Reps Probe NDDC N6.2bn COVID-19 Fund Diversion, N139bn Fraud         The House of Representatives has begun investigation into the alleged diversion of N6.2bn meant for COVID-19 palliatives under the Niger Delta Development Commission at the peak of the pandemic. The House is also investigating the mismanagement of...

Oil Price Rises To $43       Oil gained more than one per cent on Tuesday on the prospect the United States nearing a deal on coronavirus relief, but the threat to demand from rising COVID-19 cases worldwide and increased Libyan output kept prices from moving higher. Reuters...

Water Resources Bill 2020 Contravenes Existing Laws By Adedamola Adejokun         AN ANALYSIS OF THE NATIONAL WATER RESOURCES BILL, 2020 In 2017, the National Water Resource Bill was sent to the National Assembly with a request that it be passed into law. The bill which sought to transfer the...

FG Seeks Powers To Impound, Freeze Stolen Funds         The Federal Government has approached the National Assembly for more powers to freeze and seize stolen public funds and assets. President Muhammadu Buhari, in a letter to the House of Representatives, which the Speaker, Femi Gbajabiamila, read at...

PenCom: Lack Of Board Stalls N14,400 Minimum Pension Payment       Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees, the payment is yet to begin. A source at PenCom said the minimum pension could not commence...

Lawmakers To Consider PIB Next Tuesday — Gbajabiamila         The House of Representatives has slated the Petroleum Industry Bill, 2020 for a second reading on Tuesday next week, Speaker Femi Gbajabiamila has disclosed. The Speaker made the disclosure on Wednesday in plenary, while calling for all motions...