Thursday, September 20, 2018

Tag "house of reps"

    Obono-Obla: House of reps lacks the power to investigate forgery

Obono-Obla: House of reps lacks the power to investigate forgery

Okoi Obono-Obla, chairman, special presidential investigation panel on the recovery of public property, says the house of representatives is not constitutionally empowered to probe forgery.Obono-Obla, who is the senior special assistant to the president on prosecution, is alleged to be in possession of an “invalid” O’level result, according to findings by an ad hoc panel of the lower legislative chamber of [...]

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    Reps panel asks NERC to reverse suspension of Ibadan DisCo directors

Reps panel asks NERC to reverse suspension of Ibadan DisCo directors

A house of representatives panel has asked the Nigerian Electricity Regulatory Commission (NERC) to rescind its decision to suspend the board members of the Ibadan Electricity Distribution Company Limited (IBEDC).The house committee on power gave the order during its investigative hearing on Wednesday.The NERC had in June suspended the board of directors and key management staff over over a N6bn [...]

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    Bill to establish state police scales second reading at house of reps

Bill to establish state police scales second reading at house of reps

The 1999 constitution amendment bill seeking to accommodate state and community policing on Tuesday passed second reading at the house of representatives.The bill sponsored by Femi Gbajabiamila, majority leader of the house, seeks to delete item 45 of the constitution – which domiciles policing exclusively with the federal government – from the exclusive list and move it to the concurrent list.Gbajabiamila, [...]

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    Oshiomhole describes defectors as big masquerades with little electoral value

Oshiomhole describes defectors as big masquerades with little electoral value

Adams Oshiomhole, national chairman of the All Progressives Congress (APC), says the party is not bothered about the members who decamped.At plenary on Tuesday, 15 senators and 37 house of representatives members left the party for other political parties.Fourteen of the senators and 32 of the representatives joined the Peoples Democratic Party (PDP).Speaking with state house correspondents after meeting with [...]

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    PDP reps celebrate defection of 14 APC senators

PDP reps celebrate defection of 14 APC senators

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    Reps panel probes $1.9bn ‘missing’ shares at NDPHC

Reps panel probes $1.9bn ‘missing’ shares at NDPHC

A house of representatives ad hoc committee says it has uncovered $1.9 billion shares unaccounted for at the Niger Delta Power Holding Company (NDPHC).The committee, led by Darlington Nwokocha, was set up to investigate alleged constitutional breaches and financial infractions at the NDPHC totalling $30 billion.At its continued hearing on Monday, the lawmakers expressed disappointment that the key management staff [...]

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    Reps to probe ‘loss of N50bn’ in tax revenue, illegal mining

Reps to probe ‘loss of N50bn’ in tax revenue, illegal mining

The house of reps has resolved to probe the reported loss of N50 billion in gold tax revenue and illegal mining in Nigeria in the last five years.The resolution was sequel to a motion raised by Ehiozuwa Agbonayinma from Edo state during plenary on Thursday.Agbonayinma said the nation's mining industry is heavily under-utilised despite the need to diversify the nation's [...]

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    Reps ask CBN to withdraw mutilated naira notes from circulation

Reps ask CBN to withdraw mutilated naira notes from circulation

The house of representatives has asked the Central Bank of Nigeria (CBN) to commence the immediate withdrawal of all mutilated naira notes from all banks.The house urged the apex bank to replace the mutilated notes — particularly the N100 note — with new ones.The house also mandated the committee on banking and currency to investigate the black-marketing of mint naira [...]

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    Buhari rejects four national assembly bills

Buhari rejects four national assembly bills

President Muhammadu Buhari has rejected four bills passed by the national assembly. Buhari communicated this via a letter he sent to the house of representatives which was read during plenary on Thursday.The bills include the Corporate manslaughter bill, 2018; Agricultural credit scheme (amendment) bill, 2018; National Child Protection and Enforcement Agency bill as well as Courts and tribunal standard scales of fines [...]

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    Drama as Ondo rep introduces himself as R-APC member

Drama as Ondo rep introduces himself as R-APC member

There was a mild drama at the house of representatives when a lawmaker introduced himself as member of the Reformed-All Progressives Congress (R-APC).The R-APC, a breakaway faction of the APC, is made up of aggrieved members in the ruling party.The group, which is dominated by lawmakers, is yet to formally identify with any other political party.Bode Ayorinde from Ondo state [...]

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    Reps probe loot recovered from Abacha since 1998

Reps probe loot recovered from Abacha since 1998

The house of representatives has resolved to probe the funds recovered from Sani Abacha, former military head of state, from 1998 till date.The lawmakers are also seeking to investigate how the funds have so far been used, including the charges paid to lawyers and consultants.The resolution followed a motion introduced during plenary on Wednesday by Sunday Karimi from Kogi state.Abubakar [...]

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    Impeachment: We have started collecting signatures in support of Buhari, says Jibrin

Impeachment: We have started collecting signatures in support of Buhari, says Jibrin

Members of the house of representatives loyal to President Muhammadu Buhari say they have started collecting signatures to back the president in the ongoing rift between the executive and national assembly.The lawmakers, under the auspices of Parliamentary Support Group (PSG), also said they stand by their claim that lawmakers in the Peoples Democratic Party (PDP) were behind the impeachment threat [...]

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    ‘You complain of persecution but can’t tolerate constitutional ventilation’ — Jibrin fires back at reps

‘You complain of persecution but can’t tolerate constitutional ventilation’ — Jibrin fires back at reps

Abdulmumin Jibrin, lawmaker representing Bebeji/Kiru constituency in Kano state, has taken a swipe at his colleagues after they accused him of falsehood.On Wednesday, the lower legislative chamber resolved to probe his comment on the ongoing rift between the national assembly and the executive arm of government.Jibrin had led some lawmakers to kick against the impeachment threat the national assembly issued [...]

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    FG has no money to complete Ajaokuta Steel, says minister

FG has no money to complete Ajaokuta Steel, says minister

Abubakar Bawa, minister of state for mines and steel development, says the federal government does not have money to complete Ajaokuta Steel Company.He disclosed this on Monday while speaking at a public hearing organised by a house of representatives ad-hoc committee on the company.Bawa told the lawmakers that concession remains the best way to revive the steel plant.“The government is [...]

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    Lawmakers, minister argue over Ajaoukuta steel but FG insists on concession

Lawmakers, minister argue over Ajaoukuta steel but FG insists on concession

Abubakar Bawa, minister of state for mines and steel development, told federal lawmakers on Monday that concession remains the best way to revive the Ajaoukuta steel plant.Speaking at a house of representatives public hearing on the plant, the minister also said the federal government was advised from the onset not to inject more funds into the project.While the lawmakers have [...]

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    Reps probe ‘mismanagement’ of $22bn LNG project set up under Obasanjo

Reps probe ‘mismanagement’ of $22bn LNG project set up under Obasanjo

The house of representatives on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the implementation of the Brass Liquefied Natural Gas project.The resolution was sequel to a motion raised by Kingsley Chinda, a lawmaker from Rivers state, on the need to investigate the alleged mismanagement of $22 billion meant for take-off and running of the project.The gas [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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