Politics
Senate issue Ag. President Osinbajo ultimatum over budget
No fewer than 31 agencies have spent trillions of naira without budget, and the Senate believe Acting President Yemi Osinbajo must ask the agencies to submit their budget in two weeks‘ time–or else stop spending.
The un-appropriated spending runs afoul of the provisions of the Nigerian Constitution and the Fiscal Responsibility Act.
ALSO SEE: Senate finally approves 21% budget hike
Following a motion by the Deputy Leader, Bala Na’Allah on Wednesday, the upper house a resolved that the concerned agencies should stop further spending pending compliance.
Deputy Senate President Ike Ekweremadu, Solomon Adeola, APC-Lagos;,George Sekibo, PDP-Rivers, James Manager, PDP-Delta; Barnabas Gemade, APC-Benue, also berated those agencies for flouting the law.
-
Trending Stories1 week agoDavido, Wizkid, Burna Boy or Asake: Who is having the biggest 2026 so far?
-
Football7 days agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Crime6 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business5 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Energy1 week agoBrent crude tops $100: What higher oil prices mean for Nigeria
-
Business6 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Business3 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business6 days agoNaira gains ground as Euro holds around N1,548, reserves hit 18-year high