The Senate has indicted the Bank of Agriculture in Kaduna over a N3.2 billion loan disbursed to 10 vendors to purchase tractors and other equipment for allocation to end users. The indictment was sequel to the 2016 report of the Auditor General of the Federation considered by the Senate Public Accounts Committee chaired by Senator Mathew Uhroghide. After an investigation …

The Budget Office of the Federation has been indicted for releasing  N19 billion to four unnamed agencies without approval of the Ministry of Finance the Senate has revealed. This is contained in the 2016 Report of the Auditor General of the Federation adopted by the Senate. According to the AuGF, the Budget Office violated extant financial regulations when it released the …

The Senate on Wednesday indicted 37 Ministries, Departments, and Agencies (MDAs) of the Federal Government for various financial infractions. The alleged offences are contained in the 2016 report of the Auditor General of the Federation (AuGF) which was adopted by the Senate. The resolution of the Red Chamber followed its consideration of the report of the Senate Public Accounts Committee …

The Senate on Tuesday rescinded its decision on the financier of the Kaduna- Zaria-Kano railway project in the country from the China Exim Bank to the China Development Bank. With this development, the Senate has harmonised the terms of the 2016-2018 Federal Government’s external borrowing plan for the project. The resolution was a sequel to a motion by Senator Sadiq …

The Senate, on Tuesday, gave the Ministry of Communications and Digital Economy a 48-hour ultimatum to account for the N13.9 billion it collected from service-wide votes from 2017 to 2021. The ultimatum given by the Senate Committee on Public Accounts to the Permanent Secretary of the ministry, William Alo, followed his failure to tender documentary evidence on how the N13.9 …

The Senate witnessed a rowdy session on Wednesday as the upper legislative chamber discussed a motion on the Naira Redesign Policy of the Central Bank of Nigeria (CBN), which was moved by the Chairman of its Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani. In the prayers to his motion, Sani urged the Senate to provide legislative …

The Senate has confirmed Justice Olukayode Ariwoola as the Chief Justice of Nigeria (CJN). He was named in acting capacity to replace Mr Justice Ibrahim Tanko Muhammad who retired on 27th June. Ariwoola was 68 years old last 22nd August. At the resumption of plenary on Wednesday, Senate Minority Leader, Senator Ibrahim Gobir moved two motions for the upper chamber …

The Senate has carpeted the management of the Nigeria Social Insurance Trust Fund (NSITF) for failure to justify its spending of N17.158 billion in 2013. The Senate said the required evidential documents were said to have been eaten up by termites. The amount, which is stated in the 2018 audit report, was reportedly transferred between January to December 2013 by …

Amid the electricity crisis compounded by the recent collapse of the national grid, the Senate on Thursday passed the Electricity Bill 2022 which would allow states to generate and distribute power, as well as solve the sector’s challenges. Senate Committee Chairman on Power, Gabriel Suswam said the bill sought to provide an ideal legal and institutional framework to leverage the …

The Senate on Tuesday altered the Electoral Act and provided for the participation of statutory delegates in the conventions, congresses or meetings of political parties in Nigeria. The expeditious consideration followed the suspension of relevant Senate Rules to pave the way for the first, second and third readings of the bill same day. Titled, “A bill for an Act to …