ABUJA — The Senate has passed for second reading a bill seeking to amend the Proceeds of Crime (Recovery and Management) Act, 2022, with the aim of creating a dedicated agency to oversee the administration of recovered assets in Nigeria. The proposed legislation, sponsored by Senator Idiat Adebule (APC, Lagos West), was debated during Tuesday’s
ABUJA — In a move aimed at enhancing the leadership structure of the Federal Road Safety Corps (FRSC), the Secretary to the Government of the Federation (SGF), Senator George Akume, has approved the promotion of 18 senior officers to the rank of Assistant Corps Marshal (ACM). The newly promoted officers are drawn from key departments
ABUJA — The Federal Road Safety Corps (FRSC) on Monday, May 19, 2025, flagged off the 2025 National Workshop for Driving School Proprietors and Instructors, reaffirming its commitment to enhancing driver education and eliminating illegal driving schools across the country. The Corps Marshal, Shehu Mohammed, who officially launched the workshop in Abuja, said the initiative
In a move aimed at easing the financial strain faced by tenants across the state, the Lagos State Government has announced plans to introduce monthly and quarterly rent payment systems. This was revealed by the Commissioner for Housing, Hon. Moruf Akinderu-Fatai, during the 2025 Ministerial Press Briefing held in Ikeja to commemorate the second year
The Central Bank of Nigeria (CBN) has officially announced the 300th meeting of its Monetary Policy Committee (MPC), scheduled to hold at the CBN Headquarters, Abuja. The landmark meeting comes at a critical time for Nigeria’s economy as policymakers weigh options to stabilize inflation, manage exchange rate volatility, and sustain recent macroeconomic reforms. According to
In a significant demonstration of the Independent Corrupt Practices and Other Related Offences Commission’s (ICPC) commitment to fostering transparency and accountability, Dr. Musa Adamu Aliyu, SAN, Chairman of the Commission, delivered a goodwill message at the Inaugural National Policy Dialogue on the Legislative Agenda of the House. The event took place earlier today at the
The newly appointed Permanent Secretary in the Federal Civil Service, Mr. Abel Olumuyiwa Nnam, has officially assumed duty, with a strong charge to staff under his leadership to uphold the highest standards of performance, professionalism, and integrity in the discharge of their duties. Addressing departmental directors and unit heads at his inaugural meeting held at
The Federal Government has called for the strategic utilization of Nigeria’s growing pension assets to support key sectors of the economy, emphasizing that proper deployment could serve as a catalyst for national development and long-term financial sustainability. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, made this known during a
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Central Bank of Nigeria (CBN) to publicly disclose whether local government areas (LGAs) in the country are receiving federal allocations directly, in line with constitutional provisions aimed at promoting grassroots development and financial transparency. In a letter dated May 10, 2025, and signed by
The Federal Government of Nigeria has officially announced the cancellation of its long-standing foreign scholarship scheme, citing economic constraints and the urgent need to redirect funding toward revitalizing the country’s domestic education sector. The announcement, made by the Federal Ministry of Education through the Federal Scholarship Board (FSB), confirms that the government will no longer
