Tag: House of Representatives

House Directs CBN To Stop Using Forex For Local Transactions

The House of Representatives, Thursday, urged the Central Bank of Nigeria (CBN) to stop the use of foreign currencies as means of exchange in local and domestic transactions in Nigeria. The decision was arrived at the plenary following the adoption of a motion brought before the House by Hon. Nadu S. […]

House probes N2.1bn mint scam, to invite Sanusi

The House of Representatives on Saturday said it was shocked to hear that N2.1bn of newly printed N1,000 notes was missing at the Nigeria Security Printing and Minting Company. Last week, the Central Bank of Nigeria Governor, Lamido Sanusi, launched an investigation to ascertain the quantity of money missing at […]

Reps order Oteh’s delegation out of revenue meeting

In a move to enforce its resolution on the Securities and Exchange Commission, the House of Representatives on Tuesday walked out officials of the agency from a meeting at the National Assembly. The three-man SEC delegation had gone to represent the Director-General of the commission, Ms. Arunma Oteh, at an […]