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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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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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Dino Melaye threatens to lead protest over Buhari’s refusal to assent to Electoral Bill

A former Senator representing Kogi West, Dino Melaye, has threatened to lead a protest against the government should President Muhammadu Buhari, fail to assent to the Electoral Act Amendment Bill. Melaye stated this during an interview on a Channels TV programme, which was posted on Facebook on Tuesday. He stated that the protest would be […]

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Sen. Folarin Commissions Multimillion Naira ICT Centre

Senator Teslim Folarin representing Oyo Central Senatorial District at the National Assembly has enrolled 1,500 constituents on National Health Insurance Scheme (NHIS). The Oyo Central senator made the disclosure during the official commissioning and handover of multimillion naira Information and Communications Technology (ICT) Centre he facilitated to Methodist High School in Oluyole Local Government Area […]

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