The House of Representatives has initiated moves to investigate the alleged N1.8 trillion tax owed the Federal Government by Multichoice group, the operator of DSTV and GoTV services. The Green Chamber’s decision to probe the TV entertainment and other services providing firm was sequel to the adoption of a motion by Rep. Saidu Abdullahi during […]
Tag: House of Representatives
Reps Ask CBN To Clarify ECA, PPT, Others’ Transactions
The House of Representatives on Thursday asked the Central Bank of Nigeria (CBN) to immediately clarify all interests and principal sums on the investments in the Excess Crude Account (ECA), Petroleum Profits (PTT) and Royalties Account to the Auditor-General for the Federation’s Office. The legislator’s call was sequel to a unanimous adoption of a motion […]
Lawmakers Order NERC To Halt Electricity Tariff Hike Plan
The House of Representatives has asked the National Electricity Regulatory Commission (NERC) to halt plans of the proposed increase in electricity tariffs based on demands by the 11 electricity distribution companies (DisCos) in the country. The Legislature’s resolution was sequel to the adoption of a motion by House Deputy Minority Leader, Hon. Aliyu Sani Madaki, […]
CPPE Flaws ‘Hasty’ Passage Of 2022 Finance Bill
The Centre for the Promotion of Private Enterprise (CPPE) has expressed serious concern about what it described the rushed passage of the 2022 Finance Bill by the National Assembly, noting that the process calls to question the representation role of the Assembly. A statement signed by the Chief Executive Officer (CEO) of the private sector […]
Reps Ask CBN To Suspend New Cash Withdrawal Limit Policy
The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately put on hold the planned implementation of its new policy on revised cash withdrawal limits for individuals and corporate organizations pending the conclusion of its ongoing appraisal of the policy measure. The lawmakers in the lower chamber of the National Assembly, […]
NASS, FRSC Commend Dangote Firm On CSR, Road Safety Interventions
The House of Representatives and Federal Road Safety Corps (FRSC) have commended Dangote Coal Mines Limited for supporting the government through its multi-million Naira social schemes and for adopting innovations that have remarkably reduced the rate of auto crashes in the country. Speaking at an interaction session involving the company’s host community’s leaders and youths […]
Reps To Consider Bill Seeking VAT’s Movement To Concurrent List
The House of Representatives is reportedly making moves to consider a Bill that will empower the state governments to collect value added tax (VAT) by moving it to the Concurrent Legislative list. A news report linked to SaharaReporters stated that bill titled “An Act to Alter 39 Part 1 of the Second Schedule of the […]
Reps Laud NNPC On Oil Sector’s 2022-2024 MTERF/FSP Clarifications
House of Representatives Committee on Finance has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for providing detailed explanations on some oil industry issues during an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and Fiscal Strategy Paper (FSP). The Chairman of the House […]
Reps Flaw Proposed Transfer Of NBET To Finance Ministry
The House of Representatives Committee on Power on Wednesday described as illegal President Muhammadu Buhari’s directive that the Nigeria Bulk Electricity Trading Company, NBET should become an agency under the Ministry of Finance. The Chairman of the House Committee on Power, Hon. Magaji D’au Aliyu, pointed out during the 2021 budget defence session at the […]
Reps Probe Transport Ministry, NIMASA Over Alleged $195Mn Contract Scam
The House of Representatives on Thursday directed its Committees on Marine and Institutions and Public Procurement to commence immediately a probe into the $195 million security contract allegedly awarded to an Israeli outfit to provide security and surveillance on Nigeria’s waterways. The probe of the contract awarded by the Ministry of Transportation was based on […]