Reps Probes Telecoms Over Non-payment Of Taxes An ad hoc committee of the House of Representatives summoned chief executive officers of some telecommunications firms operating in the country over alleged default in the payment of taxes. The committee, which is chaired by Mr. Ahmed Abu, is...

NERFUND’s N17bn Debt Under Investigation The House of Representatives has commenced investigation into the role played by the Central Bank of Nigeria ( CBN) in the failure of National Economic Reconstruction Fund (NERFUND) to recover about N17 billion owed it by Small and Medium Scale...

•Knocks CBN, FIRS, DPR House of Representatives Committee on Public Petitions says it will investigate alleged missing $60.3 billion Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria (CBN). Chairman of the committee, Mr Uzoma Nkem-Abonta (Abia-PDP), stated this on Wednesday in Abuja...

The House of Representatives on Thursday said it approved the $5.5 billion loan request from the executive because President Muhammadu Buhari is trustworthy and keeps to his words. It said that the approval was in spite of the nation’s rising debt profile. Recall that both chambers...

The House of Representatives has begun investigation of the non-remittance of billions of naira by the federal, state and local governments into the Nigerian Social Insurance Trust Fund (NSITF) from 2010 to date. The House said it would set up an ad hoc panel to...

The House of Representatives defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility while carrying out oversight duties over Ministries, Departments and Agencies of the...