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Amid Recession, Reps take Delivery of N3.6bn Exotic Cars

The delivery of 360 exotic cars to members of the House of Representatives has begun amid the economic downturn in the country. Investigations by The PUNCH revealed on Sunday that 28 units of the Peugeot 508 series had already been delivered to lawmakers in Abuja. The...

Go After MMM Promoters, Reps Tell EFCC, CBN

The House of Representatives has asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters of the Mavrodi Mondial Moneybox, otherwise known as MMM, in Nigeria. Lawmakers strongly opposed the investment scheme, which has lately gained...

Reps Oppose Planned Rail Line Concession to GE

The House of Representatives has opposed moves by the Federal Executive Council to concede the Lagos-Kano and the Port Harcourt-Maiduguri rail lines to General Electric. The Lagos-Kano line is popularly known as the Western line, while the Port Harcourt-Maiduguri line is better known as the...

Stop Illegal Charges by Banks, Reps Tell CBN

...Lawmakers seek repatriation of $458m from US The House of Representatives has directed the Central Bank of Nigeria to immediately stop the “abuse” of the Automated Teller Machine withdrawal charges by commercial banks. It also condemned their “other increasing arbitrary charges”, which the House said had...

Reps Probe CBN over Forex Crisis

...Lawmakers demand sacking of Emefiele Members of the House of Representatives were angry as they ordered an investigation into the scarcity of foreign exchange in the country. The naira, which exchanged for N490 to the United States dollar last Thursday on the parallel market, was offered...

Danbatta Seeks Reps’ Cooperation on Telecom Regulations

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has called for more cooperation and understanding of members of the House of Representatives, on regulatory functions of the commission. In a statement signed by Senior Assistance to EVC Yakubu Musa,...