National Assembly Summons 17 Oil Companies Over NDDC Debts   The Joint National Assembly Committee on Niger Delta Development Commission on Tuesday summoned 17 oil companies over their alleged N72bn and $273m indebtedness to the agency. The Chairman of the NASS joint panel, Senator Peter Nwaoboshi, issued...

PenCom Illegally Spent N12.3bn IGR , National Assembly Alleges   The National Assembly has criticised the alleged unapproved utilisation of over N12.283bn of the Internally Generated Revenue of the National Pension Commission. The joint Senate and House of Representatives Committees on Pensions expressed concerns when PenCom appeared...

Over N500bn Stuck In Unresolved Federal Audit Reports   About N500bn has not been properly accounted for in the previous years’ report of the Auditor-General of the Federation, submitted to the National Assembly (NASS), due to a lack of enabling laws to compel and sanction Ministries,...

Execution Of N8.916trn Budget Already Under Threat Barely two weeks after the National Assembly passed the N8.916 trillion budget for 2019, the implementation of the financial plan is already being threatened by the spate of vandalism of oil pipelines across the country. Nigeria has set oil...

N'Assembly Unfair To NNPC Over Alleged $3.5bn Diversion - Baru   The Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Thursday said that the National Assembly was unfair to the NNPC regarding the lawmakers’ position that the oil firm violated processes while...

Eastern Rail Line: Construction To Gulp N9trn, N'Assembly Delays Approval   The Minister of Transportation, Rotimi Amaechi, on Tuesday said the Federal Government needed $12.8bn, about N9trn, to construct standard gauge rail lines from Port Harcourt to Maiduguri. He also blamed the National Assembly for stalling the...