Reps Summon NNPC, NLNG Over Alleged Illegal $1.05bn Withdrawals     The House of Representatives has resolved to investigate the alleged illegal withdrawal of funds from the Nigerian Liquefied Natural Gas Limited amounting to $1.05bn by the Nigerian National Petroleum Corporation. The resolution followed the adoption of a...

Lawmakers Approve N168.809bn Budget For FIRS     The House of Representatives has approved the sum of N168.809 billion for the Federal Inland Revenue Service for the 2020 fiscal year. This followed the receipt and adoption of a report by the House Committee on Finance during plenary on...

Court Can’t Stop $30bn Revenue Leakage Probe – Lawmakers     The House of Representatives has said that no court can stop the legislature from investigating or exposing corruption in the country. Chairman, House of Reps Committee on Finance, James Faleke, stated this in Abuja, yesterday, at an...

Lawmakers Summon Banks, Others Over $30bn Forex Racketeering   The Joint House of Representatives committees on finance; banking and currency will on Monday begin an investigative hearing into an alleged forex racketeering. To this effect, the panel has summoned 24 banks and 14 oil companies, according to...

Reps Verify Finance Ministry’s Proof Of N162m Expenses     The House of Representatives is verifying information and documents provided by the Federal Ministry of Finance in response to queries issued by the Office of the Auditor-General of the Federation on expenses between 2015 and 2016 amounting...

Reps Summon Industry Minister, SON Over Six-year Unaudited Accounts     The House of Representatives has summoned the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, and the management of the Standards Organisation of Nigeria over failure by the SON to audit its accounts for six...