Senate uncovers massive fraud in NIPOST, begins probe

 The Nigerian Senate The Nigerian Senate has uncovered a massive fraud in the Nigerian Postal Service, NIPOST. This followed the discovery of irregularities in the agency’s subsidiaries – NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. In its resolution of December 30, 2023, the Red Chamber said …

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NERC Denies Approving Electricity Tariff Increase For DisCos

The Nigerian Electricity Regulatory Commission (NERC) says it has not issued any directive on the increase of electricity tariff from January 1, 2023. Media reports had claimed that the commission finalised plans to increase the electricity tariff. The reports also noted that electricity distribution companies (DisCos) would soon inform customers …

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Akpabio: Why We Increased 2024 Budget

Senate President Godswill Akpabio has said that there are “verifiable justifications” by the national assembly for increasing the 2024 budget by over N1 trillion.   On Saturday, the national assembly passed the budget after increasing its size from N27.5 trillion proposed by President Bola Tinubu to N28.7 trillion. The budget …

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