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Senate Condemns Trade Ministry Over Alleged N1bn Geneva Trip

Senate Condemns Trade Ministry Over Alleged N1bn Geneva Trip   The Senate Committee on Trade and Industry on Tuesday condemned the alleged allocation of N1bn for a foreign trip to Geneva, Switzerland, by the Ministry of Trade and Investment. Members of the panel gave the condemnation when...

Senate Grills AGF Over N910bn MDAs Loan

Senate Grills AGF Over N910bn MDAs Loan   The Senate has indicted the Office of Accountant General of the Federation over failure to repay short-term loans given to Ministries, Departments, and Agencies from Special Funds Accounts totalling N910bn. The lawmakers discovered this after a thorough investigation by...

Senate Says Govt Agencies, Military Owe Electricity Firms

Senate Says Govt Agencies, Military Owe Electricity Firms   The Federal Government has said that the cost of electricity consumption in Nigeria is among the cheapest and most defaulted by consumers in the world. This came as the Chairman of the Senate Committee on Power, Senator Gabriel...

Senate Demands N3.2bn Tractor Loan Recovery

Senate Demands N3.2bn Tractor Loan Recovery   The Senate has indicted the Bank of Agriculture in Kaduna over a N3.2bn loan disbursed to 10 vendors to purchase tractors and other equipment for allocation to end users. The indictment was sequel to the 2016 report of the Auditor...

Senate Probes Accountant-General Over Alleged N978bn From SWVs

Senate Probes Accountant-General Over Alleged N978bn From SWVs   The Senate on Tuesday began probing the Office of the Accountant-General of the Federation over the N978billion it allegedly received from the Service Wide Votes (SWV), between 2017 and 2021. The said N978billion comprises both capital and recurrent...

Senate Postpones Hearing On Cash Withdrawal Limits

Senate Postpones Hearing On Cash Withdrawal Limits   The Senate on Tuesday postponed the hearing of the report on the Cash withdrawal policy by the committee on Banking and Financial Institutions. The Red chamber had last week commissioned the committee to grill the two newly re-appointed deputy...