Hon. Yakubu Dogara, Speaker of Nigeria’s House of Representatives, has stated that the Central Bank of Nigeria (CBN) cannot change the laws of the land under the pretext of promoting “sound financial system.”
Dogara said this while speaking at the public hearing organised by the House Committee on Commerce on “A Bill for an Act to Provide For Secured Transactions” on Monday, stating that the CBN’s regulations for a collateral register, may have overreached its powers.
Speaking on the secured transaction bill, […]
According to reports, the Ekiti State Government faulted the Senate over its plan to probe into the expenditure of the bailout granted the state by the Federal Government.
The government specifically stated that the upper chamber of the National Assembly lacked the powers to do so in a letter sent to the Chairman, Senate Committee on State and Local Government Administration, Senator Gumel Abdullahi, by the Commissioner for Justice and Attorney General of the state, Mr. Owoseni Ajayi.
In the letter dated […]
According to reports, the Vice President of the Industrial Global Union, Issa Aremu, has advocated special powers for anti-graft agencies to question the sources of wealth of people living above their means in the country.
Aremu made the call when he received Ibrahim Magu, the Acting Chairman of Economic and Financial Crimes Commission, in Kaduna.
The EFCC and other anti-corruption agencies such as the Independent Corrupt Practices and other related offences Commission, he said, should be legally empowered to invite anyone living […]
Human rights lawyer, Mr. Femi Falana (SAN), said on Monday, that the National Judicial Council had the power to place judges under investigation on interim suspension.
Falana said in a statement that the position held by the NJC to the effect that it had no power to suspend judges without first receiving a petition against a judge and investigating it was wrong.
Citing the provisions of the newly launched National Judicial Policy and a similar scenario in 2006, the lawyer said the […]
It was gathered that the Senate on Tuesday described the arrest of some judges last weekend as ultra vires and abuse of powers by virtue of Acts empowering them.
Mover of the motion under matters of urgent national interest, Senator Joshua Lidani, in his outright condemnation of the arrest, argued that the corruption allegations against the judges ought to have been handled by the Nigeria Police which has the mandate to do so.
He pointed that the National Security Agencies Act, 2000 […]
According to reports, the Minister of Finance, Kemi Adeosun, on Friday explained why President Muhammadu Buhari is seeking the National Assembly’s approval for some emergency economic powers.
The minister, who was briefing the media on efforts by the federal government to navigate the country’s economy out of recession, said “unusual times need unusual measures.” With the economy in recession, analysts say the country can ill-afford the luxury of time in search solutions to bring the economy out of the woods.
Mrs. Adeosun, […]