The Senate committee had observed discrepancies in the accounts of the CAC and was therefore miffed at the continual absence of the CAC boss The Registrar-General of the Corporate Affairs Commission (CAC), Ishaq Hussain Magaji has come under fire from the Senate committee on finance as it has mandated the Inspector-General of Police to compel his appearance before it within 24 hours. The Registrar General had turned down the Senate Committee’s invitation to defend its Commission’s...
The representatives are demanding the adoption of mechanisms to make the Chinese Yuan (CNY) an official foreign exchange reserve currency The House of Representatives has urged for the use of the Chinese Yuan as an official exchange currency as a way to mitigate the continuous depreciation of the naira. This House made this resolution on Wednesday, December 20, 2023, following the adoption of a motion moved by Rep. Jafaru Gambo Leko (Bauchi, APC) on the...
The House has directed its committees on finance and petroleum resources (upstream) to conduct a comprehensive investigation on all NNPCL joint venture operations over alleged $60 billion revenue loss The House of Representatives is set to probe the Nigerian National Petroleum Company Limited (NNPCL) for the alleged loss of $60 billion to inflated cash call payments on Joint Ventures (JVs) over the years. This resolution followed a motion which highlighted the “need to investigate the...
The uncertainty over the representation of two senatorial districts is ended as the Senate eventually declares Umahi, Geidam’s seats vacant The Senate has declared the seats of Senators Dave Umahi and Geidam Ibrahim vacant. This announcement was made on Wednesday during plenary session by the President of the Senate, Godswill Akpabio who presided over the sitting. This is coming 126 days and 140 days since Umahi and Geidam left red chamber respectively. Both men held...
The Senate appropriation chair, however, assured that the committee would search the 2024 budget for money to cover the planned population census The Senate was taken aback by a revelation that there was no provision for the scheduled 2024 population and housing census in the budget proposal of the National Population Commission (NPC). This was disclosed by Chairman, Senate Committee on National Population Commission, Senator Abdul Ningi (PDP Bauchi Central) who informed the lawmakers about...
The House resolved that Nigeria could rake in substantial revenues to fund annual budgets if proper valuation of federal government assets is undertaken The House of Representatives on Tuesday resolved to task relevant authorities to begin the enumeration and valuation of public assets in a bid to ascertain their worth. It also mandated its committees on finance, and public assets to ensure compliance, and investigate the management of assets by Ministries, Departments and Agencies (MDAs)...
Lalong is a former governor of Plateau State and, until his swearing-in, served as minister of labour, employment and productivity The Senate has sworn in Simon Bako Lalong of the All Progressives Congress (APC) as the Senator representing Plateau South Senatorial District in the 10th National Assembly. He was sworn in on Wednesday during plenary to replace Senator Napoleon Bali of the Peoples Democratic Party (PDP). READ ALSO: Senate swears in Akobundu to replace Nwokocha...
The legislators believe the N10billion for out-of-school children was mismanaged and resolved to investigate what went wrong The House of Representatives has resolved to investigate how the sum of N10 billion was disbursed to take out-of-school children off the streets under the President Muhammadu Buhari administration. This decision was sequel to a motion on the “need to investigate funds disbursed for the alternative school programme, better education service delivery for all, at risk children programme...
Both senate committees aligned on the position that N1billion for travel to attract investments was inadequate and called for increased funding for the ministry of trade The Senate has called for more funding to the Ministry of Industry, Trade and Investment (FMITI) to enable officials embark on essential trips to woo investors into the country. This call was made by the Senate committee on trade and investment, chaired by Senator Sadiq Umar (APC, Kwara North)...
The National Assembly joint committee condemned the N9.6 billion 2024 budget allocation of federal ministry of petroleum resources The 2024 budget proposal of the ministry of petroleum resources does not support the renewed hope agenda of President Bola Tinubu, and therfore needs to be increaesd. This was made known during defence meeting of the ministry on Monday, December 18, 2023, at the National Assembly. Members of the National Assembly joint committee described the budget as...
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