The House of Representatives’ Committee on Public Accounts has confirmed the allegation by President Muhammadu Buhari that some committees of the National Assembly are passing budgets for ministries, departments and agencies of the Federal Government illegally. It was reliably gathered recently that the committee, after making the discovery, wrote to[Read More…]
Tag: house of reps
Reps panel threatens to order CBN to take over Heritage Bank over debt
A house of representatives committee has threatened to ask the Central Bank of Nigeria (CBN) to take over the operations of Heritage Bank for allegedly owing the federal government more than its share capital. The ad hoc committee investigating the status of all recovered loots, movable and immovable assets from[Read More…]
Reps panel asks NERC to suspend electricity tariff increase
The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff. NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1. But at its meeting in Abuja on[Read More…]