Senate Summons NNPC Again, Cites Non-remittance Of N4.07trn       The Senate Public Accounts Committee has again summoned the management of the Nigerian National Petroleum Corporation over alleged non-remittance of N4.07tn to the Federation Account between 2010 and 2016. The management of the NNPC had appeared before the...

Senate Passes Bill To Establish Agric Devt Fund     The Senate on Wednesday passed for the third reading a Bill seeking to establish a National Agricultural Development Fund. The report on the Bill entitled: “National Agricultural Development Fund (Establishment) Bill, 2021” was presented by the Chairman, Senate...

Senate Amending AMCON Law To Recover N16trn Loans     The Senate on Tuesday passed for second reading a bill seeking to empower the Asset Management Corporation of Nigeria in assets recovery. The proposed law also intends to strengthen the agency against economic sabotage by debtors with unpaid...

Senate Approves Agency For Solid Mineral Resources       The Senate on Tuesday approved the establishment of an agency for the development of solid mineral resources in the country. The approval followed a robust debate on a bill sponsored by Senator Tanko Al-Makura, which seeks to encourage investment...

Senate Uncovers N120bn Varying Oil Subsidy Payments       The Senate Committee on Public Accounts on Wednesday uncovered a differential of N120 billion in the payment of subsidy to the Independent Petroleum Marketers Association of Nigeria (IPMAN) by the Petroleum Products Pricing Regulators (PPPRA) in 2016. The panel,...

Senate Summons Accountant-general Over TSA Remittances       The Senate Committee on Finance on Wednesday summoned the Accountant-General of the Federation, Ahmed Idris, to appear before it over alleged inadequate remittances to the Single Treasury Account. The Chairman of the Senate panel, Senator Solomon Adeola, disclosed this while...