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Sanusi: Reps grill deputy speaker on Islamic Banking

Posted by admin CBN (Central Bank of Nigeria), Headlines, House, Legislature Tuesday, July 26th, 2011

The House of Representatives on Tuesday made a U-turn on the controversial non-interest banking policy of the Central Bank of Nigeria, saying that it never endorsed the model. The Chairman of its Ad-Hoc Committee on Media and Publicity, Mr. Opeyemi Bamidele, told a news conference in Abuja on Tuesday that the lawmakers decided not […]

N’Assembly to retool anti-graft agencies

Posted by admin EFCC Politics, House, Latest Politics, Legislature, Senate Friday, July 22nd, 2011

APPARENTLY disturbed by the perception of the international community of Nigeria as a corrupt nation, Senate President, Senator David Mark, has promised that the anti-corruption agencies would be strengthened to redouble the fight against the scourge. Mark, who said this yesterday at the National Assembly when members of the Independent Corrupt Practices and other related offences […]

Bankole: EFCC quizzes 2 bank MDs

Posted by admin EFCC Politics, Headlines, House, Legislature Friday, July 22nd, 2011

The Economic and Financial Crimes Commission (EFCC) has been quizzing the topshots of two first generation banks since Tuesday over the banks’ involvement in the alleged N10 billion scam for which the immediate past Speaker of the House of Representatives, Mr. Dimeji Bankole, is currently standing trial. It was confirmed in Abuja last night that […]

Reps Back Sanusi on Islamic Bakning, withdrawal Limit

Posted by admin House, Latest Politics, Legislature Friday, July 22nd, 2011

The two controversial policies conceived by the Central Bank of Nigeria (CBN) received support of the House of Representatives after about an hour lecture by the CBN Governor, Sanusi Lamido Sanusi yesterday. Sanusi took the House through the gamut of the policy limiting cash withdrawal to N150, 000 and the introduction of Islamic banking, one […]

Opposition condemns NASS salary reduction announcement

Posted by admin Headlines, House, Legislature, Senate Thursday, July 21st, 2011

Politicians in the opposition parties on Wednesday in Lagos criticised the salary reduction announced by the National Assembly, describing it as deceitful. The politicians, who spoke in separate interviews, said the salary reduction by the legislators had not met the public outcry of their jumbo pay. Last week, the House of Representatives reduced the allowances […]

N40bn scam: Bankole asks court to disqualify Keyamo from prosecuting him

Posted by admin Headlines, House, Legislature Tuesday, July 19th, 2011

Embattled former speaker of the House of Representatives, Dimeji Bankole has formally prayed an Abuja High Court to disqualify Lagos Lawyer Mr. Festus Keyamo from prosecuting him on behalf of the Economic and Financial Crimes Commission (EFCC) over the alleged N40b loan obtained to fund the House while he was in office. But in a […]

Reps summon CBN gov over Islamic banking, cashless economy policy

Posted by admin CBN (Central Bank of Nigeria), House, Latest Politics, Legislature Tuesday, July 19th, 2011

The House of Representatives, on Tuesday, summoned the governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, to appear before it on Thursday to expatiate on the cashless economy policy and the controversial Islamic banking introduced by the apex bank. The House resolution to summon the CBN governor was sequel to a motion […]

N38bn scam: EFCC insists on Bankole’s trial

Posted by admin EFCC Politics, House, Legislature, National Politics Tuesday, July 19th, 2011

A fresh attempt to scuttle the ongoing trial of the immediate past speaker of the House of Representatives, Mr Dimeji Bankole, was, on Tuesday, frustrated by the Economic and Financial Crimes Commission, (EFCC), which insisted that the former number four citizen must allow his trial to continue unfettered, if he was sure of his innocence. […]

Controversy Trails Lawmakers’ Salaries

Posted by admin House, Legislature, Senate, Top Stories Sunday, July 17th, 2011

Controversies have continued to trail the structuring of salaries of political, public and judicial officeholders by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). LEADERSHIP investigations reveal that Nigeria’s lawmakers may be earning far more than the public knows. Details of the remuneration package of political, public and judicial officeholders published by RMAFC on July […]

Poor services: Reps to probe telecom companies

Posted by admin Headlines, House, Legislature Friday, July 15th, 2011

THE House of Representatives, on Thursday, set the machinery in motion to probe the unsatisfactory services being provided by the telecommunications operators in Nigeria. To this end, the House resolved that its Committee on Communications, when constituted, should probe the activities of the telecommunications companies and report back to the House for appropriate legislative action. […]