The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has clarified that each of the 109 senators in Nigeria’s Senate receives a total of ₦1,063,860 per month in salary and allowances. This clarification comes in response to statements by former Senator Shehu Sani, who claimed that senators receive a monthly running cost of ₦13.5 million in … Read more
EKO HOT BLOG reports that the claim made by the currently suspended Bauchi Central Senator, Abdul Ningi, alleging the inclusion of N3.7 Billion in the 2024 budget has raised concerns regarding the budget’s integrity and the allocation of funds for lawmakers’ constituency projects. During a Senate plenary session last Tuesday, this allegation prompted discussions among senators. … Read more
The CBN has released guidelines for banks to scrutinize Nigerian senators and politicians’ accounts. The guidelines require enhanced due diligence, identity verification, and transaction monitoring for suspicious activity. Politicians’ accounts will face closer scrutiny, increased investigation likelihood, and potential withdrawal restrictions. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has released new … Read more
EKO HOT BLOG reports that Senator Godswill Akpabio, representing Akwa Ibom North-West Senatorial District, has emerged as the Senate President for the 10th National Assembly on Tuesday. He had 63 votes to defeat his rival, Sen Abudlazeez Yari from Zamfara West Senatorial District, who garnered 46 votes. EDITOR’S PICKS Shehu Sani Slams Wike’s Appointment … Read more
Senate President Lawan has revealed the salaries and emoluments of members of the National Assembly to the public. EKO HOT BLOG reports that the President of the Senate, Ahmad Lawan, on Monday, revealed the salaries and emoluments of members of the National Assembly to the public in Abuja. Lawan also said the Buhari has surpassed … Read more
Nigerian Senators enjoy unlimited tenure and can remain in the Red Chamber for as long as they are re-elected. The essence of this is to preserve institutional memory and ensure there are experienced lawmakers in the National Assembly at every time. However, there are apprehensions that some sit-tight Nigerian politicians may take an undue advantage of this privilege and unnecessarily perpetuate … Read more