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House of Representatives Archives - Page 2 of 77 - OrderPaper

Reps address depositors’ fears over Heritage Bank license revocation

The House of Representatives has assured the safety of depositor’s funds following the revocation of Heritage Bank’s license by CBN. The House of Representatives has assured the public of the safety of depositors’ funds following the Central Bank of Nigeria’s (CBN) decision to revoke Heritage Bank’s license and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the liquidators as stipulated by the Banks and Other Financial Institutions Act (BOFIA). The House urges the...

National Assembly intervenes to prevent nationwide strike by Labour unions

Akpabio and Abbas to mediate between the federal government, NLC and TUC to avert Monday’s nationwide Labour strike  The leadership of the National Assembly has announced its intention to mediate between the Federal Government and Organised Labour to prevent an indefinite nationwide strike set to begin on Monday, June 3, 2024. This was revealed in a joint statement on Sunday by Senator Yemi Adaramodu, Senate Spokesman and Rep. Akin Rotimi, Jr. House Spokesman. They urged...

EXCLUSIVE: Retired civil service director drafts bill seeking to return Nigeria to regional government

Part of a document of the drafted regional government bill went viral on social media on Friday. According to the document it is expected to be passed into law before October 1, 2024. In the spirit of returning to the Old National Anthem, Dr Akin Fapohunda, a retired director with the federal civil service, has drafted the bill seeking a return to the regional government in Nigeria as it was in 1963. Part of a document...

House Committee queries NIPC over N3.15b expenditure discrepancies

How can you tell me that NIPC generated N2.89 billion and on record, you spent N3.15 billion we asked, where did you get the money and who gave you the authority to spend above the budget? The House of Representatives Committee on Finance has raised concerns over the financial operations of the National Investment Promotion Commission (NIPC) after the agency reported an expenditure of N3.15 billion despite submitting a revenue of N2.89 billion for the...

25 Years of Unbroken Democracy: Lawmakers debate successes and failures

Rep members shared divergent views at the special joint session of the Senate and House making 25 years of unbroken democracy In a joint session held on Wednesday, members of Nigeria’s House of Representatives expressed divergent views on the achievements and challenges of the country’s 25 years of uninterrupted democracy. The session highlighted contrasting perspectives on the state of the nation and its democratic journey. Rep. Julius Ihonbvere (APC Edo), the Leader of the House,...

Reps blow hot, set to investigate CBN’s retrenchment of 600 employees 

Reps blow hot move to probe CBN’s retrenchment of 600 employees including directors, with almost all staff members in the Governor’s Directorate being terminated. On Wednesday, the House of Representatives resolved to investigate the conditions surrounding the recent dismissal of approximately 600 employees from the Central Bank of Nigeria (CBN). This was a sequel to a motion of urgent public importance moved by Rep. Jonathan Gbefwi (SDP, Nasarawa), during a plenary session on Wednesday. It could...

Amidst confusion, Tinubu’s appears before joint sitting 

Speaker Abbas informed that all expected activities to be carried out by President Tinubu will take place on June 12 which is the actual Democracy Day. Amidst the earlier confusion on the conflicting statements from Tinubu’s Special Advisers, President Bola Ahmed Tinubu alongside his vice, Kashim Shettima were present at the joint sitting of the Senate and House of Representatives. The convoy of the president arrived at the National Assembly at exactly 11:57 a.m.  The...

Nigerians must believe in President Tinubu in order to see his efforts – Rep Victor Abang

President Tinubu is doing all he can to convince the people that he means well, for the people. That is the greatest challenge because you need to get the people to believe in what you’re doing. The renewed hope government of President Bola Ahmed Tinubu came on board on May 29 2023. The President, delivering his inaugural speech, during his swearing-in ceremony courageously declared the removal of fuel subsidies as earlier touted during his presidential...

Reps summon First Bank, Zenith, GTB, UBA, Access over non-remittance of Education Taxes in billions of naira

Reps Summon First Bank and 13 other commercial banks others over Non-Remittance of Education Taxes worth billions of naira of between 2011-2022 in violation of the TETFUND Act. 14 commercial banks have been summoned by the House of Representatives Committee on Tertiary Education Trust Fund (TETFund) to appear before it alongside its tax consultants to reconcile the Education Tax Computation not remitted to TETFund by the banks between 2011 and 2022. Chairman of the Committee,...

Tinubu’s government is one of hopelessness, without direction – LP lawmakers

The LP caucus said it is bewildered that the state of the economy in Nigeria has dangerously continued on a free fall, one year after the inauguration of the current administration. The Labour Party (LP) caucus in the House of Representatives has described President Bola Tinubu’s one year in office as a reign of economic hardship, insecurity and hopelessness, which they said negates the Renewed Hope Agenda campaign promises. This was contained in a statement...

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