…Stands on February 10, 2023 Deadline for Legal Status of Old Banknotes The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured that no Nigerian will lose money under the Naira redesign project, adding that the project is in the overall interest of Nigerians and...
House of Representatives
The House of Representatives Ad-hoc Committee on New Naira Re-design and Naira Swap Policy has rejected the 10 days extension announced by the Central Bank of Nigeria (CBN) for the exchange of old naira notes. The Chairman of the committee, Rep. Ado Doguwa (APC-Kano), in a statement on Sunday,...
Operators of Commercial Banks in the country have countered the Central Bank of Nigeria (CBN) over claims that the commercial banks have enough naira notes in their kitty but hoarding them. The banks countered the CBN when their officials appeared before the House of Representatives ad hoc committee investigating...
The Speaker of the House of Representatives, Femi Gbajabiamila, has threatened to issue a warrant of arrest on the Governor of the Central Bank of Nigeria, Godwin Emefiele if he fails to appear before its committee investigating the scarcity of the new naira at the Commercial banks. Some Nigerians...
The House of Representatives has summoned bank operators and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on the scarcity of the new naira notes. The News Agency of Nigeria (NAN) reports that the bank operators are to appear on Wednesday, while the CBN governor will...
The House of Representatives has urged the Nigerian Petroleum Development Company (NPDC) to suspend its planned auction of the oil mining licence (OML) 11 asset. This followed the adoption of a motion of urgent national importance by Rep Victor Mela (APC-Gombe) at plenary in Abuja on Wednesday. Moving the...
The House of Representatives has approved President Muhammadu Buhari’s request of N819.54bn domestic loan meant to fix the infrastructure destroyed by floods across the country. The approval followed the adoption of a report presented by the Chairman House Committee on Appropriation, Rep. Muktar Betara, at the plenary on Wednesday....
The House of Representatives has called for a ban on police officers from consuming alcohol and other hard substances capable of inhibiting their sense of reasoning. Adopting the motion, the lawmakers while agreeing that the Nigerian police act on the general conduct of the police officers should be reviewed,...
The controversy surrounding the bill to repeal the National Information Technology Development Agency Act continued at the hurriedly arranged joint public hearing by the Senate and House of Representatives Committees on ICT and Cyber Security held in the Senate on Friday. Other formalities such as the declaration of hearing...
e Central Bank of Nigeria (CBN) has urged the National Assembly to support its implementation of transformational payments and financial industry initiatives in line with the mandate of the apex bank. The CBN Governor, Mr Godwin Emefiele, made the call in his briefing to the House of Representatives plenary...
A clandestine move by the Joint Senate and House Committee on Information Communications Technology, ICT, to pass a controversial bill concerning the Nigerian Information Technology Development Agency, NITDA, has attracted harsh responses from the industry. Controversy began after an invitation for a public hearing, jointly signed by the Clerks...
The Central Bank of Nigeria (CBN) says its policy of cash withdrawal limit is not based on politics, contrary to insinuations. Mrs Aisha Ahmad, the Deputy Governor, CBN, said this in Abuja on Thursday when she answered questions from lawmakers at the House of Representatives during plenary. Ahmad, who...
The House of Representatives has passed for second reading a Bill for an Act to amend the Violence Against Persons (Prohibition) Act, 2015 to increase the penalty for the offence of female genital mutilation. Rep. Ganiyu Johnson (APC-Lagos), who sponsored the bill during plenary in Abuja on Wednesday, sought...
The House of Representatives has approved the Federal Government 2022 N95.26 billion budget for its Power Company. This followed the adoption of the report of the House Committee on Power at plenary on Wednesday. Presenting the report, the Committee Chairman, Rep. Magaji Da’u Aliyu, said that the budget was...
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmoud Yakubu, on Friday sought the nod of the House of Representatives to classify its facilities as high security facilities across Nigeria. Yakubu made the appeal in Abuja during the investigation hearing of the the ad-hoc Committee Investigating the...
The Speaker, House of Representatives, Femi Gbajabiamila, has said that it was doubtful that the current constitutional amendment effort would be concluded before the expiration of the 9th Assembly. He made the call at the “2022 Parliamentarians Lecture” organised by the National Institute for Legislative and Democratic Studies (NILDS)...
The House of Representatives on Thursday summoned the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emiefele over the bank’s new cash withdrawal policy. This followed the adoption of a motion of Urgent Matter of Public Importance by Rep. Aliyu Magaji (APC-Jigawa) at plenary. The House urged the governor...
The National Security Adviser (NSA), retired Maj.-Gen. Babagana Monguno, on Tuesday, inaugurated 11 man Special Investigative Panel on Oil Theft/Losses in Nigeria. The panel, which is chaired by the Interim Administrator, Presidential Amnesty Programme, retired Maj.-Gen. Barry Ndiomu, has seasoned administrators and retired top military and police officers as...
The House of Representatives on Tuesday asked the Minister of Humanitarian Affairs and Disaster Management, Hajiya Sadiya Farouk to quit as minister if she was not ready for the job. This followed her incessant failure to appear before various Committees of the House to defend the ministry’s 2023 budget...
The House of Representatives on Wednesday grilled Shell Petroleum Development Company of Nigeria, Total Energies and First E and P over alleged tax evasion. The companies appeared before the ad hoc Committee investigating the Structure and Accountability of the Joint Venture (JV) Business and Production Sharing Contracts (PSCs) of...