Senate Re-Strategizing On AMCON Operations – Sen. Ibrahim

Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibrahim, has disclosed plans by the 8th Senate, under the able leadership of Dr. Bukola Saraki, to do everything it takes to empower the Asset Management Corporation of Nigeria (AMCON) realize the tough mandate given to them by the government and people […]

Senate set up committee to probe Maina

The Senate has commenced investigation of the circumstances surrounding the return of embattled ex-Chairman of the Presidential Task Force on Pension Reforms,  Abdulrasheed Maina, and his reinstatement into the civil service of the Federal Government. The lawmakers at the plenary on Tuesday took turns to condemn those in the administration of President Muhammadu Buhari, who […]

Senate report indicts NNPC, FIRS, Customs, others

…Claims revenue-generating agencies under-remitted N1.7trn in 4yrs  …NNPC operated N3.1trn deficit Shocking revelations emerged at the Senate, yesterday, that almost all  various federal revenue-generating agencies have short-changed the Federal Government to the tune of N1.7 trillion, through under-remittance of revenues generated between 2012 and 2016. It was also discovered that the Nigerian National Petroleum Corporation […]

Senate, World Bank seek end to states’ mismanagement of loans

Leadership of the Senate on Thursday met with officials of the World Bank on how to ensure proper utilisation of loans obtained by state government from the global lender. The Majority Leader of the Senate, Senator Ahmad Lawan, after emerging from the closed-door meeting, told journalists that the World Bank was interested in the judicious […]

Senate passes bill pulling NFIU out of EFCC in 24 hours

Twenty-four hours after the Senate mandated its Committee on Financial Crimes and Anti-Corruption to sponsor a bill seeking autonomy for the Nigerian Financial Intelligence Unit, the bill has emerged. The committee was given four weeks to do its job. Chairman of the panel, Senator Chukwuka Utazi, at the plenary on Thursday presented the bill seeking to establish the […]

Magu: Senate threatens showdown with Presidency

Barring any change, members of the Senate may call for the suspension of consideration and confirmation of appointments by President Muhammadu Buhari over a comment credited to  Acting President, Yemi Osinbajo, that executive appointments did not require legislative approval based on Section 171 of the Constitution. Protests came from the lawmakers when a letter from […]

Senate wants FG to consider 2014 confab report

The Senate has urged the Federal Government to consider the report of the National Conference held in 2014. Specifically, the Senate said it would go through the recommendations made by the confab to determine the solutions to the current agitations across the country. Members of the Senate made the resolution at a plenary on Wednesday […]

Senate dumps N5 fuel levy

•Investigates NNPC on alleged petrol subsidy, scraps FERMA Senate has dumped a proposed National Roads Funds Bill, which recommends increase in pump price of petrol, to fund road projects in the country. Lawmakers also passed a Bill scrapping the Federal Road Maintenance Agency (FERMA) and replaced it with Federal Roads Authority (FRA). The bill, sponsored […]

Senate probes telcos over poor network

The Senate, on Tuesday, mandated its joint committees on Communications and Trade & Investment to investigate increasing rate of dropped calls and other unwholesome practices by telecommunication network operators in Nigeria. The Senate also mandated the Nigerian Communications Commission (NCC) to “invoke the appropriate provisions of the law and other extant agreements to protect consumers […]