Hightlight Archives - Page 28 of 202 - Parliament Reports

The committee chairman, Sen. Wadada, emphasised that the NNPCL probe is a constitutional obligation not a political vendetta. The Senate, through its Public Accounts Committee (PAC), has clarified that the ₦210 trillion financial query raised against the Nigerian National Petroleum Company Limited (NNPCL) in federal audit reports covering 2017 to 2023 does not imply theft, but rather an unaccounted sum that the national oil company must explain. This clarification was issued during a high-stakes investigative...

Embattled Sen. Natasha Akpoti-Uduaghan has now been stripped of her last remaining leadership position within the senate. The senate has officially removed Sen. Natasha Akpoti-Uduaghan (PDP, Kogi central) as chairperson of the Senate Committee on Diaspora and Non-Governmental Organisations, replacing her with Sen. Aniekan Bassey (PDP, Akwa Ibom north-east). The announcement was made by the President of the Senate, Sen. Godswill Akpabio, during Thursday’s plenary, and the decision is to take immediate effect, according to...

The senate expressed shock that CBEX operated unchecked for months despite its large-scale activities and online visibility, with no timely intervention from regulatory agencies. The senate has launched a full-scale investigation into the alarming rise of ponzi schemes across Nigeria, following the collapse of the controversial Crypto Bullion Exchange (CBEX), which allegedly defrauded investors of over ₦1.3 trillion. This followed the adoption of a motion titled “Investigative hearing into the operations of Ponzi schemes in...

The proposed legislation seeks to address a wide range of issues that have emerged since the enactment of the 2023 Electricity Act. The senate has commenced legislative action to amend the Electricity Act, 2023, with the aim of addressing persistent challenges in the power sector, including infrastructure vandalism, policy inconsistencies, financial instability, and regulatory bottlenecks. The amendment bill titled Electricity Act (Amendment) Bill, 2025 was sponsored by Sen. Enyinnaya Abaribe (APGA, Abia South). It scaled...