The Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities has said revenue agencies short-changed the Federal Government the sum of N1.7tn as unremitted revenue generated between 2012 and 2016. The panel blamed it on a memo by a former Minister of...

As the Senate postponed the commencement of its planned investigation into the alleged award of $25 billion worth of contracts in the Nigerian National Petroleum Corporation (NNPC), there are indications that the Presidency has initiated moves to avert serious probe into the allegations. Following the...

The Senate has declared that Nigeria is losing $2.5 billion yearly to gas flaring. This is just as it began moves to enact a legislation to outlaw gas flaring in the country. At a public hearing on the Gas Flaring (Prohibition) Bill in the National Assembly,...

The Senate has asked the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) to halt further action on the planned concession of the Port Harcourt Refinery to AGIP and OANDO. The upper chamber also set up a seven-man investigative panel led...

Senate Passes PIB into law, Approves Creation of two Firms The Senate has broken over 15 years jinx by passing into law the most awaited Petroleum Industry Governance Bill. Senate President, Bukola Saraki while commenting on the bill said “this is a Bill PIGB that has...

The lawmakers gave the president a two-week ultimatum to submit the 2017 budgets of the affected agencies for proper appropriation by the National The Senate has passed a resolution directing 38 agencies of the Federal Government to immediately stop making further expenditure because they are...