Reps probe 37 federal varsities over AuGF’s queries

By Emman Ovuakporie ABUJA—MEMBERS of the House of Representatives’ Public Accounts Committee, PAC, yesterday, commenced a large scale investigation into the finances and expenditures of the 37 federal universities across the country, with respect to their level of compliance with the Public Service Financial Regulation, PSFR. This followed the decision to act on pending queries […]

Reps want experts engaged in destruction of illegal refineries

The House of Representatives on Tuesday mandated its joint Committees to interface with relevant security agencies in the destruction of illegal refineries. The committees are Petroleum Resources (Upstream and Downstream), Environment, Habitat, Army, Navy, Interior, Niger Delta and Legislative Compliance. The committees and security agencies would ensure that officials of relevant Ministries, Departments and Agencies […]

N12bn crypto currency: Reps urge CBN to direct bank to release facility to Cashflowabi

By Emman Ovuakporie ABUJA—THE House of Representatives has asked the Central Bank of Nigeria, CBN, to direct Diamond Bank, in the overriding interest of 60,000 Nigerian subscribers, to release facility to Cashflowabi to disburse N12 billion Crypto currency to the depositors. This was contained in a four-page report and recommendation adopted by the House, following […]

Reps to investigate operations of Third Party Motor Vehicle Insurance Scheme

The House of Representatives has mandated its Committee on Insurance and Actuarial Matters to investigate the operations of the Third Party Motor Vehicle Insurance Scheme. The investigation is aimed at determining whether the insured are deriving benefits from the scheme and the constraints in its operations. This was sequel to a unanimous adoption of a […]

Reps c’ttee invites Emefiele, Yadam, Oke over NIA’s $43m

By Emman Ovuakporie ABUJA —The House of Representatives Committee on Public Safety, National Security and Intelligence, yesterday, invited the Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele; suspended Director-General of Nigerian Intelligence Agency, NIA, Ayo Oke, and acting Director-General of the agency, Arab Yadam, over the $43,449,947, £27,800 and N23,218,000 recovered by the Economic […]