Senate Suspends Senator Ovie Omo-Agege Representing Delta Central Senatorial District

PLAC

The Senate has suspended Sen. Ovie Omo-Agege (APC) representing Delta Central Senatorial District, Delta State over comments he made in February 2018, stating that the amendment to section 25 of the Electoral Act, 2010 (as amended), bordering on the reordering of the sequence of elections, was targeted at President Muhammadu Buhari. Presenting the report of […]

Senate Passes Industrial Development (Income Tax Relief) Bill

PLAC

The Senate at its plenary session of Thursday, 12 April 2018 passed the Bill to amend the Industrial Development (Income Tax Relief) Act, 2004 (SB 638). The Bill seeks to create a comprehensive legislative framework to assist the Nigerian Investment Promotion Commission (NIPC) perform its functions effectively. Presenting the report on the Bill, Chairman, Committee […]

House Rescinds Eleven Bills Passed By The National Assembly

PLAC

The House of Representatives at its plenary session on Wednesday, 28 March 2018 moved a motion to rescind eleven bills passed by the National Assembly and sent to the president for assent. Moving the motion on the floor of the House Hon. E.Y. Orker-Jev (APC: Benue) stated that the under mentioned Bills were passed by […]

President Buhari Writes House Requesting Passage Of Bill To Effect Promissory Note Programme And Bond Issuance To Settle Inherited Local Debts

PLAC

President Muhammadu Buhari has written to the House of Representatives requesting for the passage of a Bill effecting the Promissory Note and Bond Issuance Programme to clear long-standing obligations inherited by his administration. Reading the communication from the President addressed to the House of Representatives at its plenary session on Tuesday, 27th March, 2018, the […]

House To Conduct Comprehensive Audit Of Revenues Accruable To The FCTA Through The Abuja Investment Company Limited, Its Subsidiaries & Affiliates

PLAC

The House at its plenary session on Wednesday, 14 March 2018 mandated its Committee on Federal Capital Territory to conduct an extensive audit on all contract agreements entered into on behalf of the Federal Capital Territory Administration (FCTA) through the Abuja Investment Company Limited (AICL) and its subsidiaries or affiliates in view of ascertaining the […]

Senate Passes National Transport Commission Establishment Bill, 2018

PLAC

The Senate at its plenary session of Thursday, 15 March 2018, passed the National Transport Commission Bill, 2018. The Commission is to serve as an independent Commission responsible for regulating the transport industry. Presenting the report of the Joint Committees on Land Transport, Marine Transport and Aviation, Sen. Gbenga Ashafa (APC: Lagos) stated the objectives […]

President Buhari Withholds Assent On The Electoral Act (Amendment) Bill, 2018

PLAC

President Muhammadu Buhari has withheld assent on the Electoral Act (Amendment) Bill, 2018. Reading the communication from the President addressed to the House of Representatives at its plenary session on Tuesday, 13th March, 2018, the Speaker Yakubu Dogara (APC: Bauchi) stated that the President had declined assent to the Electoral Act (Amendment) Bill in addition […]

Senate To Investigate The Increasing Rate Of Child Labour, Molestation And Abuse

PLAC

The Senate at its plenary session of Tuesday, 6 March 2018 mandated its Committees on Health, Women Affairs and Youth Development to investigate the sudden and disturbing rise in the rate of child labour, molestation and abuse in Nigeria. Presenting the motion titled “Urgent need to stop the increasing rate Child Labour, Molestation and Abuse […]

Senate Passes The Federal Audit Service Commission Bill, 2018

PLAC

The Senate at its plenary session of Thursday, 1 March 2018, passed the Federal Audit Service Commission Bill, 2018. Among others, the Bill seeks to establish the Office of the Auditor General of the Federation; provide additional Powers and functions for the Office; establish the Federal Audit Service Commission; repeal the Audit Act 1956, Public […]

House To Investigate Stagnation In Some Quoted Stocks On The NSE

PLAC

The House at its plenary session of Wednesday, 28 February 2018 mandated its Committees on Capital Market and Institutions, Insurance and Actuarial Matters to investigate the prolonged market dysfunction of the Nigerian Stock Exchange. The Committees are also supposed to confirm the pricing template used in recent acquisitions of publicly quoted Nigerian Insurance companies and […]