The Central Bank of Nigeria (CBN) has been given 14 days ultimatum by the House of Representatives to remit N3.64 trillion unpaid operating surplus to the Federal Government The House of Representatives has issued a 14-day ultimatum to the Central Bank of Nigeria (CBN) to remit ₦3.64 trillion to the Federal Government, representing 70 percent of an outstanding ₦5.2 trillion in unpaid operating surplus for the period covering 2016 to 2022. This directive followed a...
The House committee on alternative education has emphasised the urgent need to empower Nigerian youths through structured vocational and entrepreneurial training The House of Representatives has taken a bold step to combat youth unemployment through structured alternative education, as it began deliberations on a bill seeking to establish vocational and skills training centres in all 774 local government areas of Nigeria. Speaking at a maiden public hearing on the proposed legislation recently, Chairman of the...
The House Ad-hoc Committee is set to investigate the implementation of Nigeria’s Compressed Natural Gas (CNG) policy The House of Representatives has inaugurated an ad-hoc committee to investigate the implementation of Nigeria’s Compressed Natural Gas (CNG) policy. Chairman of the committee, Rep. Ahmadu Jaha (APC–Borno), who spoke during the inauguration ceremony in Abuja recently, said that the mandate included assessing the safety, viability and sustainability of the CNG policy in Nigeria. He noted that a...
This class of leaders has traversed either the red and green chambers of the National Assembly, gaining not just lawmaking experience, but a mastery of Nigeria’s complex political terrain. For much of Nigeria’s democratic journey since 1999, executive power has often been portrayed as the pinnacle of political ambition, overshadowing the legislature, which, though constitutionally co-equal, has struggled to match the influence and visibility of governors and presidents. However, a deeper exploration of Nigeria’s Fourth...
The committee viewed the request for a two-month deferral as a deliberate stalling tactic, potentially indicating an unwillingness or inability to address the troubling findings. The Senate Committee on Public Accounts (SPAC) has issued a 10-working-day ultimatum to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, demanding full responses to 11 critical financial audit queries relating to the company’s operations between 2017 and 2023. This stern directive, announced...
With the senate’s confirmation, the three commissions are expected to commence full operations in line with their respective establishment acts. The senate has confirmed the appointments of key officials to steer the affairs of three newly established regional development commissions – the South West Development Commission (SWDC), the South-South Development Commission (SSDC), and the North Central Development Commission (NCDC). The confirmations were made during Thursday’s plenary following the consideration and adoption of reports presented by...
President Tinubu has rejected the NDLEA Act amendment bill citing departure from the current legal framework President Bola Tinubu has withheld assent to the National Drug Law Enforcement Agency (NDLEA) amendment Bill 2025. In a communication read by the Speaker of the House of Representatives, Rep. Tajudeen Abbas during plenary on Thursday, the president cited constitutional grounds for his decision, referencing section 58, subsection 4 of the 1999 Constitution (as amended). The president explained that...
In a significant step towards overhauling Nigeria’s fiscal framework, President Bola Tinubu signed into law four key tax reform bills President Bola Tinubu has signed into law four key tax reform bills aimed at unifying tax administration, improving revenue generation, and enhancing the country’s business climate. The bills were signed on Thursday at a brief but symbolic ceremony held at the Aso Rock Presidential Villa in Abuja at about 3:20pm, in the presence of top...
The House of Representatives has launched an investigation into the Nigeria Police Force over alleged illegal barracks sales, contract scams, diversion of security funds The House of Representatives has ordered an urgent investigation into alleged massive corruption within the Nigeria Police Force (NPF), including illegal sales of barracks, contract racketeering, and the diversion of over ₦50 billion meant for critical security operations. The decision followed a motion of urgent public importance adopted during Thursday’s plenary,...
The bill authorises the issuance of a total sum of ₦1,485,662,592,442 from the Consolidated Revenue Fund of Rivers State for the 2025 fiscal year, ending 31 December 2025. The senate has approved the sum of ₦1.485 trillion as the 2025 budget for Rivers state, marking a major milestone in the federal government’s ongoing emergency administration of the oil-rich south-south state. The passage followed the consideration and adoption of the report of the senate ad-hoc committee...
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