Buhari’s Request to Restructure N22tn Loan Rejected by Senate The Senate has rejected the request of President Muhammadu Buhari, to restructure the N22.7tn Ways and Means advances collected from the Central Bank of Nigeria by the Federal Government. On Wednesday, the Senate rejected the request after...

Senate Rejects Committee move to Reduce N3.6trllion Subsidy in Budget The Senate has voted against its finance committee proposal to reduce the N3.6trllion subsidy to N1.7tn in the 2023 budget. President Muhammadu Buhari had in the 2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy...

Electricity: Senate Passes Bill To Boost Power Distribution   The Senate, on Wednesday, passed the Electricity Bill 2022. The bill’s passage was sequel to the consideration of a report by the Committee on Power. Chairman of the Committee, Senator Gabriel Suswam (PDP, Benue North East), in his...

Audit Query: Senate Orders NIMASA DG’s Arrest Over $9.305bn Loss   The Senate through its Panel on Public Accounts has ordered the arrest of the Director-General of the Nigerian Maritime and Safety Agency, Dr Bashir Jamoh, for allegedly paying $5mn to a legal firm as a...

Senate Vows To Back AMCON’s Debt Recovery Drive   The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has reiterated the willingness of the National Assembly to continually support the debt recovery efforts of Asset Management Corporation of Nigeria. The Senator made...

Senate Summons Akpabio, NDDC boss Over Unpaid N2.2bn Contractors’ Fees The Minister of Niger Delta Affairs, Senator Godswill Akpabio, and the Sole Administrator of Niger Delta Development Commission, Mr Effiong Akwa, were summoned by the  Senate’s Committee on Ethics, Privileges and Public Petitions over non-payment of...