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Senate, on Tuesday, resumed from its two-week vacation and resolved to suspended all issues relating to the confirmation of nominees submitted by the executive over what it termed as a move to reduce its legislative powers. The senators said the decision would remain until the issues of confirmation as contained in the Constitution and the laws of the federation were adhered to. The Senate also urged acting President Yemi Osinbajo to respect the constitution and laws enacted by the National Assembly as related to confirmation of appointments. It also urged the acting president to withdraw his earlier statement that the Senate did not have powers to confirm some officers and, henceforth, adhere to the constitution. The resolution followed the presentation of a letter from the acting president for the confirmation of Mr Lanre Gbajabiamila as Director-General, National Lottery Regulatory Commission, read by the President of the Senate Dr Bukola Saraki during Tuesday’s plenary. ...

The Central Bank of Nigeria governor has approved the operation of Russian ponzi scheme, MMM, and has called on all Nigerians to take advantage of the awoof. Since the beginning of the year, the Mavrodi Mondial Movement organisation has helped many Nigerians get out of poverty by dashing them up to 30% interest when they invest in it. It has generated a lot of controversy within the country, and the EFCC had warned people not to put their money into it. The participants of the scheme have also blasted the EFCC for poking their nose into the affairs of well meaning foreigners that have come to rescue them from money issues. In a statement given to our reporter in the parking lot of the CBN Headquarters in Abuja, the CBN governor allayed the fears of skeptical Nigerians and disclosed that thorough checks carried out on the organisation show that it is a legitimate investment facility. A top official at the Ministry of Finance confided in us that even the federal ...

The Nigerian National Petroleum Corporation and a Chinese company, Bureau for Geophysical Corporation, have begun mobilising to Alkakeri, Darazo, Misau in Bauchi State to commence the drilling of oil wells in the coming months. The exploration is expected to bring employment and other economic opportunities to the state. The Group Managing Director of the NNPC, Dr. Maikanti Baru, disclosed this when he led top management staff on a courtesy visit to the Bauchi State Governor. He said, “NNPC’s renewed commitment for further exploration in the Gongola Basin is informed by directives to NNPC by President Muhammdu Buhari to resume oil exploration activities in Gongola and Chad Basins following successful commercial discoveries of oil and gas in neighbouring Niger, Chad and Central African Republic in their portion of the Chad Basin.” The NNPC boss recalled that exploration activities in the Chad Basin began in 1974, continued in 1996 to 2000 when gas was discovered in non-commercia...

The Senate on Thursday passed the amendment to the law establishing the Joint Admissions and Matriculation Board. The law now extends the validity of the result of the board’s examination from one year to three years. 

The National Judicial Council will on Tuesday hold an emergency session,  The PUNCH  learnt on Sunday. It was learnt that the NJC originally scheduled the meeting solely to consider the candidate most suitable for appointment as the next Chief Justice of Nigeria from the list forwarded to it by the Federal Judicial Service Commission last week. But following the raids on the houses of some judicial officers by the men of the Department of State Services over the weekend, it was learnt that the outgoing CJN and the Chairman of both the NJC and FJSC, Justice Mahmud Mohammed, directed that the issue be included on the agenda of the scheduled emergency meeting. The DSS, at the end of the operations, which lasted at least 12 hours between Friday night and Saturday morning, arrested Justices Sylvester Ngwuta and John Okoro, both of the Supreme Court, as well as Justice Adeniyi Ademola of the Federal High Court in Abuja. The security operatives also searched the house of an...

The Federal Government has reached an agreement with the World Bank Group and other development partners for the release of $1.3bn for the take-off of the Development Bank of Nigeria. The Minister of Finance, Mrs. Kemi Adeosun, said this on Sunday in Washington DC, United States of America at the closing press conference marking the end of the World Bank/International Monetary Fund’s annual meetings. Adeosun, who spoke alongside the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, explained that the DBN would serve as a means of intervention for the Small and Medium-sized Enterprises in the country to get funds to run their operations and expand in order to achieve inclusive growth for the country. She said, “An agreement was reached on the final steps for the take-off of the Development Bank of Nigeria, which had been stopped due to some issues; we have resolved all those issues, the recruitment process has now been finalised, with management team put in place; an...

Instead Trump levelled a blunt attack at former president Clinton — present in the audience — asserting that he has a history of abusing women, and inviting several of his accusers to attend the debate. “If you look at Bill Clinton, far worse,” Trump insisted. “Mine are words, his was action,” he said, claiming that there has “never been anybody in the history of politics in this nation that’s been so abusive to women.” Clinton refused to take the bait, saying she took the advice that “when they go low, you go high.” In the tense opening minutes of the showdown, Trump also clashed with Clinton on her private use of emails while secretary of state, warning that if he becomes president he will order the Justice Department to launch a special investigation into the issue. When Clinton responded that it was “awfully good” that someone with Trump’s temperament was not leading the nation, he shot back: “Because you’d be in jail.” Trump is facing a make-or-break moment after his lewd ...