Money Laundering: Buhari Sends Bill to Senate

The Senate on Wednesday received a letter from President Muhammadu Buhari seeking to enact Money Laundering Prevention and Prohibition Bill 2016 and the Mutual Legal Assistance in Criminal Matters Bill 2016.

The President of the Senate Bukola Saraki, while reading the letter said that the proposed bill provides for the repeal of the Money Laundering Prohibition Act 2011, as amended in 2012.

Banks, Insurance Companies Owes Housing Contribution for 24 Years – MD

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN) Mr Gimba Kumo has said that commercial banks and insurance companies have defaulted payment of its contribution to housing scheme for 24 years.

He disclosed this while briefing the Senate Committee on Banking and other Financial Institutions.

Women, ‎the Bedrock of Governance - Oduah

Senator  Stella Oduah the Lawmaker representing Anambra Senatorial district and vice chairman committee on Women Affairs ‎ has described women Affairs as the Bedrock of the society.

She stated this on Wenesday, 27th January 2016 at the inaugural meeting of the committee of women Affairs held at the National Assembly complex ‎Abuja.

‎Tinubu Condemns 2016 Budget Proposal

Senator Oluremi Tinubu ‎( APC Lagos Central) has condemned the 2016 budget proposal of President Muhammadu Buhari  saying it lacks provision for Women development.

The Lawmaker while contributing to the budget consideration stated that the allocations to the Women Affairs Ministry is the least and lacks provision for the welfare and development of women. 

$8BN Dividends: Senate Gives NLNG One Week to Provide Evidence of Payment

The Senate on Thursday gave the Nigeria Liquefied Natural Gas Limited (NLNG) one week to provide evidence of payment of taxes and dividends since the end of the company’s tax holiday in 2009.

This was disclosed  when the NLNG briefed the Senate Committee on Gas and the Senate Committee on Niger Delta on developments in the area.

Senate Condemns Resurgence of Pipeline Vandalism in Niger Delta

The Senate has condemned the resurgence of pipeline vandalism in the Niger Delta region.

Chairman Senate Committee Petroleum Upstream Senator Tayo Alasoadura while briefing newsmen on Thursday in Abuja called on vandals to desist from the dastardly Act capable of further retrogressing the economy.

2016 Budget: Ekweremmadu, others Warns Against Borrowing

The Deputy President of the Senate, Ike Ekweremadu, on Wednesday in Abuja, condemned the enormous borrowing plans of the federal goverment as reflected in the 2016 budget proposal while advocating fair distribution of projects.

Ekweremadu made the call while contributing to the debate on the consideration of the general principles of the proposed 2016 budget.