OMO-AGEGE NOT IN SENATE TODAY AS HE AND ALI NDUME ARE SUMMONED OVER MACE THEFT

The national assembly has summoned Ovie Omo-Agege, senator representing Delta central, and Ali Ndume, senator representing Borno south, over their alleged roles in the theft of the senate’s mace as Omo-Agege fails to attend planery today as he earlier promised   On April 18, Omo-Agege invaded the red chamber with suspected thugs and the mace, […]

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NEW PIB BILL PASSED BY SENATE WILL FURTHER COLONISE NIGER DELTA REGION – GROUP

The Foundation for Human Rights and Anti-Corruption Crusade has said the new the Petroleum Industry Governance Bill (PIGB) passed into law by the Senate is not different from existing obnoxious, draconian and inimical laws that governed the petroleum industry. This is contained in a release signed by Alaowei E. Cleric, the group’s National President. Below […]

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Finance Minister confirms that Nigeria is “technically in a recession” as CBN says Crude oil earnings drop by N41bn in one month

The minister of finance, Kemi Adeosun has said that Nigeria is “technically in a recession”. Fielding questions from senators on Thursday, Adeosun explained that the previous administration did not adequately tackle the economic challenges faced by the country. “Are we in recession? Technically, yes we are, “she said. “The previous administration was borrowing to pay […]

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CBN Gov. confirms IMF fears, Nigeria is in recession, FG can’t pay civil servants salaries from October

Nigerians may need to brace up for harder times as the Governor of the Central Bank of Nigeria, Godwin Emefiele, may have made some gloomy revelations about the country’s economy. The CBN governor, in a closed-door meeting with the Senate, disclosed that the Federal Government might not be able to pay its workers’ salaries, effective […]

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Hunger, disease loom as Niger Delta Avengers threaten implementation of N6.06t 2016 budget -SGF

The Secretary to the Government of the Federation (SGF), Babachir David Lawal, on Wednesday declared the Federal Government cannot fully implement the N6.06 trillion 2016 budget as passed by the National Assembly. Lawal told a joint Senate committee on Appropriations, Finance and Ethics, Privileges and Public Petitions that the revenues of the government had dropped […]

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EFCC boss in N1 trillion fraud scandal: Senate investigates petition

Ibrahim Lamorde’s ‘talisman’ as Chairman of the Economic and Financial Crimes Commission-EFCC appears to have faded, as authorities have risen to investigate the alleged atrocities going on in the Commission. Following weighty petitions to the Senate President on the alleged fraudulent practices going on in EFCC under the chairman’s watch, the Senate Committee on Ethics, […]

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