extended implementation of the 2023 budget till March 31st 2024, to allow MDAs to utilise capital releases which would otherwise be returned to treasury The Senate has granted an accelerated passsage to an amendment of the 2023 budget and the supplementray money bill passed last November. The rationale is to extend the implementation of the 2023 budget till March 31, 2024 so that Ministries, Departments, and Agencies (MDAs) of the Federal Government some...

Senate confirms Tsammani, 10 others as Supreme Court Justices

President Tinubu had ealier requested the Senate to screen and confirm 11 justices recommended for the Supreme Court bench. The Senate has confirmed the appointment of 11 Justices recommended for the Supreme Court. The confirmation followed the consideration of a report of the screening and approval of the nominees presented by the Chairman, Senate Committee on Judiciary, Human Rights and Legal matters, Senator Mohammed Tahir Monguno (APC, Borno North) during Thursday’s plenary. In his contribution,...

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