Reps Direct BPE to Reimburse N341m to Nigerdock The House of Representatives Committee on Privatisation has directed Nigerdock to write to the Bureau of Public Enterprises (BPE) for reimbursement of N341.7 million tax liabilities as well as address other issues. Chairman of the Committee, Ibrahim Makama...

Reps Urge NDPC to Suspend Proposed Auction of $1bn Oil Assets The Nigerian Petroleum Development Company has been called on by the House of Representatives to suspend the planned auction of Oil Mining Licence 11 for $250m when it has been bid for $1bn. The House on...

Why Reps Probe 5-Year Fuel Subsidy, Allege N2.9tr Diversion The House of Representatives has set up an ad hoc committee to investigate the petroleum products subsidy regime from 2017 to 2021. The committee is also to query an alleged $7 billion (about N2.905 trillion) oil...

Ajaokuta Steel: Reps Probe Nigeria’s Deal With Russia   The House of Representatives has begun investigation of the deal Nigeria signed with Russia on the resuscitation of the Ajaokuta Steel Company, alleging that details of the contract were not known to Nigerians. The House resolved to carry...

House To Probe CBN Over Alleged $5bn Under-remittance To Federation Account The House of Representatives on wednesday passed a motion seeking to set up a high-powered ad-hoc committee to investigate the under-remittances of revenue by the Central Bank of Nigeria (CBN) and report back to...