Wednesday, November 14, 2018

Tag "house of representatives"

    Reps to Buhari: Compel security agencies to implement Benue’s anti-grazing law

Reps to Buhari: Compel security agencies to implement Benue’s anti-grazing law

The house of representatives has called on President Muhammadu Buhari to compel the nation's security agencies to enforce the law banning open grazing in Benue state.The lawmakers also asked the president to direct the security agencies to tackle the incessant killings in various parts of the country.The resolutions were sequel to a motion raised during plenary on Thursday by Hassan Saleh, [...]

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    Reps move to override Buhari on Peace Corps bill

Reps move to override Buhari on Peace Corps bill

The house of representatives has resolved to take another look at the Peace Corps bill and 21 other bills which President Muhammadu Buhari did not assent to.The resolution of the lower legislative chamber was sequel to a motion moved by Uzoma Nkem-Abonta, chairman of the committee on public petition, on Thursday.While moving his point of order, the lawmaker complained that [...]

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    ‘No going back on concession of Ajaokuta plant’ — FG dares house of reps

‘No going back on concession of Ajaokuta plant’ — FG dares house of reps

The federal government says it will no longer spend a dime on Ajaokuta steel plant located in Kogi state.Kayode Fayemi, minister of mines and steel development, said this at a press conference in Abuja on Thursday.He said the government will go ahead with plans to concession the company, a move the house of representatives had opposed.Yakubu Dogara, speaker of the [...]

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    Reps to probe ‘diversion’ of N2bn, $3.8m from sale of PHCN

Reps to probe ‘diversion’ of N2bn, $3.8m from sale of PHCN

The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).The decision followed the unanimous adoption of a motion by Chukwuka Onyema, a lawmaker from Anambra state, at the plenary on Tuesday.Onyema had said the Electric Power Sector Reform Act [...]

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    Reps pass bill seeking to make NFIU autonomous

Reps pass bill seeking to make NFIU autonomous

The house of representatives has passed the bill seeking to establish the Nigerian Financial Intelligence Unit (NFIU) as an autonomous body.The lawmakers adopted the harmonised report of the conference committee from both chambers of the national assembly on Tuesday.Kayode Oladele, chairman of the house committee on financial and economic crimes, had presented the report to the house during plenary.The bill [...]

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    Dogara: Ajaokuta steel abandoned after gulping $5.1bn… are we bewitched by sorcerers?

Dogara: Ajaokuta steel abandoned after gulping $5.1bn… are we bewitched by sorcerers?

Yakubu Dogara, speaker of the house, says the total amount of $5.1 billion has so far been invested in the Ajaokuta steel company located in Kogi state.Dogara, therefore, condemned reported moves to concession the company, wondering if Nigeria has been “bewitched by some powerful sorcerers”.Dogara said this on Thursday while speaking at the sectoral debate organised by the house of [...]

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    Reps panel probes ‘massive importation fraud’ by companies

Reps panel probes ‘massive importation fraud’ by companies

The house of representatives committee on customs has commenced investigations into alleged massive fraud by some companies through breach of importation procedures.James Faleke, chairman of the committee, disclosed this to journalists on Tuesday.The alleged breach is said to have led to a huge loss of revenue accruing to the federation account.Faleke said the committee has invited the companies involved to [...]

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    Hijab controversy: Court bars reps from conducting public hearing

Hijab controversy: Court bars reps from conducting public hearing

A federal high court sitting in Abuja has restrained the house of representatives from conducting a planned public hearing on the hijab controversy between the Nigerian Law School and Firdrusa Abdulsalam.Anwuli Chikere, the presiding judge, gave the order on Wednesday in her ruling on an application seeking to stop the public hearing.The judge ordered that the public hearing be put [...]

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    Reps panel asks NNPC to withhold bid to spend $1.8bn on refineries

Reps panel asks NNPC to withhold bid to spend $1.8bn on refineries

A house of representatives ad hoc committee has asked the Nigerian National Petroleum Corporation (NNPC) to withhold its bid to spend $1.8 billion on the nation’s refineries.In 2017, the NNPC proposed a fresh bid to spend the money on the turn-around maintenance (TAM) of the three functional refineries in the country.The house had subsequently set up the adhoc committee to [...]

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    Reps to probe trade ministry over $160m World Bank project

Reps to probe trade ministry over $160m World Bank project

The house of representatives has resolved to probe the circumstances surrounding the engagement of consultant for a $160m World Bank project in the country.The house also mandated the ministers of industry, trade and investment as well as finance not to renew the consultant engaged for the growth and employment (GEM) project.The resolution was sequel to a motion of urgent public [...]

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    Okorocha’s ‘amnesty’ to wanted persons splits lawmakers

Okorocha’s ‘amnesty’ to wanted persons splits lawmakers

Members of the house of representatives were divided on Tuesday over the amnesty reportedly granted by Rochas Okorocha, governor of Imo state, to some criminal suspects declared wanted by the Rivers state government.Last week, Nyesom Wike, governor of Rivers, had said: "That amnesty offered by Governor Okorocha cannot cover Rivers state. These criminals are still wanted for their crimes against [...]

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    Reps accuse Malami, Magu of manipulating justice system

Reps accuse Malami, Magu of manipulating justice system

The house of representatives has accused Abubakar Malami, attorney-general of the federation (AGF), and Ibrahim Magu, acting chairman of the Economic and Financial Commission (EFCC) of manipulating the country's legal system.The resolution of the house was sequel to a motion sponsored by Yakubu Barde, minority whip.While moving the motion on the floor of the house on Thursday, Barde spoke about [...]

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    EFCC recovered N511.9bn in 2017, says Magu

EFCC recovered N511.9bn in 2017, says Magu

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the commission recovered about N511.9 billion in 2017.Magu said this on Monday when he appeared before a budget defence session organised by the house of representatives committee on financial crimes.He listed the monies recovered to include N473.065 billion, $89,258,124.97, £294,851.82, €7,247,363.75, 443,400 dirhams and 70,500.00 South African [...]

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    Reps panel: $202m — NOT $44m — unaccounted for at NIA

Reps panel: $202m — NOT $44m — unaccounted for at NIA

A total of $202 million is missing from the coffers of the National Intelligence Agency (NIA), a house of representatives committee has said.Addressing reporters in Abuja, Aminu Jaji, chairman of the committee on public safety and national security, said the agency is unable to account for the money.About $44m reportedly got missing in the vault of the agency, months after NIA was [...]

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    Reps divided over $1bn insurgency fund

Reps divided over $1bn insurgency fund

Members of the lower legislative chamber of the national assembly were divided on Thursday over a motion to deduct 13 percent derivation from the $1 billion approved for the fight against insurgency and general security in the country.The bill, introduced by Ken Chikere, from Rivers state, seeks to ensure that the 13 percent derivation is given to oil-producing states in [...]

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    Reps move for completion of Otukpo-Ajaokuta rail project — awarded under Shagari

Reps move for completion of Otukpo-Ajaokuta rail project — awarded under Shagari

The house of representatives has called for the completion of the Otukpo-Ajaokuta railway project started by the administration of ex-President Shehu Shagari.It said the project should be included in the 2018 budget estimates.The call was sequel to a motion titled ‘Need to complete Otukpo-Ajaokuta railway project’ introduced during plenary on Wednesday by Hassan Omale, from Kogi state.The rail project, which [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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