Senate says it is not planning to pass social media regulation bill- The Nigerian Senate has dismissed reports claiming that the upper legislative chamber is planning to pass a bill to regulate social media - The report was dismissed by Ajibola Basiru, a spokesperson of the Senate on Saturday, August 29 - Basiru said Nigerians should shun false reports which make them comment on non-existent issues PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed! The Nigerian Senate has dismissed reports claiming that the upper legislative chamber is planning to pass a bill to regulate social media when lawmakers resume from their annual recess in September. Ajibola Basiru, a spokesperson of the Senate on Saturday, August 29, described the report as untrue, The Cable reported. The legislator tagged the claims as false reports concocted to tarnish the image of the Senate. He said there has not been any recommendation for passage of the bill by the Senate and urged Nigerians to be wary of the reports. Read also This is when Nigeria should be restructured - Governor El-Rufai The senator said Nigerians should shun false reports which make them comment on non-existent issues. Basiru stated that there is no need to carry out investigations to dig out what the Senate would do because the Senate conducts its sittings in the open. In another report, the chairman Senate committee on banking insurance and other financial institutions, Uba Sani, has said that his committee and the Asset Management Corporation of Nigeria (AMCON) have identified the strategies and tactics being employed by debtors to stall the repayment of loans. According to Legit.ng's regional reporter in Kaduna, Nasir Dambatta this revelation was contained in a media release by Senator Uba Sani at the end of a retreat by his committee and AMCON in Abuja on Friday, August 28. He said AMCON has remained at the receiving end of these well-laid and orchestrated acts of economic sabotage. Meanwhile, the Senate joint committee on finance and national planning, on Tuesday, August 25 queried the Director-General of Securities and Exchange Commission (SEC), Lamido Yuguda, for spending N10.3 billion on the annual salary of about 600 staff. Read also Fashola lied - Nigerian Senate slams minister over claim, warns him against causing friction between NASS and Nigerians The committee's interrogation was a sequel to Yuguda’s submission on revenue projections for the 2021 budget where he said out of N4 billion revenue generated by SEC in 2019, only N86.835 million was remitted into the Consolidated Revenue Fund managed by the federal government. He also said for the workforce in the commission to be reduced, the severance package of those to be laid off has to be paid. PAY ATTENTION: Download our mobile app to enjoy the latest news update To be or not? Nigerians speak on social media bill | Legit TV Source: Legit.ng - The Nigerian Senate has dismissed reports claiming that the upper legislative chamber is planning to pass a bill to regulate social media - The report was dismissed by Ajibola Basiru, a spokesperson of the Senate on Saturday, August 29 - Basiru said Nigerians should shun false reports which make them comment on non-existent issues PAY ATTENTION: PAY ATTENTION: