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Tag Archives: Senate

Buhari Nominates AbdulRasheed Bawa as New EFCC Chairman

Buhari Nominates AbdulRasheed Bawa as New EFCC Chairman

Nigeria President Muhammadu Buhari has nominated AbdulRasheed Bawa as the substantive chairman of the Economic and Financial Crimes Commission (EFCC). Bawa’s nomination was contained in Buhari’s letter of nomination to the Nigerian Senate for confirmation. “President Buhari has asked the Senate to confirm Mr. Abdulrasheed Bawa as substantive chairman of …

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Senate Approves Revised 2020 Budget

Senate passes 2020 budget

The National Assembly has finally put closure to the 2020 appropriation process by approving the reworked bill on Thursday. The senate raised the budget of N10,59 trillion submitted by president Mohammadu Buhari to N10.805 trillion. The House of Representatives had passed the budget on Wednesday.   The N10.805 trillion was …

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Senate Calls CBN Out Over $3.3bn Unremitted Foreign Tax

Senate passes 2020 budget

The Senate has queried the Central Bank of Nigeria over alleged unremitted $3.3bn from the $21.3bn collected by the Federal Inland Revenue Service as foreign tax in 2015. The Public Accounts Committee of the red chamber issued the query after its meeting on Wednesday. The Senate panel said it acted …

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2020 Budget: FG Proposes 20% Cut from Capital Project

The federal government is proposing a 20 per cent cut in the capital expenditure across Ministries, Departments and Agencies (MDAs) in the 2020 budget to the tune of N312.820 billion. The proposal, titled “2020 Capital Revised Adjustment,” was one of the highlights of the presentation of the Minister of Finance, …

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