Senate Summons NNPC Boss Over Alleged N210trn Missing Funds   The Senate on Thursday ordered the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, to appear before its Public Accounts Committee over unresolved financial infractions amounting to N210tn. The lawmakers expressed...

Senate to FG: Stop Enriching Discos with Public Funds   The Senate has called on the Federal Government to rethink its approach to the power sector by ending the indirect enrichment of private electricity distribution companies with public funds. The Chairman, Senate Committee on the Environment, Senator...

N13.7trn Federation Account Revenue Unremitted by NNPCL - FAAC   The Nigerian National Petroleum Company Limited (NNPCL) is holding back a massive N13.763 trillion in revenue, creating significant funding challenges for the Federal Government's national budget. This is according to documents obtained from the Federal Accounts Allocation Committee...

2025 Budget: Senate to Suspend Plenary Sessions for Two Weeks   The Senate has announced plans to suspend plenary sessions for two weeks, starting from January 14, when the National Assembly resumes from its holiday break. It explained that this would enable the Appropriation sub-committees of both...

Senate Threatens Non-performing Agencies Over 2025 Budget   The Senate, through its Finance Committee, has issued a stern warning to government agencies, threatening zero allocation in the 2025 budget for those failing to appear before it to account for funds allocated in the 2024 fiscal year. During...

Senate Halts Action on Tax Reform Bills   The Senate has suspended action on the tax reform bills currently before it. It further instructed the Committee on Finance to stay action on the public hearing pending the time the agitation in the public space is addressed. The Senate...