• $17bn missing crude: Reps fault $2.7b deposited in CBN

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    The House of Representatives  Adhoc Committee probing the $17 billion dollars allegedly stolen from undeclared crude oil and liquefied gas sale sold in the global market yesterday, queried the $2.749 billion deposit paid into the Central Bank of Nigeria (CBN) on behalf of some oil marketers involved in the lifting of crude oil and Liquified Natural Gas (LNG). Some…

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  • Reps Decry Hike In DSTV Subscription Rates

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    …demand ‘pay as you go’ option The House of Representatives has mandated its committee on Information National Orientation Ethics and Values to interface with the Nigeria Communications Commission, the Consumer Protection Council and the Multichoice Satellite Television company, DSTV to address the exorbitant charges as well as the refusal to adopt ‘pay as you go’…

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  • CVR: Reps Chides INEC Over Non-Compliance With Electoral Act

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    Concerned with the breach of the Electoral Act, 2010 and likely disenfranchisement of Nigerians who have attained the official voting age, the House of Representatives has mandated its committee on Electoral and Political Party Matters to investigate the non-compliance of INEC with the provisions of the Act on continuous voter registration. The resolution is consequent…

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  • Reps To Tackle Rising Cost Of Kerosene

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    The House of Representatives has urged the federal government to formulate a policy framework on the deregulation of kerosene as was done with diesel and PMS to address the current hike in price of the product. The call was sequel to a motion moved yesterday by Hon. Segun Adekola who noted that the Dual Purpose…

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  • 20% Of Naira In Circulation Fake – Ex-CBN Dep Gov

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    The former deputy governor of the Central Bank of Nigeria (CBN), Obadiah Mailafiya, has disclosed that 20 per cent of the naira in circulation in Nigeria is fake. Delivering a paper at the beginning of the three-day public hearing on 2017 budget, Mailafia posited that it would be impossible to be bring down prices of…

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  • EFCC Recovers N4bn In 2 Weeks

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    The Economic and Financial Crimes Commission (EFCC) hinted yesterday that two weeks ago, it recovered $9.750 million and £750,000 from a residence in Kaduna State and an additional N1.25 billion from a public servant. Chairman of the commission, Ibrahim Magu who disclosed this at a budget appraisal and defense session of the House of Representatives…

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