The bill seeks to amend the Nigeria Deposit Insurance Corporation Act No 63 of 2023 to make the Corporation more effective, safeguard its independence and autonomy and bring it in line with current realities and best practices. The Senate has passed for second reading, a bill seeking to guarantee the autonomy and independence of the Nigeria Deposit Insurance Corporation (NDIC). This followed the presentation of the lead debate on the general principles of the bill...
The Senate called on the social department of the FCT to ensure that the registration of orphanages and shelters be properly checked and verified. The Senate has called on the police force to rescue the 36 children who were abducted and believed to be trafficked out of the Federal Capital Territory (FCT). This is as it requested that the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) establish systems to prevent child trafficking...
According to Eke, it was as a result of his current job role as a Consultant to the World Bank which was conflicting with the appointment. A nominee for the Central Bank of Nigeria (CBN) Board, Urum Kalu Eke, has rejected the appointment of President Bola Ahmed Tinubu. The nominee’s rejection of the appointment was revealed following the presentation of a report by the Committee on Banking, Insurance and Other Financial Institutions presented by its...
The majority of the Senators, in their contributions, kicked against Nwoye’s argument because States like Kogi and Lagos States are not covered by NDDC operations. The Senate has rejected a bill seeking to include Anambra State as a member of the Niger Delta Development Commission (NDDC). The bill titled, “A bill for an Act to Amend the Niger Delta Development Commission (NDDC) Act to make provisions for the inclusion of Anambra State as one of...
Senator Ali Ndume promised to use his resources to secure more opportunities for disabled soccer players, after donating N1 million to support the team. Senator Mohammed Ali Ndume (APC, Borno South) has revealed that the National Assembly is planning to amend the laws that establish the National Commission for Persons with Disability and increase the penalties imposed on heads of Ministries, Departments, and Agencies (MDAs) for turning down qualified disabled Nigerian candidates for employment. Ndume,...
The Senate observed a minute of silence in honour of those killed by bandits. The Senate has called on the Inspector General Of Police to ensure the installation of CCTV cameras in strategic locations within and around Abuja highways and other major capital cities to bolster surveillance and deter criminal activities. This is as the Senate resolved to Invite the Commissioner of Police, the Minister of Police Affairs and the FCT Minister to brief the...
President Bola Tinubu sent a request to the Senate requesting the sack of the FCCPC boss The Senate has approved a request from President Bola requesting the sack of the Federal Competition and Consumer Protection Commission Executive Vice Chairman (FCCPC), Babatunde Irukera. This according to President Tinubu is in accordance with Section 8 (1)(b) and (2) of the Federal Competition and Consumer Protection Commission Act, 2018. READ ALSO: Kawu questions Tinubu’s removal of MDGIF boss ...
To carry out an effective investigation into the N30trn Ways and Means, the Senate has set up an ad hoc committee to report back in 4 weeks. The Senate is set to commence an investigation into the payment of N30 trillion “Ways and Means” secured from the Central Bank of Nigeria (CBN) by the immediate past government in the last 10 years and has set up an ad hoc committee to carry out a holistic investigation...
This, according to the Senate is intended at working out practicable templates and implementable modalities for the actualisation of the program. The Senate has urged the Federal Government to introduce the Nigerian version of the Food Stamps program as an interventionist measure to cushion the effects of food insecurity/shortage in the country. It therefore mandated the Federal Ministry of Agriculture to liaise with development partners and other relevant stakeholders, especially the Lagos Food Bank Initiative,...
The Senate proposed a 6-year single term for CBN governors and a one-year notice for the replacement of existing banknotes. The Senate has passed for second reading a bill seeking some amendments to the Central Bank of Nigeria (CBN) Act, including a proposal to increase the Bank’s authorised capital to N1 trillion. The bill also seeks to ensure that the Apex Bank gives a notice of at least one year to replace the existing legal...
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