Members of the committee vowed to unravel the rot in the petroleum sector and declared that it will no longer be business as usual. The Senate through its ad-hoc committee mandated to investigate alleged economic sabotage in the Nigerian petroleum industry, has summoned various stakeholders in the sector for interrogation. The 15-memeber committee led by the leader of the Senate, Senator Opeyemi Bamidele (APC, Ekiti Central), confirmed this while speaking to journalists on Thursday at...
The bank windfall tax introduced by an amendment of the finance act 2023 is eliciting reactions in the country. But while the government jubiliates and the banks hesitate, what does the development portend for the economy as a whole? The bank windfall tax, a revenue expansion drive by the Nigerian Government, has been the subject of many conversations across the country. Coming on the wake of the huge profits recorded by financial institutions in...
INEC Chairman claimed that giving INEC control over local government election would strengthen democratic practices in Nigeria. Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, has announced the electoral commission’s capability of successfully conducting local government elections if saddled with the responsibility by law. He made this announcement on Thursday during his appearance before the National Assembly joint committee on electoral matters, which is chaired by Senator Sharafadeen Abiodun Alli (APC, Oyo South)...
NMDPRA CEO, Farouk Ahmed, risks facing sanction as the House of Representatives has asked the federal government to suspend him over ‘unguarded statement’ on Dangote refinery The House of Representatives has called on the federal government to suspend Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), pending conclusion of investigations into his ‘unguarded statements’ regarding Dangote refinery. This was a sequel to the adoption of a motion on: “Urgent Need...
The minority caucus believes dialogue between the federal government and those planning to protest can be beneficial The minority caucus of the House of Representatives has called on the federal government to immediately initiate dialogue with promoters of a planned protest over economic hardship in the country. This was part of the caucus’ resolution released at the end-of-session dinner held in Abuja on Tuesday. Speaking with reporters after the dinner, chairman of the caucus, Rep....
Members of the House of Representatives will return to legislative business in plenary on September 17, 2024 With a nationwide protest looming in just nine days, the House of Representatives has adjourned for eight weeks to reconvene on September 17, 2024. This decision was announced by Deputy Speaker Benjamin Kalu (APC Abia) during Tuesday’s plenary session. In his closing remarks, Kalu expressed gratitude on behalf of the Speaker, acknowledging the support and unity among members....
Speedy passage of minimum wage, budget raise, and police bills as well as a member’s defection are top highlights of Tuesdays plenary at the House of Representatives Reps pass minimum wage bill, reduces periodic review from 5 to 3 years The House of Representatives has passed a bill to amend the national minimum wage Act, No. 8, 2019 to increase the national minimum wage and reduce the time for periodic review from five years to...
With Senator Onyewuchi’s defection, the number of APC senators has risen to 61, leaving the LP with 6 members, PDP 37, NNPP and SDP 2 members each and APGA 1. Senator Ezenwa Onyewuchi (LP, Imo East) has dumped the Labour Party and defected to the All Progressives Congress (APC). The defection of the lawmaker was announced by the Leader of the Senate, Opeyemi Bamidele (APC, Ekiti Central) during Tuesday’s plenary. Following this announcement, a letter...
IGP Kayode Egbetokun will get to serve a full four-year term following the House of Representatives’ amendment of the Nigeria Police Act, 2020 The House of Representatives has passed the Police Act (Amendment) Bill, enabling Inspector General of Police (IGP) to serve the entire term specified in their appointment letter. This legislative move follows President Bola Tinubu‘s submission of the bill to the House of Representatives aiming to amend the tenure regulations for the IGP....
Akpabio’s apology to Natasha over his “nightclub” gaffe, minimum wage approval and a senator’s defection from LP to APC are major happenings on the floor of the Senate today. Senate passes minimum wage bill The Senate has passed the national minimum wage bill. The bill which was presented in the floor of the Senate at today’s plenary, immediately passed second and third reading. In his lead debate on the executive bill, leader of the...
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