May 9, 2021
  • May 9, 2021

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Senate empowers AMCON to take over assets of debtors, charges them to special tribunal in new amendment bill

by on April 28, 2021 0
The Senate has passed an amendment bill empowering the Assets Management Corporation of Nigeria (AMCON) to go after the assets of debtors to enable the corporation recover outstanding loans totaling N5.5 trillion from recalcitrant debtors. The bad bank had bought over the non-performing loans of some banks in 2010 during a banking crisis, which... Read More

EFCC boss, Bawa seeks senate backing for anti-graft fight

by on April 14, 2021 0
Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Wednesday held his first interactive session with the Senate Committee on anti-corruption. The chairman of the committee, Suleiman Abdu Kwari, assured Bawa it would support operations of the commission, especially in the area of the fight against corruption. READ ALSO: Nigeria to raise... Read More

Senate sets to probe N3 bln irregular contract payment at FMBN

by on April 11, 2021 0
The Senate Committee on Public Accounts has queried the Federal Mortgage Bank of Nigeria (FMBN) over alleged irregular award of N3 billion contract in four phases. The committee issued the query based on the 2018 Auditor General of the Federation’s (AuGF’s) report and has therefore resolved to summon the former Managing Director of the... Read More

How NNPC paid N443 bln fuel subsidy without approval ~Senate

by on March 4, 2021 0
The Nigerian National Petroleum Corporation (NNPC) has been accused by the Senate Committee on Public Accounts of making payment of N443 billion for fuel subsidy without appropriation. According to the Chairman of the Senate Committee on Public Account, Mathew Urhoghide the discovery was made through the audit reports of the Auditor General of the... Read More

President Buhari sends names of nominees for auditor-general, Chairman of Fiscal Responsibility Commission to Senate

by on January 26, 2021 0
President Muhammadu Buhari has nominated Adolphis Aghughu as the new Auditor-General of the Federation in line with section 86 (1) of the Constitution of the Federal Republic of Nigeria (as amended). According to the Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Babajide Omoworare, President Buhari has forwarded Aghughu name... Read More

Nigerian Senate confirms Yakubu head of national electoral body

by on December 1, 2020 0
Nigerian Senate on Tuesday confirmed the reappointment of Mahmood Yakubu, as Chairman of the country’s electoral body, the Independent National Electoral Commission (INEC) for the second term of five years. The nation’s upper legislative chamber confirmed Yakubu reappointment after considering the letter of President Moahammdu Buhari conveying the name of the INEC chairman for... Read More