The Nigerian Senate has given its Committee on Foreign and Local Debts 14 days within which to process President Muhammadu Buhari’s request for a fresh ₦2.343 trillion ($6.183 billion) for approval. Senate President Ahmad Lawan gave the directive at the commencement of Tuesday’s plenary session shortly after the Senate Majority leader, Yahaya Abdullahi, drew the attention of the Senate to the pending request. The Senator Clifford Ordia-led Committee on Foreign and Local debt had approved a total of $28 billion so far. The current request will take the total loan approved to $35.683 billion. Buhari had urged the Senate to approve N2.3 trillion ($6.183 billion) external borrowing. He said the loan was to finance the 2021 budget deficit of N5.6 trillion. The President indicated that the loan ...
Two Senate Democrats are urging federal regulators to take “corrective actions” against Tesla to prevent further misuse of the company’s advanced driver assist feature. The request comes in the aftermath of a fatal crash in which two men from Texas were killed after their Tesla Model S crashed with no one in the driver’s seat. In a letter sent to National Highway Traffic Safety Administration Acting Administrator Steven Cliff, Senators Ed Markey (D-MA) and Richard Blumenthal (D-CT) implored the agency to determine the exact cause of this recent crash to “better inform” future legislation around advanced driver assist systems like Tesla’s Autopilot. “We strongly urge you to conduct a complete investigation into Saturday’s fatal Tesla vehicle crash and develop recommendations for improving a...
The Code of Conduct Bureau (CCB) on Wednesday explained why it denies Nigerians access to the details of the assets declared by public officers. The chair person of the bureau, Muhammad Isah, also disclosed that assets declaration would soon become online-based. Mr Isah, represented by his special assistant, Mustapha Musa, spoke in Lagos at a meeting on ‘Promoting Transparency and Accountability in Asset Declaration by High-Ranking Public Officers’. Newsmen report that the meeting was organised by the Socio-Economic Rights and Accountability Project (SERAP). On access to public officers’ assets information, the CCB chair said the bureau never honoured citizens’ requests for such information because the National Assembly had yet to give the guidelines for such public disclosure. He said the...