A document sourced from authorities in the National Assembly detailed the liability to date as Senate vehicles – ₦716.6m; House of Reps vehicles – ₦430.3m; Management vehicles – ₦170.9m; Group Life Insurance Scheme (Staff) – ₦736.3m. NASSNigeria
had allegedly lost insurance cover for its entire buildings in which over N73 billion had been invested since 1999.
In the 2020 budget, N37 billion was appropriated for the renovation of the ‘White House’ part of the building that accommodates the chambers of both the Senate and the House of Representatives. The text added: “Technically, this entails that we no longer have insurance cover based on the policy of ‘no premium, no cover’.”
However, the Senate has rebuked Senator Smart Adeyemi for declaring that “military rule is better than democracy.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST IN: Oyo Assembly passes Amotekun bill - The Nation NigeriaOyo State House of Assembly on Tuesday passed the Oyo State Security Network Agency Bill, 2020 codenamed Operation Amotekun...
Read more »
N2.54bn debt: NASS loses insurance cover on assets - Daily Post NigeriaThe National Assembly is losing its group insurance cover for owing Insurance Service Providers to the tune of N2.54 billion in terms of premium on
Read more »
Three per cent Nigerians covered by health insurance –Survey
Read more »
Coronavirus: Shutting down National Assembly needless, says NCDC
Read more »
Reps to suspend plenary for 2 weeks over coronavirus – Daily TrustThe House of Representatives has called for the suspension of plenary for two weeks to prevent the spread of Coronavirus in the National Assembly.
Read more »
PASAN dissociates self from planned protest against NASS management - Daily Post NigeriaThe leadership of the Parliamentary Staff Association Nigeria (PASAN) National Assembly chapter, has dissociated the union from a communiqué purportedly
Read more »