Court Stops Reps From Summoning 17 Insurance CEOs Over Alleged Debt The Federal High Court in Abuja has barred the House of Representatives from compelling 17 insurance company CEOs to appear before its Committee on Capital Market and Institutions over alleged debt. Justice Emeka Nwite granted the order following a suit filed by the insurers under the Nigerian Insurers Association (NIA). The firms argued that they are already regulated by statutory agencies such as NAICOM, CAC, and FIRS, insisting the National Assembly lacks constitutional powers to demand operational records or probe alleged indebtedness. The dispute stems from a House investigation into 25 insurers accused of failing to remit ₦98.4 billion to the Federal Government. The plaintiffs include AXA Mansard, NEM Insurance, Cornerstone Insurance, LASACO, Mutual Benefits, and others. The defendants are the Speaker of the House, the Committee on Capital Market and Institutions, and its leaders. The substantive case has been adjourned to September 9, 2025. #NigeriaCourt #Insurance #HouseOfReps #DebtProbe

CBN Governor Faces Arrest Threat Over Missing ₦5.2 Trillion — House of Reps Blows Hot! The Nigerian House of Representatives has issued a stern warning to the Central Bank of Nigeria (CBN) Governor, threatening his arrest over the unremitted ₦5.2 trillion in government funds. Lawmakers accuse the apex bank of withholding massive revenues and flouting transparency laws. Despite repeated invitations, the CBN Governor has allegedly failed to provide clear explanations, prompting the legislative body to consider invoking its constitutional powers to ensure compliance. This dramatic turn marks an escalating tension between Nigeria’s financial regulators and lawmakers, raising serious concerns over fiscal responsibility and transparency at the highest level. #CBNProbe #MissingTrillions #HouseOfReps #FinancialAccountability

BREAKING: House of Reps Threatens to Arrest CBN Governor Over ₦5.2 Trillion Unremitted Funds Tensions are rising as the House of Representatives has issued a strong warning to the Governor of the Central Bank of Nigeria (CBN), threatening his arrest over the failure to remit ₦5.2 trillion into government accounts. Lawmakers say the unremitted funds represent a serious breach of financial accountability and are demanding full disclosure and action from the apex bank. The ultimatum follows repeated summons and failed appearances, with the House declaring it will take legal steps if the CBN governor continues to ignore their directive. #CBNProbe #HouseOfReps #N5TrillionScandal #AccountabilityNow

WAEC Given 24-Hour Ultimatum by Reps Over SSCE Irregularities The House of Representatives Committee on Basic Education and Examination Bodies has issued a 24-hour ultimatum to the West African Examinations Council (WAEC), demanding the body’s immediate appearance to address growing concerns over the ongoing Senior School Certificate Examination (SSCE). This move follows public outrage regarding delays, poor coordination, and reports of students writing exams under harsh conditions. Lawmakers insist WAEC must provide explanations or face further legislative action. #WAEC #SSCE2025 #EducationCrisis #NigeriaEducation #HouseOfReps