House of Representatives probe
Tension in Insurance Industry as Reps Open Investigation into 25 Firms
The Nigerian insurance industry is currently navigating a storm of scrutiny as the House of Representatives Subcommittee on Capital Market and Other Institutions investigates 25 prominent insurance firms over alleged financial misconduct. The probe, sparked by a formal petition and initiated at the National Assembly Complex in Abuja, is already sending shockwaves through an industry […]
Reps Probe Remittances to RMRDC for Transparency
In a decisive move aimed at promoting transparency and accountability in Nigeria’s industrial funding mechanisms, the House of Representatives has resolved to investigate alleged irregularities in the remittance of a two per cent import surcharge to the Raw Materials Research and Development Council (RMRDC). The probe follows growing concerns over underfunding and mismanagement of funds […]