Senate Rules
Senate passes amended AMCON bill, empowers agency to seize debtors’ assets
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
Donald Trump impeachment to be sent to Senate Monday – top lawmakers
Donald Trump will go on trial in the US Senate soon after an impeachment case against the former president is transmitted by the House of Representatives on Monday, top lawmakers announced. The House impeached the Republican leader for a historic second time on January 13, just one week before he left office, but Speaker Nancy Pelosi has yet to send the article of impeachment to the Senate. The step is necessary in order to launch the trial process. “I have spoken to Speaker Pelosi who informed me that the article will be delivered to the Senate on Monday,” Chuck Schumer, the new Democratic Senate majority leader, said in a floor speech Friday. “A trial will be held in the United States Senate and there will be a vote whether to convict the president,” Schumer told his colleagues. Trump wa...
