Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill (PIB) 2021. President of the Senate, Ahmad Lawan, disclosed this at Wednesday’s plenary. Lawan said the briefing was to educate senators on the technicalities and financial implications of certain provisions of the PIB. He said the briefing would take place behind closed doors and would last for about an hour. Lawan also said that Thursday’s plenary would be entirely devoted to the consideration of the report. “Before plenary tomorrow, the leadership of the Senate has decided to invite NNPC GMD to come and brief us in a closed session. “The opportunity is for those of us who are not members of the joint commi...
Governor Bello Matawalle of Zamfara has officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). Matawalle announced his defection to APC in Gusau on Tuesday at a special grand rally to receive him to the party, organised by the National Caretaker Committee of the APC led by Governor Mai-Mala Buni of Yobe. “As from today, I Bello Matawallen Maradun, governor of Zamfara, I am happy to announce my defection from the PDP to the APC. “As from today, I am a full APC member and leader of APC in Zamfara. “I am calling on all APC stakeholders in the state to join hands with me to build the party and move the state forward,” Matawalle said. Earlier, Buni had described Matawalle’s defection as a welcome development to the APC not only in Zamfara but in Nige...
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 ...
The Chief of Defence Staff (CDS), General Lucky Irabor, and the three service chiefs are to appear before the Senate Thursday (today) over the deteriorating security situation in the country. The Senate had at plenary last week summoned the CDS and the service chiefs to brief it on the efforts being made by government to surmount the security challenges facing the nation. The service chiefs who will join the CDS to brief the upper legislative chamber by 10am are the Chief of Army Staff, Lieutenant-General Ibrahim Attahiru; Chief of Naval Staff, Vice Admiral Awwal Zubairu and the Chief of Air Staff, Air Marshal Ishiaka Oladayo Amoo. The top military brass are expected to not only brief the Senators about security issues but also take questions from the legislators over the worrisome securit...
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, ...