The bill seeks to repeal the Investments and Securities Act, 2007 and enact the Investments and Securities Act, 2024. The senate has approved the second reading of a bill seeking to repeal the Investments and Securities Bill Act 2007. This followed the consideration of a bill sponsored by Sen. Opeyemi Bamidele and co-sponsored by Sen. Osita Izunaso (APC, Imo West) during Tuesday’s plenary. The bill is titled, “A bill for an Act to repeal the...
OrderPaper’s Legislative Intelligence Forecast Entry (LIFE) presents possible discussions on a wide range of issues, including bank alarm bells, that will be addressed in the National Assembly this week. As the National Assembly prepares for another plenary week, it is as usual, poised to engage in extensive deliberations on several pressing matters of national significance. This week, the National Assembly will engage in discussions covering a wide range of issues crucial to Nigeria’s progress and...
In a memo to the senate committee on constitutional review, former vice president Atiku Abubakar has advocated for amendments to Nigeria’s constitution. See memo below. READ MORE: Minister summoned as Atiku writes senators | SENATE GIST TODAY
The re-introduction of the south-south development commission bill and request from Tinubu were the issues discussed in the senate today. Senate amends N/W, S/W Commission Laws over leadership positions The Senate has passed for second reading a bill to amend the North West Development Commission Act 2024. The bill seeking to provide for political representation in the Governing Board of the Commission was sponsored by Senator Opeyemi Bamidele (APC, Ekiti Central). Bamidele emphasised that the...
While the NDDC addresses the Niger Delta oil producing region in a broad sense, the South-South Development Commission will hone in on the specific developmental, economic, and ecological challenges facing the South South. The senate has passed for second reading, a bill seeking to establish the South-South Development Commission. The commission, when established, will be saddled with the responsibility to receive and manage funds from the federation account allocation and other sources, donations, grants, aids...
Senate summons Dave Umahi over deplorable road in Oyo state, steps down bill to prescribe licence for private investigators, and Atiku’s proposal for rotational presidency is among the things addressed at the senate today. Senate summons Dave Umahi over deplorable road in Oyo state The senate has summoned the minister of works, Dave Umahi, over the deplorable state of the old Oyo-Ogbomosho road. This followed a motion of urgent public importance moved by Sen. Abdulfatai...
Oshiomhole noted that the bill will lead to a licence for extortion and blackmail and it will end up being uncontrollable. The senate has stepped down a bill seeking to prescribe standard and conditions of licence for operation and practice of private investigators in the country. The bill was stepped down for further consideration following an extensive debate during Wednesday’s plenary. The sponsor of the bill, Sen. Osita Ngwu (PDP, Enugu West) had earlier noted...
The first year of the 10th Senate saw a total of 475 bills sponsored between June 2023 and May 2024. Of these 475 bills, the top 10 ranking lawmakers in the 10th senate sponsored 61 bills. Ranking members are those lawmakers who have served more than one term in the Senate or the House of Representatives. Interestingly, some of these ranking members have spent a decade and more in the National Assembly. As a means...
Amongst matterss addressed in the senate today are the establishment of the Nigerian Police Force training institute, the establishment of the South-west Development Commission, an additional supplemenetary budget for Abuja and confirmation of a presidential nominee. Passage of South West Development Commission bill The senate has passed a bill to establish the South West Development Commission (SWDC) which will address the environmental, ecological, and development challenges facing the south-west region of Nigeria. The bill passed...
The bill seeks the implementations of critical developmental projects across the nation’s capital city. The senate has passed a bill seeking the approval of a N288 billion supplementary budget for the Federal Capital Territory Administration (FCTA), Abuja. This followed the consideration and approval of the bill’s recommendation by all senators present during Thursday’s plenary. The bill is for an Act to issue from the Federal Capital Territory Administration Account the total sum of N288bn arising...
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