Reps asked for N39m, N5m bribes – DG SEC

The investigation by the House of Representatives of the Nigerian Capital Market took a dramatic twist on Thursday as the Director-General of the Securities and Exchange Commission, Ms. Arunma Oteh, accused the Chairman, House Committee on Capital Market and other Institutions, Mr. Herman Hembe, of corruption. Oteh alleged that the committee had demanded N39m from […]

Reps reject motion to return police checkpoints

A  few weeks after the Acting Inspector-General of Police, Mohammed Abubakar, ordered the dismantling of police checkpoints across the country, a member of the House of Representatives sponsored a controversial motion on Tuesday seeking to reverse it. Mr. Friday Itulah, a Peoples Democratic Party lawmaker from Edo State, however, failed in his bid, as the […]

Senate lambasts DPR over delay of gas monitoring projects

By Inalegwu Shaibu ABUJA —  The Senate has lambasted the Department of Petroleum Resources, DPR, over its inability to fast track the installation of gas pipelines to facilitate the supply of gas generated in the country. The Senator Nkechi Nwoagu-led committee on gas had summoned DPR to explain the continuous inclusion of the construction of […]

Reps’ panel begins hearing on capital market

SEC okays amendment to listing rules THE House of Representatives will tomorrow begin public hearing on the state of the Nigerian capital market. Meanwhile, the Nigerian Stock Exchange (NSE) also announced at the weekend that the Securities and Exchange Commission (SEC) has approved its proposed amendments to listing rules. Chairman of the House of Representatives […]

NFF stinks of corruption –Senate

The Senate concluded on Tuesday that the Nigeria Football Federation portrayed a circus of corruption, given the manner it had administered football in the last few years. Football’s dwindling fortunes in the country came under examination on the floor of the Senate, with senators expressing the need to immediately reverse the situation. As a step […]

National conference must comply with Constitution – Senate

February 29, 2012  by Oluwole Josiah, Abuja   The Senate on Tuesday clarified its position on the Sovereign National Conference, saying any national dialogue must be subjected to the provisions of the 1999 Constitution as amended. It also said it was not against the holding of a national conference to discuss the way forward for […]

Senate stops FRSC’s new vehicle plates, licences

The Senate on Wednesday directed the Federal Road Safety Commission to stop the implementation of the new driver’s licence and vehicle number plates. The Senate, which issued the directive at its sitting, also mandated its Committee on Federal Character and Intergovernmental Affairs to conduct a public hearing on the new scheme with a view to […]

National confab is call for anarchy, says Senate (What are you afraid of?)

    Probes corruption in sports sector WITH a dispiriting verdict that the raging agitation for a Sovereign National Conference (SNC) is an invitation to anarchy, the Senate left no one in doubt yesterday that it would not yield to the  clamour. The Senate, which is riled by the perennial failures of  the  handlers of […]

Budget: North rejects Southsouth’s vote

Hon.Tambuwal Reps plan to summon Okonjo-Iweala   IT was meant to fast track development, rebuild infrastructure and create jobs. But this year’s budget has, even before it takes off, become a document of acrimony. The Northern Caucus of the House of Representatives is protesting against the capital allocation to the Southsouth as against the share […]

2012 budget: CBN dares N’Assembly

The National Assembly and the Central Bank of Nigeria (CBN) may be on collision course over refusal of the apex bank to submit details of its 2012 budget for legislative scrutiny and approval. Rather than the full budget, CBN submitted a medium-term budget forecast for 2012-2015. Daily Sun gathered that Appropriation Committees in both chambers […]

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