House of Reps propose 10-year jail term for ponzi scheme operators

The House of Representatives has passed for second reading, a bill to repeal the Investments and Securities Act (ISA) 2007 and enact the Investments and Securities Act to establish Securities and Exchange Commission (SEC). The bill, which seeks to make

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Reps pass 2022 budget of N17.126trn

The House of Representatives on Tuesday, December 21 passed a 2022 budget of N17.126 trillion against the N16.391 trillion sum presented by the president. While the major capital, recurrent, debt service, statutory transfers remain untouched, the House made provision for

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Gbajabiamila declares seat of late House of Reps member vacant

Seat of late lawmaker who represented Akure South/Akure North Federal Constituency of Ondo State, Hon. Adedayo Omolafe, has been declared vacant by speaker of the house of representatives, Femi Gbajabiamila. Gbajabiamila noted that the vacancy is as a result of

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New bill to jail protesters for 5-years passes first reading in house of reps

A bill that was brought before the house of representatives on Thursday to jail protesters for five years has reportedly passed the first reading. The Bill entitled: ‘An Act To Amend The Criminal Code ACT, CAP 38, Laws Of The

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