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Reps Propose 10-year Jail For Ponzi Scheme Operators

The House of Representatives has passed for second reading, a bill seeking to regulate Ponzi and pyramid schemes as well as other forms of investments, proposing a 10-year jail term for operators. The bill also proposes more regulatory powers for the Securities and Exchange Commission as well as ease state and local governments’ access to […]

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Senate proposes bill to bar landlords from collecting annual rent

A bill seeking to make it an offence for any landlord to demand payment of advance rent from tenants of residential and office buildings and spaces beyond three months was laid before the Senate on Tuesday. The lawmaker representing Kogi West Senatorial District, Senator Smart Adeyemi, sponsored the bill, titled, ‘Advance Rent for Residential Apartments, […]

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National Assembly may override Buhari’s assent, says Senate chairman

Members of the National Assembly are considering overriding President Muhammadu Buhari, on the Electoral Act (Amendment) Bill. Chairman of the Senate Committee on Independent National Electoral Commission, Senator Kabiru Gaya, made this known on Monday. Gaya, a former Governor of Kano State, had appeared on Politics Today, a current affairs programme on Channels Television monitored […]

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Nigeria senator denies allegations of solar panel contract scam worth millions

The Senator representing Adamawa Central Senatorial District, Senator Aishatu Ahmed (Binani), has denied allegations of embezzlement levelled against her over the execution of a multi-million naira Solar street panel contract awarded through the office of the Senior Special Assistant to the President on Sustainable Development Goals, Princess Adejoke Orelope Adefulire. A report which surfaced online […]

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Constitution review: Senate forecloses state creation

The Senate has ruled out the creation of new states, it was learnt on Sunday. The Senate Committee on the Review of the 1999 Constitution observed that, apart from shrinking resources, which may render additional states unviable, the exercise may fuel national tension and further polarise the country. There are agitations across the six geo-political […]

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