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Tag: House of Representatives

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Reps deny Binance CEO bribe allegation

The House of Representatives has denied demanding bribes from Binance, a popular cryptocurrency platform. This follows a bribery allegation made by the Binance Chief Executive Officer, Richard Teng, in a blog post published by the New York Times on Tuesday. Binance CEO Tuesday said some unidentified people in Nigeria were trying to make their troubles […]

Bill for tax crimes commission passes second reading
News

Bill for tax crimes commission passes second reading

National Tax Crimes and Oversight Commission bill was successfully passed by the House of Representatives on its second reading on Wednesday. Following a plenary session in which the chief sponsor of the measure, Rep. Benjamin Kalu, stated its key goals, the bill was passed by the house according to The Times. Kalu promoted the initiative […]

Reps proposes bill to ensure timely salary payments
News

Reps proposes bill to ensure timely salary payments

House of Representatives has proposed a bill that would make it unlawful for corporations and businesses in the country to withhold or postpone paying their workers’ salary. The House representative for the Agege federal constituency in Lagos State, Wale Hammed, is the sponsor of the Employees Remuneration Protection Bill, 2023. Section 7 (1) of the […]

Emefiele orders banks to dispense old naira notes - Soludo
News

Naira redesign: Reps to issue Emefiele’s arrest warrant Tuesday

Following a unanimous agreement amongst members, the Speaker of the House of Representatives, Femi Gbajabiamila, is expected to sign the warrant of arrest against the Governor of Central Bank of Nigeria, Godwin Emefiele, during plenary on Tuesday.   Recall that, the Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, […]

News

Suspend new cash withdrawal limit, Reps order CBN

  The House of Representatives has directed the Central Bank of Nigeria, to stop the January 9, 2023, implementation of the new cash withdrawal policy. This is based on a motion of urgent public importance moved by a member of the House, Aliyu Magaji, at the plenary on Thursday. Recall that the apex bank had […]

Reps stops CBNs sale of Polaris Bank
Banking Uncategorized

Reps stops CBNs sale of Polaris Bank

The House of Representatives has asked the Central Bank of Nigeria to halt the planned sale of Polaris Bank Plc. According to reports, the lawmakers urged the CBN to wait until all processes for an open, transparent, and competitive bid are completed in accordance with best practices and procedures for divestment of this type. The […]

Reps pass tax crimes commission bill for second reading
Energy

Reps reject dirty fuel probe report, panel exonerates NNPC

The House of Representatives, on Wednesday, dismissed the report of its Committee on Petroleum Resources (Downstream) which investigated the importation of adulterated Premium Motor Spirit (petrol) into Nigeria, leading to disruption of the supply chain in the country. In the report, the committee failed to hold anybody responsible for the development or recommend sanctions. The […]

Reps pass tax crimes commission bill for second reading
Policy and Regulations

Enforce use of coins, Reps urge CBN

The House of Representatives has urged the Central Bank of Nigeria to “reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins to the fullest.” Members of the House had at the plenary on Tuesday unanimously adopted the motion moved by a member, Muda Umar, titled ‘Call […]

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