After a delayed plenary on Wednesday, the Senate asked the Central Bank of Nigeria (CBN) to considerably adjust its recently announced cash withdrawal limits in response to the public outcry against the new policy. The upper chamber, in its resolution, also asked its Committee on Banking and Finance to...
Senate
The Senate has referred to its Committee on Niger Delta Affairs for screening, the confirmation of the appointment of Lauretta Onochie as the substantive Chairperson, Board of the Niger Delta Development Commission (NDDC). Also referred for screening are 14 others as members of the commission. The resolution followed the...
The Senate has postponed its debate on the cash withdrawal policy by the Central Bank of Nigeria (CBN) till Wednesday, December 14, 2022. This is because of the absence of the Chairman of the Committee on Banking and Finance, Senator Uba Sani, who is away attending the All Progressives...
The Central Bank of Nigeria (CBN) on Friday offered explanation to Senate Committee on Banking, Insurance and other Financial Institutions on need for the cashless policy, limiting cash withdrawal for individuals at N100,000 and Corporate Bodies N500,000 per week. The policy, as explained by Deputy Governor of CBN on...
By JOY ADARA, Abuja – The Nigeria Navy has debunked reports making the rounds that it indicted the Nigeria National Petroleum Corporation (NNPC) Limited of exaggerating figures of crude oil theft in the Niger Delta region. The Navy Director of Information, Commodore, AO Ayo-Vauhhan, stated this in a statement...
The Senate on Wednesday, passed the Federal Capital Territory (FCT) N607.9 billion 2022 Appropriation Bill. This followed the adoption of the harmonised report of the Senate and House of Representatives Committee on FCT at plenary. Presenting the bill, the Chairman of the committee, Sen. Smart Adeyemi, said that the...
The Senate has endorsed the N48billion oil pipeline surveillance contract by the Federal Government to Mr Government Ekpemupolo, alias Tompolo, a former Niger Delta militant leader. Sen.Albert Akpan, the Chairman, Senate Committee on Petroleum (Upstream) said this on Tuesday in Abuja, when he spoke with newsmen shortly after presenting...
Senate has mandated its Committee on Banking, Insurance and other financial institutions to embark on an aggressive oversight to ensure Nigerians are adequately protected from operations of CBN, banks on implementation of the naira redesign policy. Senate resolution was sequel to a motion passed at plenary on Wednesday”on the...
The Senate Committee on Federal Capital Territory (FCT) has ordered Visible Concept, the construction firm handling the N30 billion renovation work at the National Assembly to speedily complete the projects. Sen. Smart Adeyemi, Chairman of the senate Committee, gave the order at an on the spot assessment of the...
The Senate on Tuesday expressed reservation over the actualisation of the Mambila power project, describing it as a mirage. The Chairman, Senate Committee on Power, Sen.Gabriel Susuwan (PDP-Benue), said this at the 2023 budget defence of government Ministries, Departments and Agencies (MDAs) under the Ministry of Power in Abuja...
Minister of Information and Culture, Alhaji Lai Mohammed says he has no regret being a minister in the administration of President Muhammadu Buhari. The minister stated this on Tuesday in Abuja when he appeared before the Senate Committee on Information and National Orientation to defend the ministry’s 2023 budget...
The Federal Ministry of Finance, Budget and National Planning said the ministry was not consulted on the new monetary policy announced by the CBN to redesign N200, N500 and N1000 naira notes with effect from Dec 15. Minister of Finance, Mrs Zainab Ahmed, said this in Abuja on Friday,...
The Senate Committee on Ethics, Privileges and Public Petitions has given the Code of Conduct Bureau (CCB) two weeks to settle corruption-related crisis rocking the agency. Committee chairman, Sen. Ayo Akinyelure (PDP-Ondo Central) handed the directive to the CCB chairman, Prof. Mohammed Isah and its federal commissioners on Thursday...
The member representing Ovia Federal Constituency, Mr Denis Idahosa (APC-Edo) on Sunday called for the scrapping of the senate and introduction of unicameral legislature to reduce cost. Idahosa said this in an interview with the News Agency of Nigeria (NAN) in Abuja. He said the senate, one of the...
The Senate Committee on Ethics, Privileges and Public Petitions is investigating the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for allegedly re-allocating Atala Marginal Oil Field (OML 46) in Bayelsa to another firm. The NUPRC came under fire in the senate over its alleged revocation and illegal re-allocation of the...
The Senate on Tuesday passed a bill amending the Court of Appeal Act, 2013 increasing the number of Justices of Court of Appeal from 90 to 110 . This followed the adoption of the report of Senate Committee on Judiciary, Human Rights and legal Matters by Chairman of the...
The Senate on Tuesday at plenary, passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act. Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was to enable the appointment of a person other than...
The Senate, has called on Nigerians to vote for only candidates that have clear agenda to liberate the local government system in the 2023 general election. Sen. Olalekan Mustapha, the Chairman, Senate Committee on States and Local Government Administration, said this at the second edition of the Local Government...
The Senate has confirmed the appointment of Justice Olukayode Ariwoola as the Chief Justice of Nigeria. At the resumption of plenary on Wednesday, September 21, Senate Minority Leader, Senator Ibrahim Gobir, moved two motions for the upper chamber to screen Ariwoola. His motions were approved by the legislators when they were...
The Senate will screen the Acting Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola on Sept 21. President of Senate,Dr. Ahmad Lawan made the disclosure, while delivering his opening remark at the resumption of plenary on Wednesday. Lawan also said Senate would receive the 2023 budget estimates from President...