The passage of this FCT supplementary bill clearly means that Ireti’s motion might no longer be taken as the Senate has also embarked on a recess. Senate silences Ireti over clash with Wike During the days plenary, on the second order of the day was a report from the Committee on FCT on the 98.5bn FCT Supplementary Appropriation Bill. However, opposing the consideration of this report, embattled Senator Ireti Kingibe (LP, FCT) raised a point...
Government procurement or as popularly known as Public Procurement in Nigeria is governed by the Public Procurement Act 2007. The Senate has passed for first reading, a bill seeking to amend the Public Procurement Act. The bill was sponsored by Senator Osita Ngwu (PDP, Enugu West) during Tuesday’s plenary. ● What is Public Procurement Public procurement refers to the acquisition of works as well as the purchase by governments and state-owned enterprises of goods and...
The Securities and Exchange Commission (SEC) has countered Binance for blatant disregard of the federal securities laws. The United States Senators Chris Van Hollen (D-Md.) and Elizabeth Warren (D-Mass.) have written to Attorney General Merrick Garland asking the Department of Justice (DOJ) to conduct an investigation into allegations that the cryptocurrency exchanges Binance and Binance.US made a number of false statements to Congress. The request of both senators who are also members of the Senate...
OrderPaper organised a dialogue centred on the pivotal role of private sector engagement to address public finance management in Nigeria. The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq has called on the private sector to actively engage with the public sector to uphold accountability and prudent management of public resources. Muruako made this known while speaking at a private sector dialogue on public finance management and fiscal reforms on Monday, June...
A minute silence was held in honour of the victims who were buried alive during the tragic incident at an illegal mining site. The Senate has called on the Federal Government to come out with strict safety measures and regulation on mining activities in Nigeria in line with international best practices and deploy adequate security apparatus to the mining communities in order to maintain vigilance around mining areas to prevent further incursions and intrusion by...
The nominees had been screen by the senate committee and they had all met the necessary requirements. The Senate has confirmed the appointment of Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC). This is as it confirmed the appointments of Samiya Hassan Usman as executive commissioner (corporate services), Abimbola Oyebola Ajomale as executive commissioner (operations) and Frank Chukwuogor as executive commissioner (legal and enforcement). The confirmation of these appointments, followed the...
President Tinubu has assured that the Bill will ensure to domesticate and enforce in Nigeria, the international convention against doping in sports ahead of the 2024 Olympic Games in France. The Senate has passed a bill seeking to prohibit Nigerian athletes from consuming performance-enhancing substances during or after sporting competitions. The passage of the executive bill was sequel to the consideration and approval of the report of the Senate joint committee on judiciary, human rights,...
The second reading of the bill was earlier stepped down pending when copies of details would be made available for senators. The Senate has finally passed the N98.5bn FCT 2024 supplementary appropriation bill which had earlier led to a rowdy session in the Senate due to unavailability of a breakdown to Senators. The bill seeks to consolidate the ongoing projects in the FCT and the six area councils within the territory. It proposed a total...
The proposed legislation presents a significant opportunity to drive economic growth and diversification by creating a conducive environment for investment in gold. The Senate has passed for second reading, a bill for an Act to make provision for the establishment of a Nigeria Gold Reserve Agency. This was sequel to the consideration of a bill sponsored by Senator Natasha Akpoti-Uduaghan (PDP, Kogi Central) during Wednesday’s plenary. The bill seeks a robust framework for the harnessing,...
The Abuja budget bill was stepped down because there were no details of how N98.5billion would be spent on as supplementary appropriation The Senate has stepped down an Abuja supplementary budget bill seeking to approve a N98.5billion expenditure for ongoing projects within Abuja, the Federal Capital Territory (FCT). This was during Wednesday’s plenary session when the Senate Leader, Opeyemi Bamidele (APC, Ekiti Central), sought the chamber to debate the bill and possibly approve it. This...
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