The Central Bank of Nigeria (CBN) governor, MDs of commercial banks and other financial institutions have been tasked on POS operations The House of Representatives has called for immediate measures to address the challenges posed by undocumented identities in Point of Sale (POS) transactions in Nigeria. This is as it mandated its committees on digital and electronic banking, finance, banking regulations, and financial crimes to invite the governor of the Central Bank of Nigeria (CBN),...
A person found guilty of engaging in organ trafficking faces a minimum sentence of 15 years imprisonment A bill aimed at prohibiting and penalizing organ trafficking in Nigeria has advanced in the House of Representatives. Sponsored by Rep. Fuad Kayode Laguda (APC, Lagos), the proposed legislation passed its second reading on Tuesday, marking a significant step toward addressing a long-standing issue in Nigeria and globally. Key Provisions of the Bill The bill seeks to amend...
It was a colourful plenary on Tuesday as members wore orange mufflers in solidarity with campaigners against Gender-Based Violence (GBV). Here are highlights of how it went down in the House today Reps in orange mufflers in activism against GBV Members of the House of Representative wore orange mufflers in solidarity with women in commemoration of the 16 days activism against Gender based Violence (GBV). Coming under order 8 rule 6 to offer personal explanation,...
The House of Representatives recognises that locally acquired data is required to fix Nigeria’s housing deficit and has tasked its committees accordingly
The House plenary on Thursday focused on a made-in-Nigeria bill and Benue flood as well as land disputes in the middle-belt state Reps address flood impact in Benue Several flood impacts and land disputes in Benue State got the attention of the House on Thursday. Lawmakers urged the National Emergency Management Agency (NEMA) to provide relief materials to cushion the hardship of people in the affected areas. The House also asked security agencies to beef...
The House of Representatives has called for an increase in the budget of the Bureau of Public Procurement (BPP) The House of Representatives has called on the Federal Government, through the Ministry of Budget and Economic Planning, to review and increase the budgetary allocation to the Bureau of Public Procurement (BPP). The House highlighted that the bureau’s budget must align with the nation’s current realities in subsequent budget estimates, ensuring that it can effectively carry...
In the last House session, tax authorities allay fears on President Tinubu’s tax bills as reps demand reversal of hikes in petrol and cooking gas prices while works minister is summoned FIRS says no new taxes will be introduced Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), has assured Nigerians that the ongoing President Bola Tinubu tax reform will reduce taxes, not introduce new ones or raise existing tax rates. He clarified...
The House of Representatives has called on President Tinubu to ensure timely submissions of 2025 Budget or risk rejection The House of Representatives has called on President Bola Tinubu to present the 2025 budget without further delay, warning that failure to do so could result in its outright rejection. This resolution followed a motion raised by Rep. Clement Jimbo (APC, Akwa Ibom), highlighting the executive’s non-compliance with section 11(1)(b) of the Fiscal Responsibility Act (FRA)...
A budget increase for FERMA, the ill-treatment of the super eagles by Libyan federation are major highlights from House today Reps demand 20 percent of work ministry’s 2025 budget for FERMA The House of Representatives has urged the ministries of budget and economic planning, finance and budget office of the federation, to allocate 20 percent of the ministry of works’ budget for the 2025 budget to the Federal Road Maintenance Agency (FERMA) to enable the...
Fiscal bills aimed at addressing loopholes in the existing framework and empower the Fiscal Responsibility Commission (FRC) scales second reading In a bid to enhance Nigeria’s economic stability and strengthen the management of its financial resources, the House of Representatives on Tuesday passed for second reading a set of consolidated bills seeking to repeal the Fiscal Responsibility Act of 2007 and re-enact a new Fiscal Responsibility Act, 2024. The proposed legislation, sponsored by the...
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