Echotitbits – Nigeria News

Tag: House of Reps

  • N’Assembly opens tax-acts paperwork to the public as “gazette mismatch” row grows

    N’Assembly opens tax-acts paperwork to the public as “gazette mismatch” row grows

    2026-01-02 06:00:00
    According to Punch, Nigeria’s National Assembly says it will publish the Votes and Proceedings from both chambers alongside the gazetted versions of the new Tax Acts, after allegations that the text in circulation differs from what lawmakers passed.

    The House leadership says the clerk will also make available the transmitted tax bills signed by the president, including the certificate pages, as part of an effort to calm the controversy and restore confidence in the documentation trail.

    Lawmakers have already constituted an ad hoc committee to review the alleged inconsistencies and report back, with officials framing the move as a transparency step rather than a reversal of the reforms.

    Premium Times reports the legislature is “promising to make available certified copies of the bills signed” to address public concerns, noting the Assembly’s directive to release those documents. Reuters, meanwhile, says the dispute centres on “discrepancies between the gazetted text and the version passed by lawmakers,” as the reforms move into implementation.

    Echotitbits take: This is a rare “open-the-files” moment for Nigeria’s legislature. If the certified versions don’t match what businesses are already pricing into contracts and tax planning, expect urgent circulars, re-gazetting, and possible legal challenges. Watch the ad hoc committee’s report and any guidance from FIRS/Nigeria Revenue Service on transitional enforcement.

    Source: The Punch — January 2, 2026 (https://punchng.com/nassembly-invites-public-to-scrutinise-tax-laws/)
    The Punch 2026-01-02

    Photo Credit: The Punch

  • Reps open probe into alleged ‘edited’ gazetted tax laws as politics heats up

    Reps open probe into alleged ‘edited’ gazetted tax laws as politics heats up

    Photo Credit: Punch / File
    2025-12-19 12:00:00

    Punch reports that the House of Representatives has set up an ad hoc committee to investigate claims that versions of new tax laws in circulation differ from what the National Assembly passed.

    The controversy is high-stakes: investors and citizens need certainty on what the law actually says—especially ahead of the planned January 2026 effective date.

    Verification: Premium Times confirms the House set up a seven-member committee to probe alleged discrepancies, while The Guardian reported the political demand to shift commencement.

    Quotes: Premium Times: “set up a seven-member ad hoc committee to investigate alleged discrepancies…” The Guardian: “demanded that the commencement date… be shifted…”

    Analysis/Echotitbits take: If citizens believe laws can be altered after passage, legitimacy collapses. Watch for publication of an authenticated gazette, version control, and sanctions if wrongdoing is established.

    Source: The Punch — 2025-12-19 — https://punchng.com/reps-probe-tax-law-tweaks-pdp-demands-suspension/

    The Punch 2025-12-19

  • Reps committee summons three DisCos over ₦100bn unpaid remittances

    Reps committee summons three DisCos over ₦100bn unpaid remittances

    PunchNG (illustrative image on article page)
    2025-12-16

    According to The Punch, the House of Representatives Public Accounts Committee summoned IBEDC, BEDC and PHEDC over alleged failure to remit more than ₦100bn owed to the Federal Government.

    The committee said the move is about protecting public resources and warned that ignoring summons can attract penalties under the law.

    The matter sits within broader debates on market shortfalls and cashflow constraints in the power sector.

    ThisDay: “summoned… over N100bn payment default.”

    BusinessDay: “summons… over N100bn debt to FG.”

    Analysis/Echotitbits take: This could force repayment plans—or fade without enforcement. Watch for sanctions, structured recovery agreements, and whether regulators address the deeper revenue-collection and tariff issues driving remittance gaps.

    Source: The Punch — December 16, 2025 (https://punchng.com/n100bn-unpaid-reps-move-against-three-discos/)

  • Reps Demand Lower Airfares Ahead of Christmas Travel Rush

    Reps Demand Lower Airfares Ahead of Christmas Travel Rush

    Photo Credit:Punch Newspapers

    The House of Representatives has urged domestic airlines and aviation regulators to reduce airfares ahead of the Yuletide season, warning that current prices are pushing many Nigerians off air travel. Lawmakers argued that high ticket costs, often justified by foreign‑exchange volatility and fuel prices, are undermining mobility and hurting economic activities.

    The House called on the Nigerian Civil Aviation Authority and other agencies to engage airlines on price moderation and transparency, while exploring incentives that could lower operating costs. The intervention comes as millions prepare for festive travel, with concerns over safety, congestion and affordability.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • Lawmakers Move to Place CBN Operations Under Tighter Oversight

    Lawmakers Move to Place CBN Operations Under Tighter Oversight

    Photo Credit:Punch Newspapers

    The House of Representatives is considering a bill that would subject key operations of the Central Bank of Nigeria to stronger legislative oversight and transparency requirements. Sponsors of the proposal say recent controversies over foreign‑exchange management, Ways and Means financing and intervention funds justify clearer rules and reporting obligations.

    While acknowledging the need for central‑bank independence, proponents argue that accountability to the Nigerian people through parliament cannot be compromised. The bill could reshape the balance between monetary authorities and elected officials, with implications for banking regulation, inflation management and investor confidence.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • Reps Target Casual Labour Practices in Nigeria’s Banks

    Reps Target Casual Labour Practices in Nigeria’s Banks

    Photo Credit:Vanguard

    The House of Representatives has advanced a bill sponsored by Fuad Laguda seeking to curb the widespread use of casual workers in Nigeria’s banking sector. The proposed law aims to compel banks to regularise thousands of contract staff who perform core functions but lack job security, benefits and union representation.

    Labour groups have long criticised the practice as exploitative, arguing that it depresses wages and encourages unethical sales pressures. Supporters of the bill say fair employment in banks is critical to financial‑sector stability and consumer trust, though industry players warn of higher operating costs.

    Source: Vanguard – 11 Dec 2025

    2025-12-12 10:00:00 Vanguard – 11 Dec 2025 2025-12-11

  • Reps Give NNPCL Dec. 15 Deadline on 2021 Audit Queries

    The House of Representatives Public Accounts Committee has given NNPCL a final December 15, 2025 deadline to respond to 2021 audit queries, citing repeated non-appearance and incomplete documentation.

    Lawmakers warned that continued disregard for oversight could trigger stronger legislative action as scrutiny of national oil-sector governance intensifies.

    2025-12-08

    The Nation

    2025-12-08