Reps Fault Banks, Begins Probe Of $30bn Revenue       The House of Representatives’ Joint Committee on Finance, Banking and Currency has begun an investigation of the leakages amounting to $30bn annually in the transfer of funds to execute international contracts, interbank transfers, among others. At its inaugural...

Senate Berates NSITF Management Over Alleged N84bn Embezzlement       The Senate on Monday berated the management of the Nigeria Social Insurance Trust Fund over an alleged misappropriation of N84bn within four years. The Senate Public Accounts Committee stated this while scrutinising the 2017 report of the Auditor...

Mass Metering First Phase'll Gulp N60bn - Fed Govt     The Central Bank of Nigeria is providing N60bn for one million electricity meters that are meant for free distribution to unmetered power users across the country, the Federal Government has said. It disclosed this in a document...

Senate Indicts NSA Over Alleged Diversion Of $2.3bn, Others       The Senate has indicted the Office of the National Security Adviser (NSA) over an alleged diversion of N1,075,266,599.06, $2,301,329.54 and €196,257.42 by the Nigerian Ports Authority (NPA). Apart from asking the Economic and Financial Crimes Commission (EFCC)...

Senate Probes NIMC Over N229m Contract Payments     The Senate Public Account Committee is currently investigating the authorities of the National Identity Management Commission over the alleged non- compliance with Public Procurement Act in the award of a N229m contract. The SPAC hinged the probe on the...

NASS Considers N895bn Weapons, Anti-terror Supplementary Budget     The President of the Senate, Ahmad Lawan, on Tuesday read an official communication from President  Muhammadu Buhari asking the National Assembly to approve a supplementary budget of N895bn. The amount had earlier been approved by the Federal Executive Council. A...