The Senate has received a request from President Muhammadu Buhari, to amend the Petroleum Industry Act 2021 passed by the National Assembly over two months ago. The request was contained in a letter dated September 16, 2021, and read during plenary on Tuesday by the Senate President, Ahmad Lawan. President Buhari in the letter explained…
The Senate has received a formal request from President Muhammadu Buhari to consider and approve an external loan to fund projects captured under the 2018-2021 borrowing plan. The letter dated 24th August, 2021 was read during plenary by the Senate President, Ahmad Lawan. Buhari in the letter explained that the projects listed in the 2018-2021…
The Senate on Thursday approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 (USD) and €490,000,000 (Euros) under the 2018-2020 External Borrowing (Rolling) Plan. The approval followed the consideration of a report on the 2018-2020 External Borrowing (Rolling) Plan by the Committee on Local and Foreign Debt. Chairman of the…
The Senate has faulted the Nigerian National Petroleum Corporation for under remitting the sum of N3,878,955,039,855.73 trillion revenue from domestic crude oil sales to the Federation Account for the period of January to December, 2015. Accordingly, the upper chamber called on the Corporation to desist from further deduction at source as this contravenes Section 162(1)…
The Senate on Tuesday rejected the nomination of Lauretta Onochie (Delta) and stepped down that of Prof. Sani Muhammad Adam (North Central) for further investigation by the committee. This was just as it confirmed the appointment of five nominees as Commissioners of the Independent National Electoral Commission. Onochie’s rejection followed the consideration of a report…
Governor of Rivers State, Nyesom Ezenwo Wike, says Nigerians are disappointed with the Senate for confirming Ex-Service Chiefs as ambassadors. The red chamber on Tuesday confirmed Abayomi Olonisakin, former chief of defence staff; Tukur Buratai, former chief of army staff; Ibok-Ete Ibas, former chief of naval staff, and Sadique Abubakar, former chief of air staff,…
The Senate on Wednesday confirmed Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC). The confirmation was done after a screening exercise that lasted for over two hours and presided over by the Senate President, Ahmad Lawan. Bawa ushered into the hallowed Chamber at 11.45am by the Senior Special Assistant…
The senate on Tuesday confirmed the nomination of the Ex-Service Chiefs as Non-Career Ambassadors. They include former Chief of Defence Staff, General Abayomi Olonisakin; the former Chief of Army Staff, Lieutenant General Tukur Buratai; and the former Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas. Others are former Chief of Air Staff, Air Marshal Sadique…
The Senate on Wednesday directed its Committees on Petroleum Downstream, Gas Resources to investigate the remote and immediate causes of gas tanker explosions in parts of the country, with a view to preventing a recurrence and report back in two weeks. The upper chamber has also urged the regulatory and licensing authorities of the Department…
In his loan request letter to the National Assembly last Tuesday, 25th of October, 2016, President Buhari said the external loan, will fund targeted projects cutting across all sectors with special emphasis on infrastructure, agriculture, health, education, water supply, growth and employment generation. Other sectors, he said, included poverty reduction through social safety net programmes…