LEGISLATURE

The N2.2 trillion injected into 10 bridged banks by the Asset Management Corporation of Nigeria (AMCON) was not backed by any collateral, the AMCON Chief Executive Officer, Ahmed Kuru, has said. The development, he said, had made recovery of the funds very difficult. Kuru said…

It was a mild drama at the National Assembly when the Minister of Power, Chief Adebayo Adelabu, was bewildered when power went off while he was making a presentation in defense of the N344 billion budget for the power ministry. Lawmakers at the…

The Senate on Tuesday announced President Bola Tinubu’s request seeking the confirmation of the nomination of 19 commissioners of the National Population Commission (NPC). The appointees are: 1. Emmanuel Eke (Abia) 2. Clifford Zirra (Adamawa) 3. Chidi Ezeoke (Anambra) 4. Isa Buratai (Borno) 5. Alex Ukam (Cross River) 6.…

The Debt Management Office (DMO) on Friday, December 8, told the House of Representatives Committee on Appropriation that unless the revenue generating agencies in the country increase revenue generation and contributions to government treasury, the government will continue to borrow to fund…

Members of the National Assembly joint committee on the Interior Thursday described as unacceptable, revelations by the authorities of the Nigerian Correctional Service that it spends more money to feed  dogs than the inmates. The Controller General of the NCS Haliru Nababa disclosed…

The House of Representatives Committee on Public Petitions has issued a warrant of arrest against the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for refusing to appear before it to answer questions on the oil sector. The panel also ordered the arrest of…

The Economic and Financial Crimes Commission, (EFCC) on Tuesday, December 5, 2023, presented a budget of N76.586billion (Seventy Six Billion, Five Hundred and Eighty Six Million Naira) as its budget proposal for 2024 to the House of Representatives’ Committee on Financial Crimes. The…

Senator Adams Oshiomhole(Edo North) has decried the misappropriation of the contributory pension funds by Governors and the Federal Government, saying both parties were ignoring loans offered by commercial banks and going for the workers fund, owing to the very low interest rate. He…

The Public Accounts Committee, PAC, Of the  House of Representatives currently investigating Ministries Departments and Agencies MDAs of the Federal Government on the alleged mismanagement of COVID-19 intervention funds from 2020-2022 has queried the Federal Ministry of Water Resources for reportedly sinking …