Abuja — President Muhammadu Buhari has refused assent to the National Oil Spill Detection and Response Agency Amendment Bill 2018. His…
Browsing: Dr. Bukola Saraki
30 May 2018, Sweetcrude, Abuja – President of the Senate, Dr. Bukola Saraki, says the upper chamber of the National Assembly is…
According to the lawmakers, the levy will be used to fund the Petroleum Equalisation Fund (PEF) as reflected in the new bill.
Those confirmed are Mrs. Aisha Ahmad and Mr. Edward Lametek Adamu as deputy governors and Mr. Adeola Adenikinju, Mr. Aliyu Sanusi and Mr. Robert Asogwa as members of the Monetary Policy Committee (MPC).
The deadline to Nigeria to separate its National Financial Intelligence Unit from the EFCC lapsed on Sunday, without Nigeria signing a law that would have done so. The likely outcome of the meeting will be Nigeria’s expulsion from the group.
“I hope that by this conference report, they (Egmont) will have a second view and readmit us. I hope that the executive will quickly assent and ensure the independence of the unit,” Saraki said.
Ahead of its meeting in Buenos Aires, Argentina, between March 11 and March 16, Nigeria is expected to make NFIU independent in order to avoid expulsion.
The intervention of the leadership of the National Assembly came ahead of the Egmont Group’s next meeting which is scheduled to hold on March 12. At the meeting, it would be determined whether Nigeria has complied with the requirements to warrant the lifting of its suspension.
“This 8th Senate is here to expose every corruption in the system, irrespective of how highly-placed those involved are, and therefore, the reason for this public hearing today. This unconstitutional and illegal practice must be addressed and we are not going to rest until it is fully addressed.”
“During our recess, the committee moved around some cities, including Abuja and Lagos, to ascertain the situation on ground. When we thought that we were making progress, we just realised that the queues were resurfacing in fuel stations.”