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Showing posts with label TSA. Show all posts
Showing posts with label TSA. Show all posts

Friday, April 22, 2016

The Senate, CCT and the politics of Saraki’s trial By Reuben Abati


The present Senate serving the Nigerian people runs the risk of being remembered as the worst since 1999.  Public Relations Consultants and media officials of this particular Senate have done their part flooding both the print and the online media with details of how productive the Bukola Saraki-led Senate has been, and they have been quite aggressive in telling us about 30 important Bills which when passed, will change the face of Nigeria and deliver change.

The Senate according to one report has considered over 125 bills, debated over 48 motions, and passed three bills. But nobody is apparently impressed. During the Jonathan administration, the Senate was the better regarded of the two legislative chambers. While members of the House of Representatives in the Seventh Assembly behaved as if they were a band of students’ unionists, the then Red Chamber projected an image of maturity and temperance, even if it was also self-serving! With the 8th Assembly, the House of Representatives, apart from the shameful resort to physical combat over the distribution of “juicy” committees in November 2015, has shown itself to be better organized than the present Senate. The critical difference is that of leadership. It is one of management. It is a matter of weight and politics. 

Friday, March 4, 2016

$20 Billion (N3.94tn) idle in Nigerians’ domiciliary accounts – CBN


The Central Bank of Nigeria on Thursday raised the alarm that about $20bn (N3.94tn) was lying idle in different domiciliary accounts of the citizens.

The Deputy Governor, Financial System Surveillance, CBN, Dr. Joseph Nnana, stated this during a meeting of the Joint Appropriation Committees of the National Assembly with government officials on the 2016 budget.

Nnana said, “Distinguished chairman sir, we have $20bn lying idle in various domiciliary accounts of many customers at the various banks across the country.

“This is part of the reasons why the naira has continued to slide against the US dollar.”

He alleged that some privileged Nigerians were behind the consistent slide in the value of the naira by embarking on dollar speculation to the detriment of the local currency.