Senate Urges President Buhari To Submit Budget Of Omitted Statutory Corporations In 2 Weeks
The Senate at its plenary session on Wednesday, 17thMay 2017 condemned the non-submission by some Statutory Corporations, of their 2017 Budget and described it as a violation of sections 21(1) (2) and (3) of the Fiscal Responsibility Act (FRA), 2007, which states as follows: “(1) The Government Corporations and Agencies and government owned companies listed […]
Proceeds Of Crime Bill Scales Second Reading In The Senate
A Bill making “comprehensive provisions for the confiscation, forfeiture and management of proceeds of crime derived from unlawful activities” passed second reading in the Senate. Leading the debate at the plenary session of Wednesday, May 17th 2017, Sen. Mohammed Hassan (PDP: Yobe) stated that the bill is aimed at providing a legal and institutional framework […]
Bill To Manage Government Assets Including Those Seized By Efcc, Icpc, Police & Ors Passes Second Reading In Senate
A Bill to Establish and Regulate the Nigerian Assets Management Agency with the responsibility of managing all Government Assets including those seized, forfeited or taken over by Federal Government Bodies such as the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences (ICPC), Nigeria Police, Nigeria Customs and the Nigerian Security […]