The Nigerian Senate on Wednesday confirmed Lamido Yuguda as the Deputy Governor of the Central Bank of Nigeria (CBN). The confirmation follows his screening and clearance by the Senate Committee on Banking, Insurance and Other Financial Institutions. Recall that President Bola Tinubu had, in March, approved the appointment of Yuguda as Deputy Governor of the…
President Bola Ahmed Tinubu has sought the Senate’s approval for a $516.3 million loan to fund part of the Sokoto-Badagry Superhighway project. Newsmen reports that the request was conveyed in a letter addressed to Senate President Godswill Akpabio and read during Thursday’s plenary. The President said the project is a 1,000-kilometre flagship highway designed to…
The Chairman of the Senate Committee on Tertiary institutions and TETFund, Senator Aliyu Dandutse, made the disclosure after a closed-door session with the leadership of ASUU. This followed the ongoing two-week warning strike resulting from longstanding issues that dated as far back as 2011. He further noted that the Senate would immediately initiate a negotiation…
The Nigerian Senate has given the executive a two-week deadline to submit a holistic, documented progress report on the implementation of the 2024 budget, as well as projections for the 2025 budget, before it will entertain the Medium-Term Expenditure Framework, MTEF. Chairman of the Senate Committee on Finance, Sani Musa, issued the ultimatum at a…
The Senate is set to pass the tax reform bills forwarded by President Bola Tinubu to the National Assembly today (Tuesday), newsmen has learned. This development was confirmed by two prominent senators who requested anonymity, as they were not authorised to speak on the matter. “This should have been done last week had the Rivers…
The Senate on Thursday suspended Senator Natasha Akpoti-Uduaghan, representing Kogi Central, for a period of six months. The decision followed the recommendations of the Senate Committee on Ethics, Privileges, and Public Petitions, which found her guilty of misconduct and failure to appear before the committee. The suspension stems from allegations of sexual harassment that Akpoti-Uduaghan…
The Nigerian Senate has vowed to allocate adequate funds to agencies of government that play watchdog roles, stating that those agencies cannot continue to be weakened by underfunding, given their strategic and critical roles in compelling revenue generating agencies to comply with financial regulations. Senate Committee Chairman on Finance, Mohammed Sani Musa stated this during…
The Nigerian Senate has stated that the proposed multilateral and bilateral N40 billion deductions as contained in the 2025 budget document of the Federal Ministry of Water Resources and Sanitation will clearly leave activities of the Ministry unfulfilled in the provision of water to deserving Nigerians. This position was highlighted by the Senate Committee on…
The Nigerian Senate has admitted that there was an error in its earlier resolution asking President Bola Tinubu to sack Umar Danladi as chairman of the Code of Conduct Tribunal over allegations of corruption and misconduct. The red chamber of the National Assembly, however, insisted that it did not invalidate its decision to sack the…
The Nigerian Senate will on Tuesday screen the ministerial nominees forwarded to it by President Bola Tinubu last week. Tinubu had on October 24, written the upper legislative chamber seeking for the screening and subsequent confirmation of seven ministerial nominees The request, which was contained in a letter addressed to the President of the Senate,…